Workday Receives Overweight Rating and Price Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy WDAY?
Source: Yahoo Finance
- Rating Upgrade: Workday (WDAY) has received an overweight rating, indicating analysts' optimistic expectations for its future performance, suggesting the company will continue to grow and attract more investor interest.
- Price Target Set: The average price target set by analysts is $267.67, indicating significant upside potential compared to the current stock price, which may stimulate market interest in purchasing the stock.
- Increased Market Confidence: This upgrade and price target enhancement could bolster investor confidence in Workday, potentially driving its stock price higher and further solidifying its position in the cloud computing and human resource management software markets.
- Investor Attention: With analysts' positive evaluations of Workday, it is expected to attract more institutional investor attention, potentially leading to increased capital inflow and improved overall market performance for the company.
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Analyst Views on WDAY
Wall Street analysts forecast WDAY stock price to rise
31 Analyst Rating
22 Buy
9 Hold
0 Sell
Moderate Buy
Current: 144.040
Low
235.00
Averages
275.19
High
325.00
Current: 144.040
Low
235.00
Averages
275.19
High
325.00
About WDAY
Workday, Inc. is a provider of an artificial intelligence (AI) platform to help organizations manage their people, money, and agents. The Company provides over 11,000 organizations with cloud solutions powered by AI to help solve business challenges, including supporting and empowering their workforce, managing their finances and spending in an ever-changing environment, and planning for the unexpected. It offers Financial Management, Spend Management, Human Capital Management (HCM), Planning, and Analytics applications. The Company sells its solutions worldwide primarily through direct sales. It also offers professional services, both directly and through its Workday Services Partners, to help customers deploy its solutions. It offers businesses flexible solutions to help them adapt to their industry-specific needs and respond to change. It serves various industries, including professional and business services, financial services, healthcare, education, government, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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