Workday price target raised to $330 from $315 at Morgan Stanley
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 27 2024
0mins
Should l Buy WDAY?
Morgan Stanley's Price Target Adjustment: Morgan Stanley has increased its price target for Workday from $315 to $330 while maintaining an Overweight rating, despite Workday lowering its medium-term subscription revenue growth outlook from 15% to 14%.
Investor Confidence and Market Potential: The analyst notes that the reduction in growth expectations may diminish investor confidence but believes that the potential for upselling and the strength of Workday's existing customer base are undervalued at current stock levels.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy WDAY?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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: 127.890
Low
235.00
Averages
275.19
High
325.00
Current: 127.890
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.
U.S. Stocks Close: S&P 500 Hits All-Time High
- S&P 500 Strong Performance: The S&P 500 index rose by 0.29%, reaching an all-time high, driven by Apple's forecast of stronger-than-expected Q2 revenue, which boosted market sentiment and indicated increased investor confidence in tech stocks.
- Atlassian Stock Surge: Atlassian's stock soared over 29% after reporting Q3 revenue of $1.79 billion, exceeding the market expectation of $1.69 billion, highlighting a robust recovery in the software sector that may attract more investor interest.
- Oil Price Volatility Impacting Markets: WTI crude oil prices fell more than 3%, easing inflation concerns, although trade tensions resurfaced with President Trump's threat to raise tariffs on EU auto imports, potentially negatively affecting market sentiment.
- Economic Data Influencing Stocks: The April ISM manufacturing index remained unchanged at 52.7, below the expected 53.2, indicating signs of economic slowdown, despite the majority of companies reporting Q1 earnings that exceeded expectations, leaving the overall market facing uncertainty.
See More
Mixed Performance in US Indices as Apple’s Strong Earnings Boost Market
- Apple's Strong Earnings: Apple Inc. (AAPL) reported Q2 revenue of $111.18 billion, exceeding the consensus of $109.66 billion, and forecasted Q3 revenue growth of 14% to 17%, significantly above the expected 9.1%, which propelled the Dow Jones Industrial Average up over 4%.
- Software Stocks Surge: Atlassian (TEAM) posted Q3 revenue of $1.79 billion, surpassing the consensus of $1.69 billion, leading to a stock price increase of over 20%, which not only boosted the software sector but also enhanced investor confidence in tech stocks.
- Oil Price Volatility: WTI crude oil prices fell more than 3% due to developments in the US-Iran agreement, temporarily easing inflation concerns and contributing to stock market gains, highlighting the energy market's influence on the overall economy.
- Weak Manufacturing Data: The April ISM manufacturing index remained unchanged at 52.7, below the expected 53.2, while the prices paid sub-index rose to a four-year high of 84.6, indicating increasing price pressures that could impact Federal Reserve policy decisions.
See More
Mixed Performance in US Indices as Apple’s Strong Earnings Boost Market Sentiment
- Apple's Strong Earnings: Apple Inc. (AAPL) reported Q2 revenue of $111.18 billion, exceeding the consensus of $109.66 billion, and forecasted Q3 revenue growth of 14% to 17%, significantly above the 9.1% estimate, which propelled the Dow Jones Industrial Average up over 4%.
- Software Stocks Surge: Atlassian (TEAM) posted Q3 revenue of $1.79 billion, surpassing the consensus of $1.69 billion, leading to a stock price increase of over 25%, which not only boosted the software sector's performance but also enhanced investor confidence in tech stocks.
- Oil Price Fluctuations: WTI crude oil prices fell more than 1% after Iran responded to the latest US amendments on the agreement, despite an early advance, indicating that inflation concerns may be easing, but geopolitical factors remain a potential risk for oil prices.
- Overall Market Performance: So far, 81% of the 303 S&P 500 companies that reported Q1 earnings have beaten estimates, with overall Q1 earnings projected to climb 12% year-over-year, suggesting that improving corporate profitability may continue to support stock market gains.
See More
Workday to Announce Q1 Fiscal 2027 Financial Results
- Earnings Announcement Schedule: Workday is set to release its Q1 fiscal 2027 financial results after market close on May 21, 2026, demonstrating the company's commitment to financial transparency and investor communication.
- Conference Call Details: The company will host a conference call at 1:30 PM Pacific Time (4:30 PM Eastern Time) to analyze financial results and business outlook, aimed at enhancing investor confidence.
- Webcast Availability: The event will be available via live webcast on the Workday Investor Relations site, with a replay accessible for at least 90 days post-call, ensuring all investors can access critical information.
- Global User Base: Workday's enterprise AI platform is utilized by over 11,500 organizations worldwide, including more than 65% of Fortune 500 companies, highlighting its extensive application and influence across industries.
See More
Workday to Announce Q1 Fiscal 2027 Financial Results
- Earnings Announcement Schedule: Workday will release its Q1 fiscal 2027 financial results after market close on May 21, 2026, demonstrating the company's commitment to financial transparency.
- Conference Call Details: The company will host a conference call at 1:30 PM Pacific Time (4:30 PM Eastern Time) to review its financial results and business outlook, enhancing investor confidence in the company's future growth.
- Webcast Availability: The event will be available via live webcast on the Workday Investor Relations site, with a replay accessible for at least 90 days post-call, ensuring investors can access critical information at their convenience.
- Global User Base: Workday's platform is utilized by over 11,500 organizations worldwide, including more than 65% of Fortune 500 companies, highlighting its extensive application and market recognition in the enterprise AI sector.
See More
Workday Rises 3%, Salesforce Increases 2%, Zscaler Gains 1.4%, Intuit Climbs 1.7%, ServiceNow Advances 2.6%, Datadog Edges Up 0.7%
- Workday Performance: Workday's revenue increased by 3% in the latest reporting period.
