Workday Stock Price Up 5.4% on Analyst Upgrade (WDAY)
Workday (NASDAQ:WDAY)’s share price traded up 5.4% on Friday after BMO Capital Markets raised their price target on the stock from $83.00 to $100.00, Stock Ratings Network.com reports. The company traded as high as $91.55 and last traded at $90.53, with a volume of 1,976,561 shares traded. The stock had previously closed at $85.89.
A number of other firms have also recently commented on WDAY. 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 research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Workday currently has a consensus rating of “Hold” and a consensus target price of $98.84.
The stock has a 50-day moving average of $83.88 and a 200-day moving average of $85.65. The company’s market cap is $16.683 billion. Workday also was the target of unusually large options trading on Tuesday. Stock traders acquired 19,874 call options on the stock. This is an increase of 734% compared to the typical volume of 2,382 call options.
Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Wednesday, August 27th. The company reported ($0.11) EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.13) earnings per share. The company’s quarterly revenue was up 73.6% on a year-over-year basis. On average, analysts predict that Workday will post $-0.42 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.
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