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Research analysts at Barclays cut their target price on shares of Workday (NASDAQ:WDAY) from $97.00 to $83.00 in a report released on Friday. Barclays’ target price indicates a potential upside of 8.03% from the stock’s previous close.

Shares of Workday (NASDAQ:WDAY) opened at 76.83 on Friday. Workday has a one year low of $59.87 and a one year high of $116.47. The stock has a 50-day moving average of $74.72 and a 200-day moving average of $85.15. The company’s market cap is $14.137 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 $-0.55 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on WDAY. Analysts at Goldman Sachs reiterated a “neutral” rating on shares of Workday in a research note on Thursday, May 15th. They now have a $79.00 price target on the stock, down previously from $99.00. Separately, analysts at Ned Davis Research upgraded shares of Workday from a “sell” rating to a “neutral” rating in a research note on Monday, May 12th. Finally, analysts at Robert W. Baird cut their price target on shares of Workday from $110.00 to $95.00 in a research note on Wednesday, April 16th. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $102.52.

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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