Across the recent three months, 20 analysts have shared their insights on Workday WDAY, expressing a variety of opinions spanning from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 13 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 3 | 0 | 0 | 0 |
| 2M Ago | 3 | 8 | 2 | 0 | 0 |
| 3M Ago | 1 | 1 | 1 | 0 | 0 |
Analysts have set 12-month price targets for Workday, revealing an average target of $286.7, a high estimate of $330.00, and a low estimate of $245.00. This upward trend is evident, with the current average reflecting a 11.66% increase from the previous average price target of $256.76.
Interpreting Analyst Ratings: A Closer Look
The perception of Workday by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Patrick Walravens | JMP Securities | Raises | Market Outperform | $315.00 | $270.00 |
| Brent Bracelin | Piper Sandler | Maintains | Overweight | $330.00 | - |
| 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: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Workday compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Workday's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Workday's market standing. Stay informed and make well-considered 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.
Financial Milestones: Workday's Journey
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Workday's remarkable performance in 3 months is evident. As of 31 October, 2023, the company achieved an impressive revenue growth rate of 16.67%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Workday's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 6.09%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Workday's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 1.76%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Workday's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.82%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Workday's debt-to-equity ratio is below the industry average. With a ratio of 0.49, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Core of Analyst Ratings: What Every Investor Should Know
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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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