Price Over Earnings Overview: Workday
Portfolio Pulse from Benzinga Insights
Workday Inc. (NASDAQ:WDAY) stock is currently at $282.84, down 0.14% in the current session, but up 2.23% over the past month and 70.48% over the past year. The article discusses the P/E ratio of Workday in comparison to its peers, noting that Workday's P/E ratio of 1179.88 is significantly higher than the Software industry's aggregate P/E ratio of 94.32, suggesting that the stock might be overvalued or that investors expect better future performance.
January 16, 2024 | 4:30 pm
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NEUTRAL IMPACT
Workday Inc.'s stock is down slightly in the current session but has shown significant growth over the past year. Its high P/E ratio compared to the industry average may indicate overvaluation or future growth expectations.
The high P/E ratio of Workday suggests that the stock might be overvalued, which could lead to a negative short-term impact. However, the recent increase in stock price and the possibility that investors are expecting future growth could mitigate this impact, leading to a neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100