Does Workday Have 'Some Pockets Of Strength'? 11 Analysts Look At Q1 Results, Outlook
Portfolio Pulse from Priya Nigam
Workday Inc (NASDAQ:WDAY) shares dropped significantly despite reporting positive Q1 earnings. Analysts have mixed reactions, with many lowering their price targets due to macroeconomic pressures, particularly in Europe, and slower customer headcount growth. The company's fiscal 2025 subscription revenue guidance was also reduced.
May 24, 2024 | 5:15 pm
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NEGATIVE IMPACT
Workday's shares fell by 14.43% following Q1 earnings. Analysts lowered price targets due to macroeconomic pressures and slower customer headcount growth, impacting the fiscal 2025 subscription revenue guidance.
The significant drop in share price and the reduction in price targets by multiple analysts indicate a negative short-term impact. Macroeconomic pressures and slower customer headcount growth are key factors affecting the company's outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100