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Workday (WDAY) Stock Price, News & Analysis

$207.69
-4.77 (-2.25%)
(As of 06/18/2024 ET)
Today's Range
$207.37
$212.85
50-Day Range
$207.08
$268.47
52-Week Range
$202.01
$311.28
Volume
2.15 million shs
Average Volume
3.82 million shs
Market Capitalization
$55.04 billion
P/E Ratio
37.42
Dividend Yield
N/A
Price Target
$283.96

Workday MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
36.7% Upside
$283.96 Price Target
Short Interest
Healthy
2.18% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.20
Upright™ Environmental Score
News Sentiment
0.89mentions of Workday in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$112.55 M Sold Last Quarter
Proj. Earnings Growth
47.75%
From $1.78 to $2.63 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.98 out of 5 stars

Computer And Technology Sector

3rd out of 585 stocks

Data Processing & Preparation Industry

2nd out of 57 stocks

WDAY stock logo

About Workday Stock (NASDAQ:WDAY)

Workday, Inc. provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations. It also provides spend management solutions that help organizations to streamline supplier selection and contracts, manage indirect spend, and build and execute sourcing events, such as requests for proposals; expense management solutions to submit and approve expenses; and a suite of human capital management applications that enables HR teams to hire, onboard, pay, develop, reskill, and provide employee experiences. In addition, the company offers planning applications; and applications for analytics and reporting comprising augmented analytics to surface insights to the line of business in simple-to-understand stories, machine learning to drive efficiency and automation, and benchmarks to compare performance against other companies. Further, it provides supply chain and inventory solutions to healthcare organizations; solutions to manage the end-to-end student and faculty lifecycle; and Workday Extend for customers and their developers to build custom applications. It serves professional and business services, financial services, healthcare, education, government, technology, media, retail, and hospitality industries. The company was formerly known as North Tahoe Power Tools, Inc. and changed its name to Workday, Inc. in July 2005. Workday, Inc. was incorporated in 2005 and is headquartered in Pleasanton, California.

WDAY Stock Price History

WDAY Stock News Headlines

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Could Elon's New Device be Bigger than the iPhone? According to 30-year Silicon Valley and Wall Street veteran, Eric Fry… This mind-blowing new technology could be bigger than the iPhone.
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Top 3 Analyst-Downgraded Stocks: Tesla, Workday, Starbucks
Investors should not ignore analysts' sentiment because it can profoundly impact a stock price direction. Upgrades naturally lift sentiment and lead markets higher, while downgrades can lower them.
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Top 3 Analyst-Downgraded Stocks: Tesla, Workday, Starbucks (WDAY)
Tesla, Starbucks, and Workday top the list of Marketbeat's Most Downgraded Stocks helping to set up buying opportunities for long-term investors.
Financial markets news icon
Workday, Intuit fall; Ross Stores, Deckers Outdoor rise, Friday, 5/24/2024
Stocks that traded heavily or had substantial price changes on Friday: Workday, Intuit fall; Ross Stores, Deckers Outdoor rise
Video conference. online meeting.
Zoom Stock’s Earnings Volatility Picked Up a Lot of Buyers (WDAY)
Zoom stock quickly recovered after an after-hours selloff, and investors can find out why these willing buyers were so quick to step in, all in the fundamentals
Must-See: Elon’s New Invention is Absolutely Insane
Could Elon's New Device be Bigger than the iPhone? According to 30-year Silicon Valley and Wall Street veteran, Eric Fry… This mind-blowing new technology could be bigger than the iPhone.
Short Interest in Workday, Inc. (NASDAQ:WDAY) Grows By 24.3%
Company News for May 28, 2024
WDAY Aug 2024 240.000 call
See More Headlines
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Company Calendar

Last Earnings
5/23/2024
Today
6/18/2024
Next Earnings (Estimated)
8/22/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
Application Software
Current Symbol
NASDAQ:WDAY
CUSIP
98138H10
Fax
N/A
Employees
18,800
Year Founded
2005

Price Target and Rating

Average Stock Price Target
$283.96
High Stock Price Target
$350.00
Low Stock Price Target
$190.00
Potential Upside/Downside
+36.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
27 Analysts

Profitability

Net Income
$1.38 billion
Pretax Margin
6.24%

Debt

Sales & Book Value

Annual Sales
$7.26 billion
Cash Flow
$1.55 per share
Book Value
$30.63 per share

Miscellaneous

Free Float
212,000,000
Market Cap
$55.04 billion
Optionable
Optionable
Beta
1.33

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Should I Buy Workday Stock? WDAY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Workday, Inc.:

  • Workday, Inc. has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
  • The company has a solid track record of innovation, regularly releasing updates and new features to its cloud-based software solutions, enhancing its competitive edge.
  • Workday's stock price has been steadily increasing, reflecting positive investor sentiment and potential for further growth.
  • Workday's focus on expanding its customer base globally presents opportunities for revenue diversification and long-term sustainability.
  • The company's strong financial position, with healthy cash reserves and manageable debt levels, provides stability and room for strategic investments.

