Beyond The Numbers: 20 Analysts Discuss Workday Stock
Portfolio Pulse from Benzinga Insights
Workday (NASDAQ:WDAY) has been the subject of 20 analyst ratings over the past three months, with sentiments ranging from bullish to bearish. The average 12-month price target for WDAY is $286.7, with a high of $330.00 and a low of $245.00, indicating an 11.66% increase from the previous average of $256.76. Analysts have recently adjusted their ratings and price targets, with many maintaining or raising their outlooks. Workday's financial performance shows strong revenue growth but below-average net margin, ROE, and ROA, with a healthy debt-to-equity ratio.
January 22, 2024 | 2:01 pm
News sentiment analysis
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POSITIVE IMPACT
Workday has received positive analyst ratings with an average 12-month price target of $286.7, reflecting an 11.66% increase from the previous target. The company shows strong revenue growth but has below-average profitability metrics.
The positive sentiment from analysts, with several raising their price targets, suggests confidence in Workday's future performance. The strong revenue growth rate is a positive sign, although the below-average profitability metrics may be a concern. However, the overall analyst outlook and the upward revision of price targets are likely to have a positive short-term impact on WDAY's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100