Workday (WDAY) Stock Forecast, Price & News

35 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Workday in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 25 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" WDAY shares.
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35 brokerages have issued 12 month price targets for Workday's stock. Their WDAY share price forecasts range from $169.00 to $295.00. On average, they expect the company's stock price to reach $245.09 in the next year. This suggests a possible upside of 17.4% from the stock's current price.
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Workday's stock was trading at $167.33 at the beginning of the year. Since then, WDAY stock has increased by 24.8% and is now trading at $208.85.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 5th 2023.
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Workday, Inc. (NASDAQ:WDAY) announced its earnings results on Thursday, August, 24th. The software maker reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.17. The software maker had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.77 billion. Workday had a positive trailing twelve-month return on equity of 2.09% and a negative net margin of 1.81%. The firm's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.16) EPS.

ETFs with the largest weight of Workday (NASDAQ:WDAY) stock in their portfolio include Invesco Dynamic Software ETF (PSJ), ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA), Fidelity Disruptive Technology ETF (FDTX), Direxion Daily Cloud Computing Bull 2x (CLDL), Global X Cloud Computing ETF (CLOU), Sterling Capital Focus Equity ETF (LCG), Goldman Sachs Future Tech Leaders Equity ETF (GTEK) and Fidelity Cloud Computing ETF (FCLD).

Workday declared that its board has initiated a share repurchase program on Tuesday, November 29th 2022, which authorizes the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 1.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Workday updated its third quarter 2024 earnings guidance on Thursday, August, 24th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.84 billion-$1.84 billion, compared to the consensus revenue estimate of $1.84 billion.

994 employees have rated Workday Chief Executive Officer Aneel Bhusri on Glassdoor.com. Aneel Bhusri has an approval rating of 95% among the company's employees. This puts Aneel Bhusri in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Workday investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Micron Technology (MU), Athabasca Oil (ATH), NVIDIA (NVDA), Aegean Marine Petroleum Network (ANW), Salesforce (CRM) and NIC (EGOV).

Workday trades on the NASDAQ under the ticker symbol "WDAY."

Workday's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.72%), Baillie Gifford & Co. (2.75%), State Street Corp (1.65%), Sustainable Growth Advisers LP (1.59%), Franklin Resources Inc. (1.13%) and The Manufacturers Life Insurance Company (0.93%). Insiders that own company stock include Aneel Bhusri, Barbara A Larson, Carl M Eschenbach, Christa Davies, David A Duffield, Douglas A Robinson, George J Still Jr, Gomez Luciano Fernandez, James Bozzini, Michael M Mcnamara, Richard Harry Sauer, Robynne Sisco and Sayan Chakraborty.
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Shares of WDAY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WDAY stock can currently be purchased for approximately $208.85.

Workday (NASDAQ:WDAY) has a market capitalization of $54.72 billion and generates $6.22 billion in revenue each year. The software maker earns $-366,750,000.00 in net income (profit) each year or ($0.48) on an earnings per share basis.

The company employs 17,744 workers across the globe.

Workday's mailing address is 6110 STONERIDGE MALL ROAD, PLEASANTON CA, 94588. The official website for the company is www.workday.com. The software maker can be reached via phone at (925) 951-9000 or via email at ir@workday.com.