Wedbush Increases Workday Price Target to $133.00 (WDAY)
Wedbush hoisted their target price on shares of Workday (NASDAQ:WDAY) from $103.00 to $133.00 in a research note issued on Thursday, Analyst Ratings Network.com reports. Wedbush’s price objective indicates a potential upside of 32.54% from the stock’s previous close.
A number of other firms have also recently commented on WDAY. Analysts at BMO Capital Markets raised their price target on shares of Workday from $85.00 to $92.00 in a research note on Thursday. Separately, analysts at Robert W. Baird raised their price target on shares of Workday from $90.00 to $110.00 in a research note on Thursday. Finally, 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. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $103.70.
Shares of Workday (NASDAQ:WDAY) traded up 12.23% during mid-day trading on Thursday, hitting $112.54. 2,824,055 shares of the company’s stock traded hands. Workday has a one year low of $54.19 and a one year 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 $19.672 billion.
Workday (NASDAQ:WDAY) last announced its earnings results on Wednesday, February 26th. The company reported ($0.13) EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted ($0.16) earnings per share. The company’s quarterly revenue was up 74.1% on a year-over-year basis. Analysts expect that Workday will post $-0.57 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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