Is Workday Headed for Explosion? Analysts Weigh In!

September 14, 2024

Analysts have been tracking Workday (NASDAQ:WDAY), and their ratings over the last quarter reveal a wide range of opinions. A total of 20 analysts have provided their recent ratings, as displayed in the table below.

BullishSomewhat BullishIndifferentSomewhat BearishBearishTotal Ratings
51040120

Last 30 days have been interesting for Workday, with 1 'bullish' rating, 0 'somewhat bullish' ratings, 0 'somewhat bearish' ratings, and 0 'bearish' ratings. Compared to the preceding months, the sentiments have evolved accordingly:

Last 30 days1 month ago2 months ago3 months ago
1-0-0-04-8-4-0-20-0-0-0-30-2-0-0-1

An average 12-month price target of $283.8 is established by analysts, along with a high estimate of $350.00 and a low estimate of $190.00. Observing a 2.49% increase, the current average has risen from the previous average price target of $276.90.

An in-depth analysis of analyst ratings and actions can provide deeper insights into how financial experts perceive Workday. A summary of key analysts, their recent evaluations, and adjustments to ratings and price targets are outlined below.

AnalystAnalyst FirmAction TakenRatingCurrent Price TargetPrior Price Target
David HynesCanaccord GenuityMaintainsBuy$300.00$300.00
Michael TurrinWells FargoRaisesOverweight$300.00$260.00
Raimo LenschowBarclaysRaisesOverweight$289.00$286.00
Jason CelinoKeybancRaisesOverweight$305.00$275.00
Kirk MaterneEvercore ISI GroupRaisesOutperform$310.00$290.00
Gil LuriaDA DavidsonRaisesNeutral$270.00$255.00
David HynesCanaccord GenuityRaisesBuy$300.00$270.00
Yun KimLoop CapitalRaisesHold$255.00$240.00
Scott BergNeedhamMaintainsBuy$350.00$350.00
Brad RebackStifelRaisesHold$270.00$250.00
Keith WeissMorgan StanleyLowersOverweight$315.00$325.00
Brad ZelnickDeutsche BankRaisesHold$275.00$265.00
Brad SillsB of A SecuritiesRaisesBuy$310.00$265.00
Brent BracelinPiper SandlerRaisesOverweight$285.00$262.00
Kirk MaterneEvercore ISI GroupLowersOutperform$290.00$300.00
Brad SillsB of A SecuritiesLowersBuy$265.00$275.00
Michael TurrinWells FargoLowersOverweight$260.00$275.00
Brent BracelinPiper SandlerLowersOverweight$262.00$280.00
John DifucciGuggenheimMaintainsSell$190.00$190.00
Michael TurrinWells FargoLowersOverweight$275.00$325.00

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