Workday PT Raised to $97.00 (WDAY)
Barclays boosted their price target on shares of Workday (NASDAQ:WDAY) from $89.00 to $97.00 in a research note issued on Thursday, Analyst Ratings.Net reports. Barclays’ price objective suggests a potential downside of 3.34% from the stock’s previous close.
A number of other analysts have also recently weighed in on WDAY. 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. Separately, analysts at Canaccord Genuity raised their price target on shares of Workday from $105.00 to $115.00 in a research note on Thursday. They now have a “buy” rating on the stock. Finally, analysts at JMP Securities raised their price target on shares of Workday from $82.00 to $126.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $103.70.
Shares of Workday (NASDAQ:WDAY) traded up 12.20% on Thursday, hitting $112.51. 2,826,895 shares of the company’s stock traded hands. Workday has a 1-year low of $54.19 and a 1-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 $19.667 billion.
Workday (NASDAQ:WDAY) last posted its quarterly 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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