Workday (WDAY) Stock Forecast & Price Target

$228.64

+1.56 (+0.69%)

(As of 07/26/2024 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

Moderate Buy
Based on 27 Analyst Ratings

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
23.10% 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 23.10% from the current price of $228.64.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
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 Upside	23.10% Upside	14.98% Upside	8.09% Upside	21.37% 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.

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.

Workday Stock vs. The Competition

Type	Workday	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.70	2.61	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	23.10% Upside	554.01% Upside	9.15% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/12/2024	Piper Sandler 2 of 5 stars		Lower Target	Overweight ➝ Overweight	$280.00 ➝ $262.00	+15.52%
6/25/2024	Guggenheim 3 of 5 stars		Reiterated Rating	Sell ➝ Sell	$190.00 ➝ $190.00	-12.71%
6/21/2024	Wells Fargo & Company 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$325.00 ➝ $275.00	+28.15%
5/24/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$321.00 ➝ $301.00	+36.10%
5/24/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$316.00 ➝ $286.00	+27.18%
5/24/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$310.00 ➝ $300.00	+33.40%
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5/24/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$280.00 ➝ $240.00	+6.72%
5/24/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$293.00 ➝ $255.00	+13.39%
5/24/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Outperform ➝ Market Outperform	$315.00 ➝ $315.00	+40.07%
5/24/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$300.00 ➝ $285.00	+25.58%
5/24/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$280.00 ➝ $255.00	+10.78%
5/24/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$300.00 ➝ $255.00	-2.26%
5/24/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$330.00 ➝ $290.00	+11.15%
5/24/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$350.00 ➝ $330.00	+26.49%
5/24/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$350.00 ➝ $300.00	+14.99%
5/24/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$310.00 ➝ $300.00	+14.99%
5/24/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$330.00 ➝ $325.00	+24.57%
5/24/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$290.00 ➝ $250.00	-4.18%
5/24/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$305.00 ➝ $270.00	+3.49%
5/24/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$316.00 ➝ $265.00	+1.57%
5/24/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$338.00 ➝ $300.00	+14.99%
5/24/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$350.00 ➝ $350.00	+34.15%
5/24/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$330.00 ➝ $275.00	+5.40%
5/24/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$325.00 ➝ $280.00	+7.32%
5/24/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$320.00 ➝ $300.00	+14.99%
5/16/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$330.00 ➝ $310.00	+23.35%
8/25/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$215.00 ➝ $235.00	+4.50%
5/24/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Slowinski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$235.00	+21.84%
3/1/2023	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$212.00 ➝ $205.00	+10.94%
3/1/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral	$195.00	+5.53%
2/28/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$225.00 ➝ $230.00	+22.61%
2/22/2023	OTR Global Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Positive
1/13/2023	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$200.00	+22.26%
1/9/2023	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Ader Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$245.00	+52.04%
11/17/2022	Monness Crespi & Hardt Subscribe to MarketBeat All Access for the recommendation accuracy rating	Brian White Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
11/2/2022	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$170.00	+12.14%
8/26/2022	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$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 Saturday at 07:04 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 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 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.
What analysts cover Workday?: Workday has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Canaccord Genuity Group, Citigroup, DA Davidson, Evercore ISI, Guggenheim, Jefferies Financial Group, JMP Securities, JPMorgan Chase & Co., KeyCorp, Loop Capital, Mizuho, Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Robert W. Baird, Royal Bank of Canada, Sanford C. Bernstein, Stifel Nicolaus, TD Cowen, The Goldman Sachs Group, UBS Group, and Wells Fargo & Company in the past 90 days.
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.