During the last three months, 21 analysts shared their evaluations of Workday WDAY, revealing diverse outlooks from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 14 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 2 | 0 | 0 | 0 |
| 2M Ago | 0 | 2 | 0 | 0 | 0 |
| 3M Ago | 4 | 9 | 3 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $289.14, a high estimate of $338.00, and a low estimate of $245.00. Observing a 11.81% increase, the current average has risen from the previous average price target of $258.61.
Deciphering Analyst Ratings: An In-Depth Analysis
A comprehensive examination of how financial experts perceive Workday is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Daniel Jester | BMO Capital | Raises | Outperform | $338.00 | $290.00 |
| 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: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Workday. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, 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.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Workday's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Workday analyst ratings.
Unveiling the Story Behind Workday
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: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
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. 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 falls below industry averages, indicating challenges in achieving 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 standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.82%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.49.
Analyst Ratings: What Are They?
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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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