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Piper Sandler Upgrades Workday Rating Amid Market Dynamics
Piper Sandler has upgraded Workday's stock rating from 'underweight' to 'neutral' following significant announcements made during the company's annual event, 'Workday Rising'. Additionally, Elliott Investment Management has acquired over $2 billion in Workday shares. This news has sparked interest in the broader cloud computing and enterprise software industry, particularly for Snowflake, which is positioned to benefit from the growing demand for data analytics and cloud services. Investors are keenly watching Snowflake's performance amid increasing competition in the cloud computing market.
Continue readingPiper Sandler Upgrades Workday Rating Amid Market Dynamics
Piper Sandler has upgraded Workday's stock rating from 'underweight' to 'neutral' following significant announcements made during the company's annual event, 'Workday Rising'. Additionally, Elliott Investment Management has acquired over $2 billion in Workday shares. This news has sparked interest in the broader cloud computing and enterprise software industry, particularly for Snowflake, which is positioned to benefit from the growing demand for data analytics and cloud services. Investors are keenly watching Snowflake's performance amid increasing competition in the cloud computing market.
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