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Workday (WDAY) Stock Forecast & Price Target

$227.49
-3.09 (-1.34%)
(As of 07/19/2024 08:56 PM ET)

Workday - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 27 Wall Street analysts who have issued ratings for Workday in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 27 analysts, 1 has given a sell rating, 6 have given a hold rating, and 20 have given a buy rating for WDAY.

Consensus Price Target

$281.44
23.72% Upside
High Forecast$350.00
Average Forecast$281.44
Low Forecast$190.00

According to the 27 analysts' twelve-month price targets for Workday, the average price target is $281.44. The highest price target for WDAY is $350.00, while the lowest price target for WDAY is $190.00. The average price target represents a forecasted upside of 23.72% from the current price of $227.49.

TypeCurrent Forecast
7/23/23 to 7/22/24
1 Month Ago
6/23/23 to 6/22/24
3 Months Ago
4/24/23 to 4/23/24
1 Year Ago
7/23/22 to 7/23/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
20 Buy rating(s)
20 Buy rating(s)
21 Buy rating(s)
21 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
6 Hold rating(s)
8 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$281.44$282.11$293.61$225.52
Forecasted Upside23.72% Upside14.87% Upside8.09% Upside21.37% Upside
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WDAY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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WDAY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Workday Stock vs. The Competition

TypeWorkdayComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.70
2.61
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside23.72% Upside117.39% Upside10.07% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/12/2024Piper Sandler
2 of 5 stars
 Lower TargetOverweight ➝ Overweight$280.00 ➝ $262.00+15.52%
6/25/2024Guggenheim
3 of 5 stars
 Reiterated RatingSell ➝ Sell$190.00 ➝ $190.00-12.71%
6/21/2024Wells Fargo & Company
3 of 5 stars
 Lower TargetOverweight ➝ Overweight$325.00 ➝ $275.00+28.15%
5/24/2024Sanford C. Bernstein
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 Lower TargetOutperform ➝ Outperform$321.00 ➝ $301.00+36.10%
5/24/2024Barclays
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 Lower TargetOverweight ➝ Overweight$316.00 ➝ $286.00+27.18%
5/24/2024Royal Bank of Canada
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 Lower TargetOutperform ➝ Outperform$310.00 ➝ $300.00+33.40%
5/24/2024Loop Capital
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 Lower TargetHold ➝ Hold$280.00 ➝ $240.00+6.72%
5/24/2024Citigroup
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 Lower TargetNeutral ➝ Neutral$293.00 ➝ $255.00+13.39%
5/24/2024JMP Securities
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 Reiterated RatingMarket Outperform ➝ Market Outperform$315.00 ➝ $315.00+40.07%
5/24/2024JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$300.00 ➝ $285.00+25.58%
5/24/2024UBS Group
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 Lower TargetNeutral ➝ Neutral$280.00 ➝ $255.00+10.78%
5/24/2024DA Davidson
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 Lower TargetNeutral ➝ Neutral$300.00 ➝ $255.00-2.26%
5/24/2024TD Cowen
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 Lower TargetBuy ➝ Buy$330.00 ➝ $290.00+11.15%
5/24/2024Jefferies Financial Group
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 Lower TargetBuy ➝ Buy$350.00 ➝ $330.00+26.49%
5/24/2024Evercore ISI
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 Lower TargetOutperform ➝ Outperform$350.00 ➝ $300.00+14.99%
5/24/2024The Goldman Sachs Group
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 Lower TargetBuy ➝ Buy$310.00 ➝ $300.00+14.99%
5/24/2024Morgan Stanley
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 Lower TargetOverweight ➝ Overweight$330.00 ➝ $325.00+24.57%
5/24/2024Stifel Nicolaus
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 Lower TargetHold ➝ Hold$290.00 ➝ $250.00-4.18%
5/24/2024Canaccord Genuity Group
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 Lower TargetBuy ➝ Buy$305.00 ➝ $270.00+3.49%
5/24/2024Robert W. Baird
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 Lower TargetOutperform ➝ Outperform$316.00 ➝ $265.00+1.57%
5/24/2024BMO Capital Markets
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 Lower TargetOutperform ➝ Outperform$338.00 ➝ $300.00+14.99%
5/24/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$350.00 ➝ $350.00+34.15%
5/24/2024KeyCorp
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 Lower TargetOverweight ➝ Overweight$330.00 ➝ $275.00+5.40%
5/24/2024Mizuho
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 Lower TargetBuy ➝ Buy$325.00 ➝ $280.00+7.32%
5/24/2024Oppenheimer
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 Lower TargetOutperform ➝ Outperform$320.00 ➝ $300.00+14.99%
5/16/2024Bank of America
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 Lower TargetBuy ➝ Buy$330.00 ➝ $310.00+23.35%
8/25/2023Deutsche Bank Aktiengesellschaft
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 Boost TargetHold ➝ Hold$215.00 ➝ $235.00+4.50%
5/24/2023BNP Paribas
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S. Slowinski
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UpgradeNeutral ➝ Outperform$235.00+21.84%
3/1/2023Societe Generale
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 DowngradeBuy ➝ Hold$212.00 ➝ $205.00+10.94%
3/1/2023Credit Suisse Group
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 Reiterated RatingNeutral$195.00+5.53%
2/28/2023Cowen
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 Boost TargetOutperform$225.00 ➝ $230.00+22.61%
2/22/2023OTR Global
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 UpgradePositive
1/13/2023Capital One Financial
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 Initiated CoverageOverweight$200.00+22.26%
1/9/2023Moffett Nathanson
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J. Ader
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Initiated CoverageOutperform$245.00+52.04%
11/17/2022Monness Crespi & Hardt
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Brian White
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DowngradeBuy ➝ Neutral
11/2/2022Macquarie
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 Initiated CoverageNeutral$170.00+12.14%
8/26/2022Wolfe Research
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 Boost TargetOutperform$210.00 ➝ $240.00+42.80%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 01:41 AM ET.

WDAY Forecast - Frequently Asked Questions

What is Workday's forecast for 2024?

According to the research reports of 27 Wall Street equities research analysts, the average twelve-month stock price forecast for Workday is $281.44, with a high forecast of $350.00 and a low forecast of $190.00.

Should I buy or sell Workday stock right now?

27 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Workday in the last twelve months. There is currently 1 sell rating, 6 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" WDAY shares.

Does Workday's stock price have much upside?

According to analysts, Workday's stock has a predicted upside of 15.30% based on their 12-month stock forecasts.

Do Wall Street analysts like Workday more than its competitors?

Analysts like Workday more than other "computer and technology" companies. The consensus rating score for Workday is 2.70 while the average consensus rating score for "computer and technology" companies is 2.61. Learn more on how WDAY compares to other companies.


This page (NASDAQ:WDAY) was last updated on 7/22/2024 by MarketBeat.com Staff

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