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Workday (NASDAQ:WDAY)‘s stock had its “outperform” rating reiterated by equities researchers at Pacific Crest in a research report issued on Thursday, American Banking and Market News reports. They currently have a $116.00 price objective on the stock. Pacific Crest’s target price would indicate a potential upside of 0.05% from the stock’s previous close.

Shares of Workday (NASDAQ:WDAY) traded up 15.15% during mid-day trading on Thursday, hitting $115.47. The stock had a trading volume of 6,438,997 shares. Workday has a 52-week low of $54.76 and a 52-week high of $116.47. The stock’s 50-day moving average is $93.40 and its 200-day moving average is $82.16. The company’s market cap is $20.184 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. On average, analysts predict that Workday will post $-0.57 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on WDAY. Analysts at FBR Capital Markets upgraded shares of Workday from a “market perform” rating to an “outperform” rating in a research note on Thursday. They now have a $150.00 price target on the stock, up previously from $84.00. Separately, analysts at UBS AG raised their price target on shares of Workday from $116.00 to $121.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Workday from $92.00 to $116.00 in a research note on Tuesday. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $104.84.

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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