NASDAQ:WDAY

Workday (WDAY) Stock Forecast, Price & News

$230.81

+1.57 (+0.68%)

(As of 09/27/2023 ET)

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Today's Range: $227.02
▼
$233.81
50-Day Range: $222.32
▼
$252.21
52-Week Range: $128.72
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$252.72

Volume: 2.31 million shs
Average Volume: 1.92 million shs
Market Capitalization: $60.47 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $247.06

Workday MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.69 Rating Score
Upside/Downside: 7.0% Upside
$247.06 Price Target
Short Interest: Healthy
1.37% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.20
Upright™ Environmental Score
News Sentiment: 0.93
Based on 28 Articles This Week
Insider Trading: Selling Shares
$31.32 M Sold Last Quarter
Proj. Earnings Growth: 77.63%
From $0.76 to $1.35 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.77 out of 5 stars

Computer And Technology Sector

87th out of 604 stocks

Data Processing & Preparation Industry

5th out of 60 stocks

2.3

Analyst's Opinion

Consensus Rating
Workday has received a consensus rating of Moderate Buy. The company's average rating score is 2.69, and is based on 25 buy ratings, 9 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $247.06, Workday has a forecasted upside of 7.0% from its current price of $230.81.
Amount of Analyst Coverage
Workday has been the subject of 24 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
1.37% of the outstanding shares of Workday have been sold short.
Short Interest Ratio / Days to Cover
Workday has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Workday has recently decreased by 10.25%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Workday does not currently pay a dividend.
Dividend Growth
Workday does not have a long track record of dividend growth.

3.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Workday has received a 46.47% net impact score from Upright. Workday seems to create the most significant positive value in categories "Taxes", "Distributing knowledge", and "Jobs". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "Outsourcing platforms", "Payroll management software", and "Online human resources training software" products. See details.
Environmental Sustainability
The Environmental Impact score for Workday is -0.20.

3.3

News and Social Media Coverage

News Sentiment
Workday has a news sentiment score of 0.93. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.71 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 28 news articles for Workday this week, compared to 10 articles on an average week.
Search Interest
Only 14 people have searched for WDAY on MarketBeat in the last 30 days. This is a decrease of -58% compared to the previous 30 days.
MarketBeat Follows
111 people have added Workday to their MarketBeat watchlist in the last 30 days. This is an increase of 825% compared to the previous 30 days.

5.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Workday insiders have sold 1,401.47% more of their company's stock than they have bought. Specifically, they have bought $2,086,057.00 in company stock and sold $31,321,443.00 in company stock.
Percentage Held by Insiders
21.09% of the stock of Workday is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
68.46% of the stock of Workday is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Workday are expected to grow by 77.63% in the coming year, from $0.76 to $1.35 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Workday is -480.85, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Workday is -480.85, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Workday has a PEG Ratio of 10.95. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Workday has a P/B Ratio of 9.64. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Workday (NASDAQ:WDAY) Stock

Workday, Inc. provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. The company offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations. It also provides spend management solutions that helps organizations to streamline supplier selection and contracts, manage indirect spend, and build and execute sourcing events, such as requests for proposals; and human capital management solution, a suite of human capital management applications that allows organizations to manage the entire employee lifecycle from recruitment to retirement, and enables HR teams to hire, onboard, pay, develop, reskill, and provide employee experiences. In addition, the company offers applications for planning; and applications for analytics and reporting comprising augmented analytics to surface insights to the line of business in simple-to-understand stories, machine learning to drive efficiency and automation, and benchmarks to compare performance against other companies. It serves professional and business services, financial services, healthcare, education, government, technology, media, retail, and hospitality industries. The company has a partnership with Accenture to develop a suite of data-led and composable finance solutions. The company was formerly known as North Tahoe Power Tools, Inc. and changed its name to Workday, Inc. in July 2005. Workday, Inc. was incorporated in 2005 and is headquartered in Pleasanton, California.

WDAY Price History

30 days | 90 days | 365 days | Advanced Chart

WDAY Stock News Headlines

August 28, 2023 | marketbeat.com

3 Reasons Workday Stock Is Setting Up For A New Rally

Workday's stock jumped 5.38% as it delivered impressive results, driven by AI integration and a robust earnings outlook. It's showing bullish chart action.