Expert Outlook: Workday Through The Eyes Of 18 Analysts

Workday (NASDAQ:WDAY) underwent analysis by 18 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.

In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 4 9 4 0 1
Last 30D 0 1 0 0 0
1M Ago 0 0 0 0 0
2M Ago 0 0 0 0 0
3M Ago 4 8 4 0 1

In the assessment of 12-month price targets, analysts unveil insights for Workday, presenting an average target of $311.61, a high estimate of $350.00, and a low estimate of $190.00. This upward trend is evident, with the current average reflecting a 4.97% increase from the previous average price target of $296.86.

Understanding Analyst Ratings: A Comprehensive Breakdown

The standing of Workday among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Brian Schwartz Oppenheimer Lowers Outperform $320.00 $350.00
Kash Rangan Goldman Sachs Raises Buy $310.00 $270.00
Steven Enders Citigroup Raises Neutral $293.00 $270.00
John Difucci Guggenheim Maintains Sell $190.00 -
Karl Keirstead UBS Lowers Neutral $300.00 $315.00
Patrick Walravens JMP Securities Maintains Market Outperform $315.00 -
Gil Luria DA Davidson Maintains Neutral $300.00 -
Kash Rangan Goldman Sachs Raises Buy $310.00 $270.00
Keith Weiss Morgan Stanley Lowers Overweight $330.00 $335.00
Siti Panigrahi Mizuho Raises Buy $325.00 $290.00
Scott Berg Needham Raises Buy $350.00 $300.00
Brad Reback Stifel Raises Hold $290.00 $250.00
Raimo Lenschow Barclays Lowers Overweight $316.00 $326.00
Brent Bracelin Piper Sandler Maintains Overweight $330.00 -
Jason Celino Keybanc Raises Overweight $330.00 $310.00
Mark Murphy JP Morgan Raises Overweight $300.00 $260.00
Michael Turrin Wells Fargo Raises Overweight $350.00 $300.00
Kirk Materne Evercore ISI Group Raises Outperform $350.00 $310.00

Key Insights: Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Workday. This information provides a snapshot of how analysts perceive the current state of the company. Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Workday compared to the broader market. Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Workday's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Workday's market standing. Stay informed and make data-driven decisions with our Ratings Table.

Stay up to date on Workday analyst ratings.

Delving into Workday's Background

Workday is a software company that offers human capital management, or HCM, financial management, and business planning solutions. Known for being a cloud-only software provider, Workday is headquartered in Pleasanton, California. Founded in 2005, Workday now employs over 18,000 employees.

Financial Milestones: Workday's Journey

Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.

Positive Revenue Trend: Examining Workday's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 16.75% as of 31 January, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.

Net Margin: Workday's net margin excels beyond industry benchmarks, reaching 61.83%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Workday's ROE stands out, surpassing industry averages. With an impressive ROE of 16.16%, the company demonstrates effective use of equity capital and strong financial performance.

Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 7.82%, the company showcases effective utilization of assets.

Debt Management: With a below-average debt-to-equity ratio of 0.41, Workday adopts a prudent financial strategy, indicating a balanced approach to debt management.

Analyst Ratings: Simplified

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Latest Ratings for WDAY

DateFirmActionFromTo
Mar 2022Societe GeneraleUpgradesHoldBuy
Mar 2022NeedhamMaintainsBuy
Mar 2022Wells FargoMaintainsOverweight

View More Analyst Ratings for WDAY

View the Latest Analyst Ratings

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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