Critical Insights From Workday Analyst Ratings: What You Need To Know
Portfolio Pulse from Benzinga Insights
Workday (NASDAQ:WDAY) has received diverse analyst ratings over the last three months, with a shift towards more bullish sentiment in the last 30 days. The average 12-month price target for WDAY is now $282.72, up from the previous $255.94. Analysts from firms like Keybanc, Piper Sandler, and Morgan Stanley have raised their price targets, reflecting optimism about the company's performance. Workday's financial health indicators show a strong market presence with a market cap above industry average, a positive revenue trend with a growth rate of 16.67%, but challenges in profitability and asset utilization with lower than industry average net margin, ROE, and ROA.
January 04, 2024 | 4:00 pm
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Workday has seen a positive shift in analyst sentiment with several analysts raising their price targets, indicating a bullish outlook. The average 12-month price target has increased to $282.72, suggesting potential upside.
The increase in price targets by multiple analysts suggests a strong consensus on Workday's positive outlook, which is likely to influence investor sentiment and potentially drive the stock price up in the short term. The higher average price target compared to the previous average also indicates an expected increase in the stock's value.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100