Contrarian Play: Why Workday Stock Is a Buy After Guidance Cut
Portfolio Pulse from
Workday (NASDAQ: WDAY) has lowered its full-year guidance, causing a drop in its stock price. Despite this, the company anticipates solid double-digit growth and aims to maintain this pace next year, presenting a potential buying opportunity.
December 02, 2024 | 1:45 pm
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Workday has reduced its full-year guidance, leading to a stock price drop. Despite this, the company expects strong growth, suggesting a potential buying opportunity.
The reduction in guidance typically leads to a negative market reaction, as seen with the stock price drop. However, the company's expectation of continued strong growth suggests that the market may have overreacted, presenting a potential buying opportunity for investors.
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