WDAY Price Prediction Next Week
Prediction and Recommendation for WDAY
Based on the analysis of news sentiment, technical indicators, and market trends, here is the prediction and recommendation for WDAY:
News Sentiment and Fundamental Analysis:
- WDAY is rated highly at 66% using the P/B Growth Investor model developed by Partha Mohanram, indicating strong potential for sustained future growth based on its fundamentals and valuation.
- The company operates in the Software & Programming industry, which has shown resilience and growth potential.
- Recent market reactions to Federal Reserve announcements and tariff discussions suggest a positive outlook for enterprise software stocks, with WDAY inching up 0.2%.
Technical Analysis:
- RSI (14): 46.50, indicating the stock is in oversold territory and due for a potential bounce.
- MACD: -3.03, showing bearish momentum, but the MACD histogram is narrowing, suggesting weakening bearish pressure.
- Balance of Power (BOP): Positive, indicating stronger buying pressure compared to selling pressure.
- Fibonacci Levels: Resistance at 253.91 and support at 238.17.
Price Prediction:
- Target Price: 252.50
- Buy Signal: The stock is oversold (RSI < 50) and showing signs of bullish divergence with the BOP in positive territory.
- Stop Loss: 245.23
Recommendation:
- Buy WDAY with a target price of 253.91 and a stop-loss at 245.23.
WDAY Similar Chart Price Prediction
The price of WDAY is predicted to go up 18.17%, based on the high correlation periods with RES. The similarity of these two price pattern on the periods is 92.88%.
WDAY
RES
Up: 18.17%Similarity: 92.88%
WDAY Revenue Forecast
WDAY EPS Forecast
WDAY FAQs
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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
Brent Thill
Jefferies
Strong Buy
2025-03-31
Price Target
$350 → $325
Upside
+39.17%
Jefferies lowered the firm's price target on Workday to $325 from $350 and keeps a Buy rating on the shares. The firm is lowering price targets across its U.S. software coverage to account for recent multiple compression amid early signs of softening macro factors impacting deal decisions across tech. The firm now believes "we may have another 'mullet' year in software" with first half chop followed by second half flow, the analyst tells investors. While not lowering estimates "yet" as the firm awaits Q1 checks and noting that recent guidance levels were set for no material improvement, the firm says ongoing uncertainty means "investors are waiting on the sidelines to assess the impact."
Allan Verkhovski
Scotiabank
Buy
2025-03-17
Price Target
$355 → $305
Upside
+21.7%
Kash Rangan
Goldman Sachs
Strong Buy
2025-02-26
Price Target
$310 → $345
Upside
+27.26%
