Workday (WDAY) Stock Forecast, Price & News

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Workday in the last year. There are currently 1 sell rating, 9 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" WDAY shares.
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30 brokers have issued twelve-month price targets for Workday's stock. Their WDAY share price forecasts range from $142.00 to $250.00. On average, they expect the company's share price to reach $209.97 in the next year. This suggests a possible upside of 7.3% from the stock's current price.
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Workday's stock was trading at $167.33 at the beginning of the year. Since then, WDAY stock has increased by 17.0% and is now trading at $195.71.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 25th 2023.
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Workday will be holding an earnings conference call on Thursday, May 25th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Workday, Inc. (NASDAQ:WDAY) announced its earnings results on Monday, February, 27th. The software maker reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.10. The software maker had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.63 billion. Workday had a negative net margin of 5.90% and a negative trailing twelve-month return on equity of 1.96%. The business's revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.20) earnings per share.

ETFs with the largest weight of Workday (NASDAQ:WDAY) stock in their portfolio include Global X Cloud Computing ETF (CLOU), Sterling Capital Focus Equity ETF (LCG), Direxion Daily Cloud Computing Bull 2x (CLDL), Harbor Disruptive Innovation ETF (INNO), Fidelity Cloud Computing ETF (FCLD), First Trust Long/Short Equity ETF (FTLS), Hartford Large Cap Growth ETF (HFGO) and First Trust NASDAQ-100-Technology Sector Index Fund (QTEC).

Workday declared that its board has authorized a stock repurchase program on Tuesday, November 29th 2022, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 1.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Workday updated its first quarter 2024 earnings guidance on Monday, February, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.67 billion-$1.67 billion, compared to the consensus revenue estimate of $1.70 billion.

994 employees have rated Workday Chief Executive Officer Aneel Bhusri on Glassdoor.com. Aneel Bhusri has an approval rating of 95% among the company's employees. This puts Aneel Bhusri in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Workday investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Micron Technology (MU), Athabasca Oil (ATH), NVIDIA (NVDA), Aegean Marine Petroleum Network (ANW), Salesforce (CRM) and NIC (EGOV).

Workday trades on the NASDAQ under the ticker symbol "WDAY."

Workday's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (4.78%), Baillie Gifford & Co. (2.83%), JPMorgan Chase & Co. (2.30%), FMR LLC (1.73%), State Street Corp (1.65%) and Wellington Management Group LLP (1.47%). Insiders that own company stock include Aneel Bhusri, Barbara A Larson, Christa Davies, David A Duffield, Douglas A Robinson, George J Still Jr, Gomez Luciano Fernandez, James Bozzini, Michael M Mcnamara, Michael M Mcnamara, Richard Harry Sauer, Robynne Sisco and Sayan Chakraborty.
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Shares of WDAY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WDAY stock can currently be purchased for approximately $195.71.

Workday (NASDAQ:WDAY) has a market capitalization of $50.69 billion and generates $6.22 billion in revenue each year. The software maker earns $-366,750,000.00 in net income (profit) each year or ($1.44) on an earnings per share basis.

The company employs 17,744 workers across the globe.

Workday's mailing address is 6110 STONERIDGE MALL ROAD, PLEASANTON CA, 94588. The official website for the company is www.workday.com. The software maker can be reached via phone at (925) 951-9000 or via email at ir@workday.com.