Davidson Initiates Coverage on Workday (WDAY)
Workday (NASDAQ:WDAY) traded down 0.53% on Wednesday, hitting $90.30. 2,600,279 shares of the company’s stock traded hands. Workday has a 1-year low of $64.21 and a 1-year high of $116.47. The stock has a 50-day moving average of $83.53 and a 200-day moving average of $85.62. The company’s market cap is $16.705 billion. Workday also saw some unusual options trading activity on Monday. Investors purchased 3,199 put options on the stock. This is an increase of 262% compared to the typical daily volume of 884 put options.
WDAY has been the subject of a number of other recent research reports. Analysts at DA Davidson initiated coverage on shares of Workday in a research note on Tuesday. They set a “neutral” rating and a $89.00 price target on the stock. Separately, analysts at Cantor Fitzgerald initiated coverage on shares of Workday in a research note on Tuesday, August 12th. They set a “buy” rating on the stock. Finally, analysts at Burke & Quick initiated coverage on shares of Workday in a research note on Friday, July 25th. They set an “outperform” rating and a $93.00 price target on the stock. Thirteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Workday presently has a consensus rating of “Hold” and an average price target of $96.13.
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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