Workday WDAY has been analyzed by 28 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 15 | 5 | 0 | 1 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 6 | 13 | 5 | 0 | 1 |
| 2M Ago | 1 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts have recently evaluated Workday and provided 12-month price targets. The average target is $286.68, accompanied by a high estimate of $350.00 and a low estimate of $190.00. Highlighting a 9.13% decrease, the current average has fallen from the previous average price target of $315.50.
Exploring Analyst Ratings: An In-Depth Overview
The standing of Workday among financial experts becomes clear with a thorough analysis 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 |
|---|---|---|---|---|---|
| Michael Turrin | Wells Fargo | Lowers | Overweight | $275.00 | $325.00 |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $315.00 | $315.00 |
| Scott Berg | Needham | Maintains | Buy | $350.00 | $350.00 |
| Mark Moerdler | Bernstein | Lowers | Outperform | $301.00 | $321.00 |
| John Difucci | Guggenheim | Maintains | Sell | $190.00 | $190.00 |
| Steven Enders | Citigroup | Lowers | Neutral | $255.00 | $293.00 |
| Yun Kim | Loop Capital | Lowers | Hold | $240.00 | $280.00 |
| Rishi Jaluria | RBC Capital | Lowers | Outperform | $300.00 | $310.00 |
| Raimo Lenschow | Barclays | Lowers | Overweight | $286.00 | $316.00 |
| Daniel Jester | BMO Capital | Lowers | Outperform | $300.00 | $338.00 |
| Michael Turrin | Wells Fargo | Lowers | Overweight | $325.00 | $350.00 |
| Mark Murphy | JP Morgan | Lowers | Overweight | $285.00 | $300.00 |
| Karl Keirstead | UBS | Lowers | Neutral | $255.00 | $280.00 |
| Kirk Materne | Evercore ISI Group | Lowers | Outperform | $300.00 | $350.00 |
| Brent Thill | Jefferies | Lowers | Buy | $330.00 | $350.00 |
| Derrick Wood | TD Cowen | Lowers | Buy | $290.00 | $330.00 |
| Gil Luria | DA Davidson | Lowers | Neutral | $255.00 | $300.00 |
| David Hynes | Canaccord Genuity | Lowers | Buy | $270.00 | $305.00 |
| Brad Reback | Stifel | Lowers | Hold | $250.00 | $290.00 |
| Keith Weiss | Morgan Stanley | Lowers | Overweight | $325.00 | $330.00 |
| Kash Rangan | Goldman Sachs | Lowers | Buy | $300.00 | $310.00 |
| Mark Marcon | Baird | Lowers | Outperform | $265.00 | $316.00 |
| Brian Schwartz | Oppenheimer | Lowers | Outperform | $300.00 | $320.00 |
| Siti Panigrahi | Mizuho | Lowers | Buy | $280.00 | $325.00 |
| Jason Celino | Keybanc | Lowers | Overweight | $275.00 | $330.00 |
| Brent Bracelin | Piper Sandler | Lowers | Overweight | $280.00 | $330.00 |
| Brad Sills | B of A Securities | Lowers | Buy | $310.00 | $330.00 |
| Brian Schwartz | Oppenheimer | Lowers | Outperform | $320.00 | $350.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Workday. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect 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.
Discovering Workday: A Closer Look
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 18,000 employees.
Financial Milestones: Workday's Journey
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Workday's remarkable performance in 3 months is evident. As of 30 April, 2024, the company achieved an impressive revenue growth rate of 18.17%. 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: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 5.38%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Workday's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 1.32%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Workday's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.66%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.41, Workday adopts a prudent financial strategy, indicating a balanced approach to debt management.
Understanding the Relevance of Analyst Ratings
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.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
