Workday Rising Event Highlights The Medium-Term Bull Case

About: Workday, Inc. (WDAY)
by: Mark Ashton
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Mark Ashton
Long/short equity, value

Workday announced new SKUs that will be introduced in the market in FY 2020.

Demand in the cloud/SaaS space remains healthy.

WDAY identified four growth levers for them to post double-digit top-line figures.

I believe fair value lies at $185.6 per share, 20% higher than current levels.

Workday's (NASDAQ:WDAY) latest analyst day inspired confidence in the company’s multi-year growth potential, driven by its strong cloud product portfolio and product pipeline, underpinned by its market leadership in the various business segments