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Benzinga

Business

Priya Nigam

Why This Is The Right Time To Buy Workday, Bill.Com

Workday BMO Capital Markets

The broad correction in high-growth software shares over the past quarter has presented opportunities to gain exposure to “category winners at attractive levels on a long-term basis,” according to BMO Capital Markets.

The Software Analyst: Daniel Jester upgraded the rating for Workday Inc (NASDAQ:WDAY) from Market Perform to Outperform, while reducing the price target from $330 to $295. In a separate note, analyst Jester reiterated an Outperform for Bill.com Holdings Inc (NYSE:BILL), while keeping the price target unchanged at $209.

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