Key Highlights:
- Workday (WDAY, Financial) exceeded earnings expectations but saw a 4.5% drop in after-hours trading.
- Analysts suggest a potential upside of 10.62% based on the average target price of $300.97.
- GuruFocus estimates a GF Value suggesting a 12.53% upside from the current stock price.
Workday's Earnings Performance
In recent market developments, Workday (WDAY) shares experienced a 4.5% decline in after-hours trading, despite the company surpassing earnings expectations. Workday reported an adjusted earnings of $2.23 per share, powered by substantial revenue growth reaching $2.24 billion. Notably, $2.059 billion of this revenue was attributed to subscription sales. Looking ahead, the company’s future guidance aligns with market forecasts, anticipating $2.16 billion in second-quarter subscription revenue and notable margin improvements.
Wall Street Analysts Forecast
According to forecasts from 35 analysts, Workday Inc (WDAY, Financial) is projected to reach an average target price of $300.97. The estimates range from a high of $348.00 to a low of $230.00, suggesting an average projected upside of 10.62% from the current stock price of $272.07. For those interested in exploring more detailed estimate data, visit the Workday Inc (WDAY) Forecast page.
The consensus among 41 brokerage firms presents an average brokerage recommendation for Workday Inc (WDAY, Financial) at 2.1, reflecting an "Outperform" rating. This rating scale, ranging from 1 (Strong Buy) to 5 (Sell), suggests confidence in Workday's potential market performance.
GuruFocus Valuation Insights
Utilizing GuruFocus's proprietary metrics, the estimated GF Value for Workday Inc (WDAY, Financial) in one year is predicted to be $306.16. This suggests a potential upside of 12.53% from the current price of $272.07. The GF Value is GuruFocus' assessment of a stock's fair trading value, calculated using historical trading multiples, previous business growth, and future performance estimates. For more in-depth data, visit the Workday Inc (WDAY) Summary page.
