Should I buy or sell Workday stock right now?

33 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Workday in the last year. There are currently 1 sell rating, 7 hold ratings and 25 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" WDAY shares. View WDAY analyst ratings or view top-rated stocks .

What is Workday's stock price target for 2024?

33 brokerages have issued 12 month price targets for Workday's shares. Their WDAY share price targets range from $169.00 to $300.00. On average, they predict the company's stock price to reach $259.45 in the next twelve months. This suggests that the stock has a possible downside of 4.9%. View analysts price targets for WDAY or view top-rated stocks among Wall Street analysts .

How have WDAY shares performed in 2023?

Workday's stock was trading at $167.33 on January 1st, 2023. Since then, WDAY shares have increased by 63.1% and is now trading at $272.92. View the best growth stocks for 2023 here .

When is Workday's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 26th 2024. View our WDAY earnings forecast .

How were Workday's earnings last quarter?

Workday, Inc. (NASDAQ:WDAY) announced its quarterly earnings data on Tuesday, November, 28th. The software maker reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.12. The software maker earned $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. Workday had a net margin of 0.95% and a trailing twelve-month return on equity of 3.87%. Workday's revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 earnings per share.

What ETFs hold Workday's stock?

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) .

How will Workday's stock buyback program work?

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

What is Aneel Bhusri's approval rating as Workday's CEO?

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.

What other stocks do shareholders of Workday own?

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) .

Who are Workday's major shareholders?

Workday's stock is owned by a variety of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (2.70%), Wellington Management Group LLP (1.97%), FMR LLC (1.69%), Sustainable Growth Advisers LP (1.51%), Polen Capital Management LLC (1.51%) and Morgan Stanley (1.04%). 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 , Sayan Chakraborty , Zane Rowe and Zane Rowe . View institutional ownership trends .

How do I buy shares of Workday?

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. Compare Top Brokerages Here .

Does Workday have any subsidiaries?

The following companies are subsidiares of Workday: Adaptive Insights Co. Ltd., Adaptive Insights LLC, Adaptive Insights Ltd., Adaptive Insights Pty Ltd, Canada Workday ULC, Capa Clear Software, GridCraft, Identified, MediaCore, Pattern Technologies, Peakon, Platfora, Platfora Inc., Rallyteam, Rallyteam Inc., Rallyteam Software Solutions Inc., Scout RFP, Skipflag Inc., Stories, Tri-Valley Resellers LLC, Trusted Key, Upshot, Vineyard Sound LLC, Workday (Beijing) Co. Ltd, Workday (Beijing) Co. Ltd., Workday (NZ) Unlimited, Workday (Thailand) Co. Ltd., Workday (UK) Limited, Workday Adaptive Planning, Workday Asia Pacific Limited, Workday Australia Pty Ltd, Workday Australia Pty. Ltd., Workday Austria GmbH, Workday B.V., Workday Belgium SPRL, Workday CZ s.r.o, Workday Denmark Aps, Workday España SL, Workday Finland Oy, Workday France, Workday Global Inc., Workday GmbH, Workday India Private Limited, Workday International Limited, Workday Italy S.r.l., Workday K.K., Workday Korea Limited, Workday Limited, Workday Malaysia Sdn. Bhd., Workday Norway AS, Workday Polska sp. z.o.o, Workday Singapore Pte. Ltd., Workday South Africa (Pty) Ltd, Workday Sweden Aktiebolag, Workday Switzerland GmbH, Zaption, and Zaption Inc.. Read More

Most-Upgraded StocksMost-Upgraded

Workday Stock Price, News & Analysis (NASDAQ:WDAY)

$272.92

+2.20 (+0.81%)

(As of 12/1/2023 ET)

Compare

Today's Range: $266.28
▼
$273.63
50-Day Range: $205.14
▼
$272.92
52-Week Range: $157.85
▼
$273.63

Volume: 2.69 million shs
Average Volume: 1.89 million shs
Market Capitalization: $71.51 billion

P/E Ratio: 1,137.17
Dividend Yield: N/A
Price Target: $259.45

Workday MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.73 Rating Score
Upside/Downside: 4.9% Downside
$259.45 Price Target
Short Interest: Healthy
1.23% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.20
Upright™ Environmental Score
News Sentiment: 0.59
Based on 76 Articles This Week
Insider Trading: Selling Shares
$32.19 M Sold Last Quarter
Proj. Earnings Growth: 54.87%
From $1.13 to $1.75 Per Share

Overall MarketRank^™

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

2.62 out of 5 stars

Computer And Technology Sector

86th out of 594 stocks

Software - Application Industry

2nd out of 4 stocks

2.4

Analyst's Opinion

Consensus Rating
Workday has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 25 buy ratings, 7 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $259.45, Workday has a forecasted downside of 4.9% from its current price of $272.92.
Amount of Analyst Coverage
Workday has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
1.23% 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 1.9, 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 8.78%, 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.

2.5

News and Social Media Coverage

News Sentiment
Workday has a news sentiment score of 0.59. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 76 news articles for Workday this week, compared to 13 articles on an average week.
Search Interest
22 people have searched for WDAY on MarketBeat in the last 30 days. This is an increase of 1,000% compared to the previous 30 days.
MarketBeat Follows
Only 26 people have added Workday to their MarketBeat watchlist in the last 30 days. This is a decrease of -55% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Workday insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $32,193,350.00 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 54.87% in the coming year, from $1.13 to $1.75 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Workday is 1,137.17, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 116.73.
Price to Earnings Ratio vs. Sector
The P/E ratio of Workday is 1,137.17, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 249.41.
Price to Earnings Growth Ratio
Workday has a PEG Ratio of 9.05. 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 10.79. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Workday Stock (NASDAQ:WDAY)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

WDAY Stock News Headlines

November 29, 2023 | marketbeat.com

Workday works out a new high: Higher highs are still to come

Workday had a solid quarter leading to increased guidance, analyst revisions and a 10% pop in share prices that may lead to higher highs this year.

November 20, 2023 | marketbeat.com

The most upgraded stocks in November have two things in common (WDAY)

Marketbeat's most upgraded Stocks list is a who's who of tech names able to monetize AI today; they all report earnings soon and may catalyze their markets.

December 3, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

December 1, 2023 | seekingalpha.com

Workday's Strategic Growth: An Analysis Of Fiscal Year Q3, 2024 Performance

November 30, 2023 | seekingalpha.com

Workday: Early Renewals Support Growth In 2024

November 30, 2023 | realmoney.thestreet.com

Workday price target raised to $299 from $284 at Bernstein

November 30, 2023 | forbes.com

Workday Shares Hit New 52-Week High After Q3 Results Show Steady Demand

November 30, 2023 | finance.yahoo.com

Dollar Tree, Salesforce, Foot Locker: Earnings winners, losers

December 3, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 30, 2023 | seekingalpha.com

Workday: A Strong Q3 Report, But Not Enough To Impress Long-Term Investors

November 30, 2023 | benzinga.com

Workday's Options Frenzy: What You Need to Know

November 30, 2023 | seekingalpha.com

Workday Fiscal Q3 Earnings: Resilient Business, Priced At 37x Forward FCF

November 30, 2023 | finance.yahoo.com

Workday Co-CEO to Keynote the Barclays Global Technology Conference on December 6, 2023