Workday (WDAY) Receives Price Target

Workday (WDAY) : 37 investment research analysts covering Workday (WDAY) have an average price target of $85.65 for the near short term. The highest target price given by the Brokerage Firm to the stock is $110 and the lowest target is $56 for the short term. Analysts expect the variance to be within $12.22 of the average price.

Workday (WDAY) : 13 brokerage houses believe that Workday (WDAY) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 22 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Workday (WDAY). Zacks Investment Research suggests a Hold with a rank of 3. 3 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 39 Wall Street Analysts endorse the stock as a Buy with a rating of 2.46.


Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on Workday (NYSE:WDAY). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $87 per share to $88 per share. The rating by the firm was issued on August 26, 2016.

Workday (NYSE:WDAY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $84.05 and $84.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $87.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $87.89, notching a gain of 3.66% for the day. The total traded volume was 3,605,527 . The stock had closed at $84.79 on the previous day.

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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