Based on the latest market data and analyst insights, here's a concise analysis of WDAY's current position:
Technical Analysis
The stock is currently trading at $250.72, showing mixed signals with RSI at 43.38 indicating a neutral-to-slightly oversold condition. The price is currently below its 20-day SMA of $256.73, suggesting some near-term weakness.
Recent Developments
Recent analyst actions have been mixed but generally positive:
- Deutsche Bank upgraded WDAY to Strong Buy with a $300 price target on January 8, 2025
- Citigroup maintained Hold rating but lowered target to $270 from $287 on January 16, 2025, citing stable to improving demand and AI monetization potential
Insider Activity
CEO Carl Eschenbach sold 1,500 shares on January 6, 2025, representing about 9.5% of his holdings. While insider selling can be concerning, it's worth noting this represents a relatively small portion of total holdings.
Conclusion
SELL recommendation at current levels. Despite positive analyst sentiment, several factors suggest caution:
- Technical indicators showing weakness
- Recent insider selling
- Trading below key moving averages
- Broader market uncertainty around tech valuations
Consider waiting for a more attractive entry point below $245, which aligns with key fibonacci support levels.