During the last three months, 18 analysts shared their evaluations of Workday WDAY, revealing diverse outlooks from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 11 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 4 | 9 | 3 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $282.72, a high estimate of $330.00, and a low estimate of $245.00. Marking an increase of 10.46%, the current average surpasses the previous average price target of $255.94.
Analyzing Analyst Ratings: A Detailed Breakdown
The standing of Workday among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Jason Celino | Keybanc | Announces | Overweight | $310.00 | - |
| Brent Bracelin | Piper Sandler | Raises | Overweight | $330.00 | $300.00 |
| Siti Panigrahi | Mizuho | Raises | Buy | $290.00 | $260.00 |
| Brad Reback | Stifel | Raises | Hold | $250.00 | $230.00 |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $270.00 | - |
| Keith Weiss | Morgan Stanley | Raises | Overweight | $295.00 | $245.00 |
| David Hynes | Canaccord Genuity | Raises | Buy | $290.00 | $260.00 |
| Daniel Jester | BMO Capital | Raises | Outperform | $290.00 | $260.00 |
| Brian Schwartz | Oppenheimer | Raises | Outperform | $275.00 | $255.00 |
| Steven Enders | Citigroup | Raises | Neutral | $270.00 | $236.00 |
| Michael Turrin | Wells Fargo | Raises | Overweight | $300.00 | $280.00 |
| Mark Murphy | JP Morgan | Raises | Overweight | $260.00 | $245.00 |
| Raimo Lenschow | Barclays | Raises | Overweight | $274.00 | $249.00 |
| Scott Berg | Needham | Raises | Buy | $300.00 | $250.00 |
| Brent Bracelin | Piper Sandler | Raises | Overweight | $300.00 | $275.00 |
| Brad Sills | B of A Securities | Raises | Buy | $270.00 | $260.00 |
| Karl Keirstead | UBS | Raises | Neutral | $245.00 | $230.00 |
| Patrick Walravens | JMP Securities | Raises | Market Outperform | $270.00 | $260.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Workday. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Workday compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Workday's stock. This analysis reveals shifts in analysts' expectations over time.
Capture valuable insights into Workday's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Workday analyst ratings.
Get to Know Workday Better
Workday is a software company that offers human capital management, or HCM, financial management, and business planning solutions. Known for being a cloud-only software provider, Workday is headquartered in Pleasanton, California. Founded in 2005, Workday now employs over 12,000 employees.
Key Indicators: Workday's Financial Health
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Positive Revenue Trend: Examining Workday's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 16.67% as of 31 October, 2023, showcasing a substantial increase in top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 6.09%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 1.76%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Workday's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.82%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Workday's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.49.
How Are Analyst Ratings Determined?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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