Analyst Price Target Update on Workday (NYSE:WDAY)

Workday (NYSE:WDAY): The mean estimate for the short term price target for Workday (NYSE:WDAY) stands at $78.97 according to 36 Analysts. The higher price target estimate for the stock has been calculated at $99 while the lower price target estimate is at $55.

Many analysts have stated their opinion on the company shares. Major Brokerage house, Goldman Sachs maintains its ratings on Workday (NYSE:WDAY). In the latest research report, Goldman Sachs raises the target price from $71 per share to $80 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on June 1, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The director, of Workday, Inc., Still George J Jr had unloaded 31,000 shares at $80.86 per share in a transaction on June 8, 2016. The total value of transaction was $2,506,660. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Workday (NYSE:WDAY) : On Monday heightened volatility was witnessed in Workday (NYSE:WDAY) which led to swings in the share price. The stock opened for trading at $77.48 and hit $79.94 on the upside , eventually ending the session at $78.89, with a gain of 1.62% or 1.26 points. The heightened volatility saw the trading volume jump to 1,958,775 shares. The 52-week high of the share price is $85.67 and the company has a market cap of $15,541 million. The 52-week low of the share price is at $47.32 .

Workday, Inc. is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for a range of companies, educational institutions and government agencies. The Companys applications include Workday Financial Management, Workday Human Capital Management (Workday HCM) and Workday Insight Applications. Workday Financial Management is a unified application built on a single, global core with a range of financial capabilities, relevant analytics and metrics, and an auditable process management built to help manage financial processes for global organizations. Workday HCM enables an organization to staff, pay, organize, and develop its global workforce. Workday Insight Applications is a suite of applications that leverage advanced data science and machine learning methodologies to help customers make financial and workforce decisions.

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