Workday's (NASDAQ: WDAY) stock price has risen 35% over the past 12 months as the cloud-based human capital management (HCM) services provider impressed investors with its stable growth and rising margins in a tough macro environment. Back in late August, I said Workday's stock still had room to run and looked reasonably valued relative to its growth potential. Let's review this green flag and red flag for Workday's future, and see if its stock is still a worthwhile long-term investment.
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