WDAY Price Prediction Next Week
Based on the provided data and current market conditions, here is the analysis for WDAY's stock price prediction for next week:
Technical Analysis
The technical indicators show:
- RSI at 52.40 indicates neutral momentum
- MACD at -2.56 suggests bearish short-term momentum
- Price is currently trading around the 20-day SMA of $254.82, above the 200-day SMA of $243.93, indicating an overall upward trend
News Sentiment & Options Activity
- High options activity with 8,387 contracts traded, particularly focused on $235 strike put options expiring February 28, 2025, indicating some bearish sentiment
- Recent analyst coverage remains mostly positive with an average price target of $295.12
- The company is scheduled to report earnings on February 26, 2025, which could bring significant price movement
Price Prediction for Next Week Based on technical and fundamental factors:
Target Prices:
- Support Level: $246.12 (Fibonacci S1)
- Resistance Level: $257.83 (Fibonacci R1)
- Key Pivot: $251.98
Expected Scenarios:
- Bullish Case (40% probability):
- Break above $257.83 could push price toward $261.45 (Fibonacci R2)
- Driven by positive earnings anticipation and strong analyst sentiment
- Bearish Case (35% probability):
- Break below $246.12 could see price test $242.51 (Fibonacci S2)
- Influenced by high put option interest and broader market uncertainty
- Neutral Case (25% probability):
- Price consolidation between $246-$258 range
- Limited movement ahead of earnings announcement
Trading Recommendation Given the upcoming earnings event and current technical setup, it would be prudent to:
- HOLD current positions
- For new positions, wait until after earnings release on February 26 to make trading decisions
- Set stop loss below $242.51 if taking long positions
The stock is likely to remain volatile ahead of earnings, with a slight bearish bias indicated by options activity, but supported by strong analyst sentiment and technical trend.
WDAY Similar Chart Price Prediction
The price of WDAY is predicted to go up 28.54%, based on the high correlation periods with SPCE. The similarity of these two price pattern on the periods is 98.28%.
WDAY
SPCE
Up: 28.54%Similarity: 98.28%
WDAY Revenue Forecast
WDAY EPS Forecast
WDAY FAQs
What is revenue forecast for next quarter？
What is eps forecast for next quarter？
WDAY VS S&P500
Workday's planning and analytics solutions should take off after covid-19 has enterprises placing more importance on top-down planning. This should drive further customer and ACV growth, and thus revenue growth.
Quicker expansion into markets outside of North America should allow for more operating leverage than previously expected.
Increasing attach rates among Workday's offerings, such as its core HCM software and its emerging financials business, should allow Workday to exert further pricing power, driving revenue growth.
WDAY Analyst's Forecast
Steven Enders
Citigroup
Hold
Price Target
$287 → $270
Upside
+7.7%
Citi lowered the firm's price target on Workday to $270 from $287 and keeps a Neutral rating on the shares as part of a 2025 outlook for application software. Following improving software sentiment in Q4 and a recent valuation reset, Citi sees "stable to improving demand and multiple thematic upside drivers supporting a more constructive view" into 2025 for the application software group. Core themes include artificial intelligence monetization, small business tailwinds, SAP cloud cycle, regulatory changes, and "warming" capital markets, the analyst tells investors in a research note.
Siti Panigrahi
Mizuho
Buy
Price Target
$280 → $320
Upside
+16.93%
Michael Turrin
Wells Fargo
Buy
Price Target
$300 → $330
Upside
+17.9%