Workday Rating Increased to Buy at UBS AG (WDAY)
Workday (NASDAQ:WDAY) was upgraded by research analysts at UBS AG from a “neutral” rating to a “buy” rating in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $100.00 target price on the stock, up from their previous target price of $87.00. UBS AG’s price target points to a potential upside of 13.47% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie initiated coverage on shares of Workday in a research note to investors on Friday, December 6th. They set a “neutral” rating and a $85.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Workday from $86.00 to $90.00 in a research note to investors on Tuesday, November 26th. Finally, analysts at Susquehanna raised their price target on shares of Workday from $71.00 to $80.00 in a research note to investors on Tuesday, November 26th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Workday currently has a consensus rating of “Hold” and a consensus price target of $82.06.
In other Workday news, COO Michael Stankey unloaded 13,344 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $81.76, for a total transaction of $1,091,005.44. Following the sale, the chief operating officer now directly owns 106,345 shares of the company’s stock, valued at approximately $8,694,767. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Workday (NASDAQ:WDAY) traded up 4.18% during mid-day trading on Tuesday, hitting $88.13. 2,768,067 shares of the company’s stock traded hands. Workday has a 1-year low of $50.04 and a 1-year high of $85.37. The stock has a 50-day moving average of $79.85 and a 200-day moving average of $75.52. The company’s market cap is $15.405 billion.
Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Monday, November 25th. The company reported ($0.12) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.17) by $0.05. The company had revenue of $127.90 million for the quarter, compared to the consensus estimate of $117.68 million. During the same quarter last year, the company posted ($0.39) earnings per share. Workday’s revenue was up 76.2% compared to the same quarter last year. Analysts expect that Workday will post $-0.56 EPS for the current fiscal year.
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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