Workday Price Target Raised to $83.00 at BMO Capital Markets (WDAY)
Equities research analysts at BMO Capital Markets increased their target price on shares of Workday (NASDAQ:WDAY) from $72.00 to $83.00 in a research note issued to investors on Wednesday. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 1.06% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at FBR Capital Markets cut their price target on shares of Workday from $150.00 to $110.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Workday in a research note on Wednesday. They now have a $105.00 price target on the stock, down previously from $115.00. Finally, analysts at B. Riley reiterated a “neutral” rating on shares of Workday in a research note on Tuesday. They now have a $82.00 price target on the stock, down previously from $107.00. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $99.54.
Shares of Workday (NASDAQ:WDAY) traded up 0.47% on Wednesday, hitting $82.52. 3,887,318 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 $15.184 billion. Workday also was the recipient of some unusual options trading activity on Tuesday. Traders purchased 7,457 put options on the company. This is an increase of 198% compared to the average daily volume of 2,501 put options.
Workday (NASDAQ:WDAY) last released its earnings data 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.