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Workday (WDAY -1.9%) slips after Piper's Mark Murphy becomes the latest analyst to state he...

Workday (WDAY -1.9%) slips after Piper's Mark Murphy becomes the latest analyst to state he likes the company and dislikes its valuation. Workday could quintuple its HR software share over the next 3-5 years, Murphy thinks, but with shares trading at 14.8x estimated 2014 sales, he believes a Neutral rating is in order. Workday has been mostly range-bound after delivering a blistering IPO. (previous: I, II)
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