Workday - WDAY Stock Forecast, Price & News

29 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Workday in the last twelve months. There are currently 9 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" WDAY shares.
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29 Wall Street analysts have issued twelve-month price targets for Workday's shares. Their WDAY share price forecasts range from $142.00 to $325.00. On average, they predict the company's share price to reach $214.31 in the next year. This suggests a possible upside of 25.8% from the stock's current price.
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Workday's stock was trading at $273.18 on January 1st, 2022. Since then, WDAY stock has decreased by 37.6% and is now trading at $170.33.
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Workday saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 4,440,000 shares, a drop of 23.8% from the October 31st total of 5,830,000 shares. Based on an average daily volume of 2,530,000 shares, the days-to-cover ratio is presently 1.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
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Workday, Inc. (NASDAQ:WDAY) announced its quarterly earnings data on Tuesday, November, 29th. The software maker reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.15. The software maker had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. Workday had a negative trailing twelve-month return on equity of 2.11% and a negative net margin of 5.29%. The firm's quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 earnings per share.

Workday announced that its Board of Directors has initiated a share buyback program on Tuesday, November 29th 2022, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 1.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Workday updated its fourth quarter 2023 earnings guidance on Wednesday, November, 30th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.63 billion-$1.63 billion, compared to the consensus revenue estimate of $1.65 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 variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (5.01%), BlackRock Inc. (4.59%), Baillie Gifford & Co. (2.86%), State Street Corp (1.63%), Sustainable Growth Advisers LP (1.41%) and The Manufacturers Life Insurance Company (1.27%). 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 A Stankey, Michael M Mcnamara, Michael M Mcnamara, Petros Dermetzis, Richard Harry Sauer and Robynne Sisco.
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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 $170.33.

Workday (NASDAQ:WDAY) has a market capitalization of $43.60 billion and generates $5.14 billion in revenue each year. The software maker earns $29.37 million in net income (profit) each year or ($1.24) on an earnings per share basis.

The company employs 15,200 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.