Wedbush Increases Workday Price Target to $96.00 (WDAY)
Investment analysts at Wedbush boosted their price objective on shares of Workday (NASDAQ:WDAY) from $86.00 to $96.00 in a note issued to investors on Wednesday. Wedbush’s target price would suggest a potential upside of 16.89% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Susquehanna cut their price target on shares of Workday from $110.00 to $100.00 in a research note on Wednesday. Separately, analysts at ING Group cut their price target on shares of Workday from $100.00 to $90.00 in a research note on Wednesday. Finally, analysts at Goldman Sachs raised their price target on shares of Workday from $79.00 to $90.00 in a research note on Wednesday. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Workday presently has an average rating of “Hold” and an average price target of $97.19.
Shares of Workday (NASDAQ:WDAY) traded up 2.65% during mid-day trading on Wednesday, hitting $84.31. 7,135,762 shares of the company’s stock traded hands. Workday has a 52 week low of $59.87 and a 52 week high of $116.47. The stock’s 50-day moving average is $74.50 and its 200-day moving average is $85.40. The company’s market cap is $15.513 billion. Workday also was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 7,457 put options on the stock. This represents an increase of approximately 198% compared to the average volume of 2,501 put options.
Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, May 27th. The company reported ($0.13) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.15) by $0.02. The company had revenue of $159.70 million for the quarter, compared to the consensus estimate of $152.42 million. During the same quarter in the prior year, the company posted ($0.15) earnings per share. The company’s quarterly revenue was up 74.3% on a year-over-year basis. Analysts expect that Workday will post $-0.55 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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