Workday Receives Buy Rating from Cantor Fitzgerald (WDAY)
Workday (NASDAQ:WDAY)‘s stock had its “buy” rating reissued by stock analysts at Cantor Fitzgerald in a report issued on Thursday. They currently have a $121.00 price target on the stock, up from their previous price target of $108.00. Cantor Fitzgerald’s price objective points to a potential upside of 34.00% from the stock’s previous close.
A number of other analysts have also recently weighed in on WDAY. 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. Separately, analysts at Canaccord Genuity raised their price target on shares of Workday from $105.00 to $110.00 in a research note on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Davidson initiated coverage on shares of Workday in a research note on Wednesday. They set a “neutral” rating on the stock. Thirteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $97.76.
Workday (NASDAQ:WDAY) traded down 2.10% on Thursday, hitting $88.40. The stock had a trading volume of 1,344,525 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 $16.354 billion. Workday also was the target of unusually large options trading on Monday. Stock investors purchased 3,199 put options on the company. This is an increase of approximately 262% compared to the average daily volume of 884 put options.
Workday (NASDAQ:WDAY) last released its earnings data 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.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.