At the time of writing, Workday Inc [WDAY] stock is trading at $271.09, up 6.22%. An important factor to consider is whether the stock is rising or falling in short-term value. The WDAY shares have gain 3.83% over the last week, with a monthly amount glided 2.61%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Morgan Stanley downgraded its rating to Equal-Weight on February 19, 2025, and dropped its price target to $275. On January 08, 2025, upgrade upgraded it’s rating to Buy and revised its price target to $300 on the stock. Guggenheim upgraded its rating to a Neutral. Piper Sandler downgraded its rating to a Neutral and reduced its price target to $270 on November 27, 2024. Scotiabank started tracking with a Sector Outperform rating for this stock on November 19, 2024, and assigned it a price target of $340. In a note dated May 24, 2024, BMO Capital Markets reiterated an Outperform rating on this stock and revised its target price from $338 to $300.
For the past year, the stock price of Workday Inc fluctuated between $199.81 and $311.28. Currently, Wall Street analysts expect the stock to reach $273.43 within the next 12 months. Workday Inc [NASDAQ: WDAY] shares were valued at $271.09 at the most recent close of the market. An investor can expect a potential return of 0.86% based on the average WDAY price forecast.
Analyzing the WDAY fundamentals
According to Workday Inc [NASDAQ:WDAY], the company’s sales were 8.42B for trailing twelve months, which represents an 15.81% jump. Gross Profit Margin for this corporation currently stands at 0.8% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.06 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 266.47 points at the first support level, and at 261.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 278.36, and for the 2nd resistance point, it is at 285.62.
Ratios To Look Out For
It is important to note that Workday Inc [NASDAQ:WDAY] has a current ratio of 1.85. On the other hand, the Quick Ratio is 2.00, and the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 8.56, the price to book ratio is 8.34 and price to earnings (TTM) ratio is 138.51.
Transactions by insiders
Recent insider trading involved Garfield Mark S., Chief Accounting Officer, that happened on Jan 13 ’25 when 472.0 shares were sold. 10% Owner, DUFFIELD DAVID A completed a deal on Jan 13 ’25 to sell 56000.0 shares. Meanwhile, Officer MARK GARFIELD bought 472.0 shares on Jan 13 ’25.
