Workday Price Target Increased to $90.00 by Analysts at Canaccord Genuity (WDAY)
Equities research analysts at Canaccord Genuity hoisted their price target on shares of Workday (NASDAQ:WDAY) from $85.00 to $90.00 in a research note issued to investors on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 15.43% from the stock’s previous close. The analysts noted that the move was a valuation call.
Shares of Workday (NASDAQ:WDAY) traded up 0.97% during mid-day trading on Wednesday, hitting $77.78. The stock had a trading volume of 792,092 shares. Workday has a 52 week low of $45.05 and a 52 week high of $78.22. The stock’s 50-day moving average is $72.92 and its 200-day moving average is $65.39. The company’s market cap is $13.485 billion.
Workday (NASDAQ:WDAY) last released its earnings data on Tuesday, August 27th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.05. The company had revenue of $107.60 million for the quarter, compared to the consensus estimate of $100.50 million. During the same quarter in the previous year, the company posted ($0.71) earnings per share. The company’s revenue for the quarter was up 71.6% on a year-over-year basis. On average, analysts predict that Workday will post $-0.63 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets raised their price target on shares of Workday (NASDAQ:WDAY) from $64.00 to $71.00 in a research note to investors on Wednesday. They now have a “market perform” rating on the stock. Separately, analysts at Wedbush raised their price target on shares of Workday (NASDAQ:WDAY) from $84.00 to $86.00 in a research note to investors on Wednesday, August 28th. They now have an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Workday (NASDAQ:WDAY) from $56.00 to $70.00 in a research note to investors on Wednesday, August 28th. They now have a “neutral” rating on the stock.
Seventeen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $74.26.
In other Workday news, COO Michael A. Stankey sold 13,344 shares of Workday stock on the open market in a transaction dated Thursday, September 5th. The shares were sold at an average price of $73.45, for a total value of $980,116.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Workday, Inc is a provider of enterprise cloud-based applications for human capital management (NASDAQ:WDAY), payroll, financial management, time tracking, procurement and employee expense management.
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