Workday - WDAY Stock Forecast, Price & News

33 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Workday in the last year. There are currently 1 sell rating, 10 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" WDAY shares.
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33 equities research analysts have issued 1-year price objectives for Workday's stock. Their WDAY share price forecasts range from $142.00 to $300.00. On average, they anticipate the company's stock price to reach $213.72 in the next year. This suggests a possible upside of 12.6% 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 shares have increased by 13.5% and is now trading at $189.87.
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Workday saw a decline in short interest in February. As of February 28th, there was short interest totaling 4,060,000 shares, a decline of 15.4% from the February 13th total of 4,800,000 shares. Based on an average daily trading volume, of 2,010,000 shares, the days-to-cover ratio is currently 2.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 25th 2023.
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Workday, Inc. (NASDAQ:WDAY) issued its quarterly earnings results on Monday, February, 27th. The software maker reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.10. The software maker earned $1.65 billion during the quarter, compared to analyst estimates of $1.63 billion. Workday had a negative net margin of 5.90% and a negative trailing twelve-month return on equity of 1.96%. The business's revenue was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.20) EPS.

ETFs with the largest weight of Workday (NASDAQ:WDAY) stock in their portfolio include Global X Cloud Computing ETF (CLOU), Direxion Daily Cloud Computing Bull 2x (CLDL), Sterling Capital Focus Equity ETF (LCG), Harbor Disruptive Innovation ETF (INNO), Fidelity Cloud Computing ETF (FCLD), First Trust Dow Jones Internet Index Fund (FDN), Hartford Large Cap Growth ETF (HFGO) and Janus Henderson US Sustainable Equity ETF (SSPX).

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

Workday issued an update on its first quarter 2024 earnings guidance on Monday, February, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.67 billion-$1.67 billion, compared to the consensus revenue estimate of $1.70 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 institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (2.85%), Sustainable Growth Advisers LP (1.56%), The Manufacturers Life Insurance Company (1.55%), Norges Bank (1.40%), Franklin Resources Inc. (1.04%) and Bares Capital Management Inc. (0.93%). 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, 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 $189.87.

Workday (NASDAQ:WDAY) has a market capitalization of $49.18 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 ($1.44) 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.