Workday WDAY underwent analysis by 18 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 9 | 4 | 0 | 1 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 4 | 8 | 4 | 0 | 1 |
In the assessment of 12-month price targets, analysts unveil insights for Workday, presenting an average target of $311.61, a high estimate of $350.00, and a low estimate of $190.00. This upward trend is evident, with the current average reflecting a 4.97% increase from the previous average price target of $296.86.
Understanding Analyst Ratings: A Comprehensive 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 |
|---|---|---|---|---|---|
| Brian Schwartz | Oppenheimer | Lowers | Outperform | $320.00 | $350.00 |
| Kash Rangan | Goldman Sachs | Raises | Buy | $310.00 | $270.00 |
| Steven Enders | Citigroup | Raises | Neutral | $293.00 | $270.00 |
| John Difucci | Guggenheim | Maintains | Sell | $190.00 | - |
| Karl Keirstead | UBS | Lowers | Neutral | $300.00 | $315.00 |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $315.00 | - |
| Gil Luria | DA Davidson | Maintains | Neutral | $300.00 | - |
| Kash Rangan | Goldman Sachs | Raises | Buy | $310.00 | $270.00 |
| Keith Weiss | Morgan Stanley | Lowers | Overweight | $330.00 | $335.00 |
| Siti Panigrahi | Mizuho | Raises | Buy | $325.00 | $290.00 |
| Scott Berg | Needham | Raises | Buy | $350.00 | $300.00 |
| Brad Reback | Stifel | Raises | Hold | $290.00 | $250.00 |
| Raimo Lenschow | Barclays | Lowers | Overweight | $316.00 | $326.00 |
| Brent Bracelin | Piper Sandler | Maintains | Overweight | $330.00 | - |
| Jason Celino | Keybanc | Raises | Overweight | $330.00 | $310.00 |
| Mark Murphy | JP Morgan | Raises | Overweight | $300.00 | $260.00 |
| Michael Turrin | Wells Fargo | Raises | Overweight | $350.00 | $300.00 |
| Kirk Materne | Evercore ISI Group | Raises | Outperform | $350.00 | $310.00 |
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: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Workday compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Workday's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Workday's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Workday analyst ratings.
Delving into Workday's Background
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: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Positive Revenue Trend: Examining Workday's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 16.75% as of 31 January, 2024, 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 excels beyond industry benchmarks, reaching 61.83%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Workday's ROE stands out, surpassing industry averages. With an impressive ROE of 16.16%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 7.82%, the company showcases effective utilization of 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.
Analyst Ratings: Simplified
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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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