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Investment analysts at Canaccord Genuity raised their target price on shares of Workday (NASDAQ:WDAY) from $105.00 to $110.00 in a note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price suggests a potential upside of 21.82% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Davidson initiated coverage on shares of Workday in a research note on Wednesday. They set a “neutral” rating on the stock. Separately, 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. Finally, 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. Thirteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $98.16.

Workday (NASDAQ:WDAY) traded down 3.00% during mid-day trading on Thursday, hitting $87.592. The stock had a trading volume of 2,432,266 shares. 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 $16.205 billion. Workday also was the recipient of unusually large options trading activity on Monday. Stock investors bought 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 announced its 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. Analysts expect that Workday will post $-0.54 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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