Robert W. Baird Increases Workday Price Target to $110.00 (WDAY)
Stock analysts at Robert W. Baird hoisted their price objective on shares of Workday (NASDAQ:WDAY) from $90.00 to $110.00 in a report issued on Thursday, ARN reports. Robert W. Baird’s price objective suggests a potential upside of 9.62% from the stock’s previous close.
A number of other analysts have also recently weighed in on WDAY. Analysts at JPMorgan Chase & Co. raised their price target on shares of Workday from $77.00 to $103.00 in a research note on Thursday. Separately, analysts at Barclays raised their price target on shares of Workday from $89.00 to $97.00 in a research note on Thursday. Finally, analysts at Citigroup Inc. reiterated an “outperform” rating on shares of Workday in a research note on Thursday. They now have a $104.00 price target on the stock, up previously from $85.00. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $103.70.
Shares of Workday (NASDAQ:WDAY) traded up 12.24% on Thursday, hitting $112.556. 2,824,195 shares of the company’s stock traded hands. Workday has a 52-week low of $54.19 and a 52-week high of $102.26. The stock’s 50-day moving average is $92.63 and its 200-day moving average is $81.92. The company’s market cap is $19.675 billion.
Workday (NASDAQ:WDAY) last announced its earnings results on Wednesday, February 26th. The company reported ($0.13) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.16) by $0.03. The company had revenue of $141.90 million for the quarter, compared to the consensus estimate of $137.91 million. During the same quarter last year, the company posted ($0.16) earnings per share. Workday’s revenue was up 74.1% compared to the same quarter last year. On average, analysts predict that Workday will post $-0.57 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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