Across the recent three months, 14 analysts have shared their insights on Workday WDAY, expressing a variety of opinions spanning 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 | 4 | 7 | 3 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 3 | 0 | 0 | 0 |
| 2M Ago | 3 | 4 | 3 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $300.86, a high estimate of $340.00, and a low estimate of $242.00. Surpassing the previous average price target of $291.85, the current average has increased by 3.09%.
Analyzing Analyst Ratings: A Detailed Breakdown
In examining recent analyst actions, we gain insights into how financial experts perceive Workday. The following summary 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 |
|---|---|---|---|---|---|
| Brad Zelnick | Deutsche Bank | Raises | Buy | $300.00 | $265.00 |
| Rishi Jaluria | RBC Capital | Raises | Outperform | $320.00 | $300.00 |
| Siti Panigrahi | Mizuho | Raises | Outperform | $320.00 | $280.00 |
| Michael Turrin | Wells Fargo | Raises | Overweight | $330.00 | $300.00 |
| Brian Schwartz | Oppenheimer | Maintains | Outperform | $300.00 | $300.00 |
| Keith Weiss | Morgan Stanley | Raises | Overweight | $330.00 | $315.00 |
| Yun Kim | Loop Capital | Lowers | Hold | $242.00 | $270.00 |
| Raimo Lenschow | Barclays | Lowers | Overweight | $305.00 | $314.00 |
| Brad Sills | B of A Securities | Lowers | Buy | $285.00 | $310.00 |
| Scott Berg | Needham | Maintains | Buy | $300.00 | $300.00 |
| Brent Bracelin | Piper Sandler | Lowers | Neutral | $270.00 | $285.00 |
| Scott Berg | Needham | Maintains | Buy | $300.00 | $300.00 |
| Allan Verkhovski | Scotiabank | Announces | Sector Outperform | $340.00 | - |
| Yun Kim | Loop Capital | Raises | Hold | $270.00 | $255.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Workday. This information provides a snapshot of how analysts perceive 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: 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.
For valuable insights into Workday's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using 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 was founded in 2005 and is headquartered in Pleasanton, California.
Workday: Financial Performance Dissected
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Workday displayed positive results in 3 months. As of 31 October, 2024, the company achieved a solid revenue growth rate of approximately 15.76%. This indicates a notable 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 excels beyond industry benchmarks, reaching 8.94%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Workday's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 2.27%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Workday's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 1.18%, 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 0.39.
The Basics of Analyst Ratings
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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