Workday PT Lowered to $100.00 (WDAY)
Equities researchers at Susquehanna lowered their price objective on shares of Workday (NASDAQ:WDAY) from $110.00 to $100.00 in a research report issued on Wednesday. Susquehanna’s price objective suggests a potential upside of 21.76% from the stock’s previous close.
A number of other analysts have also recently weighed in on WDAY. Analysts at ING Group cut their price target on shares of Workday from $100.00 to $90.00 in a research note on Wednesday. Separately, analysts at Goldman Sachs raised their price target on shares of Workday from $79.00 to $90.00 in a research note on Wednesday. Finally, analysts at BMO Capital Markets raised their price target on shares of Workday from $72.00 to $83.00 in a research note on Wednesday. They now have a “market perform” rating on the stock. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $97.19.
Workday (NASDAQ:WDAY) traded up 2.67% during mid-day trading on Wednesday, hitting $84.32. 7,136,562 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 $15.515 billion. Workday also was the target of some unusual options trading on Tuesday. Stock traders purchased 7,457 put options on the company. This represents an increase of approximately 198% compared to the typical volume of 2,501 put options.
Workday (NASDAQ:WDAY) last released its earnings data on Tuesday, May 27th. The company reported ($0.13) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.15) earnings per share. Workday’s revenue was up 74.3% compared to the same quarter last year. 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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