Workday shares are trading lower after the company lowered its longer-term annual subscription growth guidance late Wednesday. Following this, several analysts cut their respective price target on the stock today.
Portfolio Pulse from Benzinga Newsdesk
Workday's shares are trading lower after the company reduced its longer-term annual subscription growth guidance. This led to several analysts cutting their price targets on the stock.
September 28, 2023 | 2:14 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Workday's stock is trading lower due to the company's lowered growth guidance and subsequent price target cuts by analysts.
Workday's lowered growth guidance indicates potential future revenue challenges, which is a negative signal to investors. This, coupled with analysts cutting their price targets, has led to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100