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Workday stock price forecast portfolio managers point to Workday
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Portfolio managers point to Workday stock price forecast strength due to retention rates exceeding 95%, ensuring subscription stability in volatile economic conditions. Goldman Sachs analyst Kash Rangan reiterated the Buy rating on the stock, lowering the price forecast to $300 from $305. "We think they're going to have a nice impact on bookings and revenue as we go into the new year," Eschenbach said. Option market data suggests bullish positioning, reinforcing the Workday stock price forecast for gains as implied volatility remains higher than historical averages.