Workday Price Target Raised to $105.00 at Canaccord Genuity (WDAY)
Investment analysts at Canaccord Genuity lifted their price objective on shares of Workday (NASDAQ:WDAY) from $90.00 to $105.00 in a note issued to investors on Friday, Analyst RN reports. Canaccord Genuity’s price objective would suggest a potential upside of 11.70% from the company’s current price.
In other Workday news, Director George Still, Jr. sold 30,000 shares of the stock on the open market in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the transaction, the director now directly owns 4,402 shares of the company’s stock, valued at approximately $396,180. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at UBS AG upgraded shares of Workday from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, January 7th. They now have a $100.00 price target on the stock, up previously from $87.00. Separately, 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. Finally, 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. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $82.81.
Shares of Workday (NASDAQ:WDAY) opened at 94.00 on Friday. Workday has a 52-week low of $50.04 and a 52-week high of $94.21. The stock’s 50-day moving average is $83.30 and its 200-day moving average is $76.86. The company’s market cap is $16.431 billion.
Workday (NASDAQ:WDAY) last released its earnings data on Monday, November 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the 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. On average, analysts predict that Workday will post $-0.56 earnings per share 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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