Bank of America lowered Workday's price target to $265, following similar moves by other firms.

Bank of America lowered Workday's price target to $265 from $275, joining other firms like Wells Fargo, Citigroup, JMP Securities, and Goldman Sachs in reducing targets. Workday reported a Q2 EPS of $0.51, beating estimates, and has a "Moderate Buy" consensus rating with an average price target of $279.22. Insider selling and hedge fund activity have also been noted.