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Equities researchers at BMO Capital Markets upped their target price on shares of Workday (NASDAQ:WDAY) from $83.00 to $100.00 in a research report issued on Thursday. BMO Capital Markets’ target price points to a potential upside of 10.74% from the stock’s previous close.

Workday (NASDAQ:WDAY) traded down 4.88% on Thursday, hitting $85.89. 4,426,488 shares of the company’s stock traded hands. Workday has a 52-week low of $64.21 and a 52-week high of $116.47. The stock’s 50-day moving average is $83.77 and its 200-day moving average is $85.65. The company’s market cap is $15.890 billion. Workday also was the recipient of unusually large options trading activity on Monday. Stock investors acquired 3,199 put options on the stock. This is an increase of 262% compared to the average 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 (EPS) for the quarter, beating the 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 in the previous year, the company posted ($0.13) earnings per share. The company’s revenue for the quarter was up 73.6% on a year-over-year basis. On average, analysts predict that Workday will post $-0.54 earnings per share for the current fiscal year.

WDAY has been the subject of a number of other recent research reports. Analysts at Wedbush raised their price target on shares of Workday from $96.00 to $106.00 in a research note on Thursday. Separately, analysts at Barclays raised their price target on shares of Workday from $83.00 to $89.00 in a research note on Thursday. They now have an “equal weight” rating on the stock. Finally, analysts at Cantor Fitzgerald raised their price target on shares of Workday from $108.00 to $121.00 in a research note on Thursday. They now have a “buy” rating on the stock. Twelve analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $98.84.

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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