Ratings for Workday (NASDAQ:WDAY) were provided by 17 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 7 | 4 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 3 | 3 | 3 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 3 | 3 | 1 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $295.12, a high estimate of $340.00, and a low estimate of $242.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 1.07%.
Diving into Analyst Ratings: An In-Depth Exploration
A clear picture of Workday's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Brian Schwartz | Oppenheimer | Maintains | Outperform | $300.00 | $300.00 |
| Keith Weiss | Morgan Stanley | Raises | Overweight | $330.00 | $315.00 |
| Yun Kim | Loop Capital | Lowers | Hold | $242.00 | $270.00 |
| Raimo Lenschow | Barclays | Lowers | Overweight | $305.00 | $314.00 |
| Brad Sills | B of A Securities | Lowers | Buy | $285.00 | $310.00 |
| Scott Berg | Needham | Maintains | Buy | $300.00 | $300.00 |
| Brent Bracelin | Piper Sandler | Lowers | Neutral | $270.00 | $285.00 |
| Scott Berg | Needham | Maintains | Buy | $300.00 | $300.00 |
| Allan Verkhovski | Scotiabank | Announces | Sector Outperform | $340.00 | - |
| Yun Kim | Loop Capital | Raises | Hold | $270.00 | $255.00 |
| Steven Enders | Citigroup | Lowers | Neutral | $270.00 | $274.00 |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $315.00 | $315.00 |
| Kash Rangan | Goldman Sachs | Raises | Buy | $305.00 | $300.00 |
| Daniel Jester | BMO Capital | Maintains | Outperform | $300.00 | $300.00 |
| Scott Berg | Needham | Lowers | Buy | $300.00 | $350.00 |
| Brent Bracelin | Piper Sandler | Maintains | Overweight | $285.00 | $285.00 |
| David Hynes | Canaccord Genuity | Maintains | Buy | $300.00 | $300.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Workday. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Workday compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Workday's stock. This examination reveals shifts in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Workday's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Workday analyst ratings.
Discovering Workday: A Closer Look
Workday is a software company that offers human capital management, or HCM, financial management, and business planning solutions. Known for being a cloud-only software provider, Workday was founded in 2005 and is headquartered in Pleasanton, California.
Financial Insights: Workday
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Workday displayed positive results in 3 months. As of 31 October, 2024, the company achieved a solid revenue growth rate of approximately 3.6%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Workday's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 8.94% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Workday's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.27%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Workday's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 1.18%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Workday's debt-to-equity ratio is below the industry average at 0.39, reflecting a lower dependency on debt financing and a more conservative financial approach.
How Are Analyst Ratings Determined?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. Click here for urgent details.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