- Salesforce Growth: Salesforce reported a 2% rise in sales.
- Zscaler and Intuit Results: Zscaler's revenue grew by 1.4%, while Intuit saw a 1.7% increase.
- ServiceNow and Datadog Updates: ServiceNow's revenue was up by 2.6%, and Datadog experienced a 0.7% growth.
See More
U.S. Stocks Close: S&P 500 Hits All-Time High
- S&P 500 Strong Performance: The S&P 500 index rose by 0.29%, reaching an all-time high, driven by Apple's forecast of stronger-than-expected Q2 revenue, which boosted market sentiment and indicated increased investor confidence in tech stocks.
- Atlassian Stock Surge: Atlassian's stock soared over 29% after reporting Q3 revenue of $1.79 billion, exceeding the market expectation of $1.69 billion, highlighting a robust recovery in the software sector that may attract more investor interest.
- Oil Price Volatility Impacting Markets: WTI crude oil prices fell more than 3%, easing inflation concerns, although trade tensions resurfaced with President Trump's threat to raise tariffs on EU auto imports, potentially negatively affecting market sentiment.
- Economic Data Influencing Stocks: The April ISM manufacturing index remained unchanged at 52.7, below the expected 53.2, indicating signs of economic slowdown, despite the majority of companies reporting Q1 earnings that exceeded expectations, leaving the overall market facing uncertainty.
See More
Mixed Performance in US Indices as Apple’s Strong Earnings Boost Market
- Apple's Strong Earnings: Apple Inc. (AAPL) reported Q2 revenue of $111.18 billion, exceeding the consensus of $109.66 billion, and forecasted Q3 revenue growth of 14% to 17%, significantly above the expected 9.1%, which propelled the Dow Jones Industrial Average up over 4%.
- Software Stocks Surge: Atlassian (TEAM) posted Q3 revenue of $1.79 billion, surpassing the consensus of $1.69 billion, leading to a stock price increase of over 20%, which not only boosted the software sector but also enhanced investor confidence in tech stocks.
- Oil Price Volatility: WTI crude oil prices fell more than 3% due to developments in the US-Iran agreement, temporarily easing inflation concerns and contributing to stock market gains, highlighting the energy market's influence on the overall economy.
- Weak Manufacturing Data: The April ISM manufacturing index remained unchanged at 52.7, below the expected 53.2, while the prices paid sub-index rose to a four-year high of 84.6, indicating increasing price pressures that could impact Federal Reserve policy decisions.
See More
Mixed Performance in US Indices as Apple’s Strong Earnings Boost Market Sentiment
- Apple's Strong Earnings: Apple Inc. (AAPL) reported Q2 revenue of $111.18 billion, exceeding the consensus of $109.66 billion, and forecasted Q3 revenue growth of 14% to 17%, significantly above the 9.1% estimate, which propelled the Dow Jones Industrial Average up over 4%.
- Software Stocks Surge: Atlassian (TEAM) posted Q3 revenue of $1.79 billion, surpassing the consensus of $1.69 billion, leading to a stock price increase of over 25%, which not only boosted the software sector's performance but also enhanced investor confidence in tech stocks.
- Oil Price Fluctuations: WTI crude oil prices fell more than 1% after Iran responded to the latest US amendments on the agreement, despite an early advance, indicating that inflation concerns may be easing, but geopolitical factors remain a potential risk for oil prices.
- Overall Market Performance: So far, 81% of the 303 S&P 500 companies that reported Q1 earnings have beaten estimates, with overall Q1 earnings projected to climb 12% year-over-year, suggesting that improving corporate profitability may continue to support stock market gains.
See More
Workday to Announce Q1 Fiscal 2027 Financial Results
- Earnings Announcement Schedule: Workday is set to release its Q1 fiscal 2027 financial results after market close on May 21, 2026, demonstrating the company's commitment to financial transparency and investor communication.
- Conference Call Details: The company will host a conference call at 1:30 PM Pacific Time (4:30 PM Eastern Time) to analyze financial results and business outlook, aimed at enhancing investor confidence.
- Webcast Availability: The event will be available via live webcast on the Workday Investor Relations site, with a replay accessible for at least 90 days post-call, ensuring all investors can access critical information.
- Global User Base: Workday's enterprise AI platform is utilized by over 11,500 organizations worldwide, including more than 65% of Fortune 500 companies, highlighting its extensive application and influence across industries.
See More
Workday to Announce Q1 Fiscal 2027 Financial Results
- Earnings Announcement Schedule: Workday will release its Q1 fiscal 2027 financial results after market close on May 21, 2026, demonstrating the company's commitment to financial transparency.
- Conference Call Details: The company will host a conference call at 1:30 PM Pacific Time (4:30 PM Eastern Time) to review its financial results and business outlook, enhancing investor confidence in the company's future growth.
- Webcast Availability: The event will be available via live webcast on the Workday Investor Relations site, with a replay accessible for at least 90 days post-call, ensuring investors can access critical information at their convenience.
- Global User Base: Workday's platform is utilized by over 11,500 organizations worldwide, including more than 65% of Fortune 500 companies, highlighting its extensive application and market recognition in the enterprise AI sector.
See More
Workday Rises 3%, Salesforce Increases 2%, Zscaler Gains 1.4%, Intuit Climbs 1.7%, ServiceNow Advances 2.6%, Datadog Edges Up 0.7%
- Workday Performance: Workday's revenue increased by 3% in the latest reporting period.
- Salesforce Growth: Salesforce reported a 2% rise in sales.
- Zscaler and Intuit Results: Zscaler's revenue grew by 1.4%, while Intuit saw a 1.7% increase.
- ServiceNow and Datadog Updates: ServiceNow's revenue was up by 2.6%, and Datadog experienced a 0.7% growth.
See More
