Workday - WDAY Stock Forecast, Price & News

29 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Workday in the last year. 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 brokers have issued 12-month price objectives for Workday's stock. Their WDAY share price forecasts range from $142.00 to $325.00. On average, they predict the company's stock price to reach $215.17 in the next twelve months. This suggests a possible upside of 33.3% 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 shares have decreased by 40.9% and is now trading at $161.36.
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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 trading volume, of 2,530,000 shares, the short-interest 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) issued its earnings results on Tuesday, November, 29th. The software maker reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.15. The software maker earned $1.60 billion during the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $0.97 earnings per share.

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

Workday issued an update on its fourth quarter 2023 earnings guidance on Wednesday, November, 30th. The company provided earnings per share 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 institutional and retail investors. Top institutional shareholders 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 $161.36.

Workday (NASDAQ:WDAY) has a market capitalization of $41.31 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.