Workday (WDAY) Stock Forecast, Price & News

29 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Workday in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WDAY shares.
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29 equities research analysts have issued 12-month price targets for Workday's stock. Their WDAY share price forecasts range from $142.00 to $260.00. On average, they expect the company's share price to reach $223.44 in the next year. This suggests a possible upside of 3.8% from the stock's current price.
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Workday's stock was trading at $167.33 at the start of the year. Since then, WDAY shares have increased by 28.6% and is now trading at $215.21.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023.
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Workday, Inc. (NASDAQ:WDAY) released its quarterly earnings data on Thursday, May, 25th. The software maker reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.19. The software maker earned $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. Workday had a negative net margin of 4.09% and a negative trailing twelve-month return on equity of 0.44%. Workday's quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.17) earnings per share.

ETFs with the largest weight of Workday (NASDAQ:WDAY) stock in their portfolio include Global X Cloud Computing ETF (CLOU), Sterling Capital Focus Equity ETF (LCG), Direxion Daily Cloud Computing Bull 2x (CLDL), Harbor Disruptive Innovation ETF (INNO), Fidelity Cloud Computing ETF (FCLD), First Trust Long/Short Equity ETF (FTLS), Hartford Large Cap Growth ETF (HFGO) and First Trust NASDAQ 100 Technology Index Fund (QTEC).

Workday declared that its Board of Directors has authorized a stock buyback plan on Tuesday, November 29th 2022, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 1.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Workday issued an update on its second quarter 2024 earnings guidance on Sunday, June, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.77 billion-$1.77 billion, compared to the consensus revenue estimate of $1.77 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (4.78%), Baillie Gifford & Co. (2.83%), JPMorgan Chase & Co. (2.30%), FMR LLC (1.73%), State Street Corp (1.65%) and Wellington Management Group LLP (1.47%). Insiders that own company stock include Aneel Bhusri, Barbara A Larson, Christa Davies, David A Duffield, Douglas A Robinson, George J Still Jr, Gomez Luciano Fernandez, James Bozzini, Michael M Mcnamara, 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 $215.21.

Workday (NASDAQ:WDAY) has a market capitalization of $56.17 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 ($1.03) 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.