Workday Given New $100.00 Price Target at Robert W. Baird (WDAY)
Investment analysts at Robert W. Baird upped their price target on shares of Workday (NASDAQ:WDAY) from $95.00 to $100.00 in a note issued to investors on Thursday. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s target price suggests a potential upside of 10.74% from the stock’s previous close.
Workday (NASDAQ:WDAY) opened at 90.30 on Thursday. Workday has a 52 week low of $64.21 and a 52 week high of $116.47. The stock has a 50-day moving average of $83.77 and a 200-day moving average of $85.65. The company’s market cap is $16.705 billion. Workday also was the recipient of some unusual options trading on Monday. Stock investors bought 3,199 put options on the stock. This is an increase of 262% compared to the average daily volume of 884 put options.
Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Wednesday, August 27th. The company reported ($0.11) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.14) by $0.03. The company had revenue of $186.80 million for the quarter, compared to the consensus estimate of $177.31 million. During the same quarter last year, the company posted ($0.13) earnings per share. Workday’s revenue was up 73.6% compared to the same quarter last year. On average, analysts predict that Workday will post $-0.54 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Workday from $105.00 to $110.00 in a research note on Thursday. Separately, analysts at Davidson initiated coverage on shares of Workday in a research note on Wednesday. They set a “neutral” rating on the stock. Finally, 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. Thirteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $96.54.
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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