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Wedbush increased their price target on shares of Workday (NASDAQ:WDAY) to $106.00 in a research note issued on Thursday. Wedbush’s target price would suggest a potential upside of 17.39% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Workday in a research note on Thursday. They now have a $89.00 price target on the stock, up previously from $83.00. Separately, analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Workday in a research note on Thursday. They now have a $121.00 price target on the stock, up previously from $108.00. Finally, analysts at Robert W. Baird raised their price target on shares of Workday from $95.00 to $100.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Thirteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $98.16.

Shares of Workday (NASDAQ:WDAY) traded down 2.20% during mid-day trading on Thursday, hitting $88.315. The stock had a trading volume of 2,073,433 shares. 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 $16.338 billion. Workday also was the target of unusually large options trading on Monday. Stock investors bought 3,199 put options on the stock. This is an increase of approximately 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. 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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