Workday Inc WTAG Shares fell late Monday after the company reported fourth-quarter results. The stock rebounds Tuesday morning after positive analyst updates from several companies.

• Income Q4: $1.65 billion surpassed the estimate of $1.63 billion
• Earnings per share Q4: Beat $0.99 Estimates of $0.91

Workday said it had a 24-month revenue lag of $9.68 billion, up 21.3% year over year.

“Despite the unpredictable environment, our amazing people and unique approach to embedding artificial intelligence and machine learning at the core of our platform keep us well-positioned to power the future of work for our 10,000+ customers,” said Aneel BhusriCo-Founder, Chairman, and Co-CEO of Workday.

In fiscal 2024, Workday plans to “double down” on strategic growth areas by investing in its customer base, focusing on key industries, evolving and investing in its partner ecosystem, and focusing on innovation. The company noted that it expects the environment to “remain uncertain in the near term.”

working day maintained its guidance for fiscal 2024 subscription revenue of $6.525 billion to $6.575 billion and increased its operating margin guidance to 23%.

See also: Nasdaq, S&P 500 futures flatline before housing, consumer data: Analyst pins hopes on dollar and Fed rates to keep flickering rally hopes alive

Analyst Rating: Several analysts adjusted price targets for the stock following the company’s quarterly results.

• Piper Sandler analyst Brent Bracelin kept Workday at an overweight stance, increasing the price target to $215 from $184.
• Barclays analyst Raimo Lenschow kept Workday at an overweight position, lowering its price target to $216 from $220.
• Baird analyst Mark Marcon endorsed Workday as an outperformer and lowered the price target to $220 from $223.
• Mizuho analyst Siti Panigrahi kept Workday with a buy, raising the price target to $225 from $200.
• Morgan Stanley analyst Keith Weiss…