Why Workday Stock Is Tumbling Thursday
Portfolio Pulse from Adam Eckert
Workday Inc's shares are trading lower after the company lowered its longer-term annual subscription growth guidance. This led to several analysts cutting their price targets on the stock. The company's annual subscription revenue growth target was lowered from more than 20% to a range of 17% to 19%.
September 28, 2023 | 1:38 pm
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Workday Inc's stock is trading lower due to lowered growth guidance and subsequent price target cuts by analysts.
Workday Inc has lowered its annual subscription growth guidance, which is a negative signal about the company's future performance. This has led to several analysts cutting their price targets on the stock, which adds further pressure on the stock price.
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