Cons

Investors should be bearish about investing in Workday, Inc. for these reasons:

  • Workday faces intense competition in the cloud-based software industry, which could potentially impact its market share and profitability.
  • Market volatility and economic uncertainties may affect Workday's financial performance and stock price, leading to investment risks.
  • Workday's high valuation compared to its earnings may pose challenges in meeting investor expectations and sustaining stock price growth.
  • Changes in regulatory environments or data privacy laws could impact Workday's operations and increase compliance costs, affecting profitability.
  • Workday's reliance on subscription-based revenue streams makes it vulnerable to customer churn and fluctuations in demand for its services.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, June 8, 2024. Please send any questions or comments about these Workday pros and cons to contact@marketbeat.com.

WDAY Stock Analysis - Frequently Asked Questions

Should I buy or sell Workday stock right now?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Workday in the last year. There are currently 1 sell rating, 6 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" WDAY shares.
View WDAY analyst ratings
or view top-rated stocks.

What is Workday's stock price target for 2024?

27 Wall Street analysts have issued 12 month target prices for Workday's shares. Their WDAY share price targets range from $190.00 to $350.00. On average, they expect the company's stock price to reach $283.96 in the next year. This suggests a possible upside of 36.7% from the stock's current price.
View analysts price targets for WDAY
or view top-rated stocks among Wall Street analysts.

How have WDAY shares performed in 2024?

Workday's stock was trading at $276.06 at the start of the year. Since then, WDAY shares have decreased by 24.8% and is now trading at $207.69.
View the best growth stocks for 2024 here
.

Are investors shorting Workday?

Workday saw a increase in short interest during the month of May. As of May 31st, there was short interest totaling 5,780,000 shares, an increase of 24.3% from the May 15th total of 4,650,000 shares. Based on an average daily volume of 2,420,000 shares, the short-interest ratio is currently 2.4 days.
View Workday's Short Interest
.

When is Workday's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 22nd 2024.
View our WDAY earnings forecast
.

How were Workday's earnings last quarter?

Workday, Inc. (NASDAQ:WDAY) posted its earnings results on Thursday, May, 23rd. The software maker reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.20. The software maker earned $1.99 billion during the quarter, compared to analysts' expectations of $1.97 billion. Workday had a net margin of 19.66% and a trailing twelve-month return on equity of 5.78%. The company's quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the business earned $0.16 EPS.

How will Workday's stock buyback program work?

Workday announced that its Board of Directors has approved a share buyback program on Tuesday, November 29th 2022, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 1.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's management believes its stock is undervalued.

What guidance has Workday issued on next quarter's earnings?

Workday issued an update on its second quarter 2025 earnings guidance on Friday, May, 24th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.1 billion-$2.1 billion, compared to the consensus revenue estimate of $2.1 billion.

What is Aneel Bhusri's approval rating as Workday's CEO?

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.

What other stocks do shareholders of Workday own?
Who are Workday's major shareholders?

Workday's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (5.60%), Baillie Gifford & Co. (2.53%), Janus Henderson Group PLC (1.69%), Sustainable Growth Advisers LP (1.29%), Clearbridge Investments LLC (0.96%) and Blair William & Co. IL (0.58%). Insiders that own company stock include Aneel Bhusri, Barbara A Larson, Carl M Eschenbach, Christa Davies, David A Duffield, Douglas A Robinson, George J Still Jr, Gomez Luciano Fernandez, James Bozzini, Michael M Mcnamara, Richard Harry Sauer, Robynne Sisco, Sayan Chakraborty, Zane Rowe and Zane Rowe.
View institutional ownership trends
.

How do I buy shares of Workday?

Shares of WDAY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Workday have any subsidiaries?
The following companies are subsidiares of Workday: Adaptive Insights Co. Ltd., Adaptive Insights LLC, Adaptive Insights Ltd., Adaptive Insights Pty Ltd, Canada Workday ULC, Capa Clear Software, GridCraft, Identified, MediaCore, Pattern Technologies, Peakon, Platfora, Platfora Inc., Rallyteam, Rallyteam Inc., Rallyteam Software Solutions Inc., Scout RFP, Skipflag Inc., Stories, Tri-Valley Resellers LLC, Trusted Key, Upshot, Vineyard Sound LLC, Workday (Beijing) Co. Ltd, Workday (Beijing) Co. Ltd., Workday (NZ) Unlimited, Workday (Thailand) Co. Ltd., Workday (UK) Limited, Workday Adaptive Planning, Workday Asia Pacific Limited, Workday Australia Pty Ltd, Workday Australia Pty. Ltd., Workday Austria GmbH, Workday B.V., Workday Belgium SPRL, Workday CZ s.r.o, Workday Denmark Aps, Workday España SL, Workday Finland Oy, Workday France, Workday Global Inc., Workday GmbH, Workday India Private Limited, Workday International Limited, Workday Italy S.r.l., Workday K.K., Workday Korea Limited, Workday Limited, Workday Malaysia Sdn. Bhd., Workday Norway AS, Workday Polska sp. z.o.o, Workday Singapore Pte. Ltd., Workday South Africa (Pty) Ltd, Workday Sweden Aktiebolag, Workday Switzerland GmbH, Zaption, and Zaption Inc..
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This page (NASDAQ:WDAY) was last updated on 6/19/2024 by MarketBeat.com Staff

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