Glonghui, May 24 | HR software provider Workday (WDAY.US) plummeted by more than 14% to $223.88 in the intraday period, and its stock price hit a new low since November 2023. Workday's first-quarter revenue increased from US$1.68 billion in the same period last year to US$1.99 billion, and analysts expected US$1.97 billion; adjusted earnings per share were US$1.74, higher than US$1.33 and analysts' expectations of US$1.58 for the same period last year. Additionally, the company lowered its subscription revenue guidance for fiscal year 2025 from $7.725 billion to $7.725 billion. After the results were announced, a number of investment banks lowered Workday's target price, including: - Morgan Stanley: lowered the target price from $330 to $325 to maintain the increase rating; - Evercore: lowered the target price from $350 to $300 to maintain the buying rating; - J.P. Morgan: lowered the target price from $300 to $285 to maintain the buying rating; -Piper Sandler: lowered the target price from $330 to $280 to maintain the “overbearing” rating; - Citibank: lowered the target price from $330 to $325 to maintain the “overbearing” rating; - Citibank: lowered the target price from $350 to $300 to maintain the “overbearing” rating; - Citibank: lowered the target price from $350 to $300 to maintain the “overbearing” rating; - Citibank: lowered the target price from $350 to $300 to maintain the “overbearing” rating; - Citibank: lowered the target price from $350 to $300 to maintain the “overbearing” rating; - Citibank: lowered the target price from $350 to $300 to maintain the “overbearing” rating; $255, maintaining the holding rating; -Stifel: Lowering the target price from $290 to $250 to maintain the holding rating; -Loop Capital: Lowering the target price from $280 to $240.