Summary Highlights:
- Workday (WDAY, Financial) beats Q1 estimates with strong earnings and revenue numbers.
- Analysts see a potential upside of over 10% for Workday shares.
- Current consensus rates Workday as "Outperform" with a positive growth outlook.
Impressive Q1 Performance
Workday (WDAY) delivered an impressive first-quarter performance that surpassed market expectations. The company reported a non-GAAP earnings per share of $2.23, which exceeded forecasts by $0.22. Furthermore, Workday achieved a revenue of $2.24 billion, topping analyst projections by $20 million.
Analyst Forecasts and Target Price
According to insights from 35 analysts, Workday Inc's (WDAY, Financial) average one-year price target stands at $300.97. Target estimates range from a low of $230.00 to a high of $348.00, suggesting an average upside potential of 10.62% from the current stock price of $272.07. Investors can explore more comprehensive estimates on the Workday Inc (WDAY) Forecast page.
Brokerage Recommendations
The consensus from 41 brokerage firms rates Workday Inc (WDAY, Financial) at an average recommendation of 2.1, which denotes an "Outperform" status. This scale ranges from 1 to 5, where 1 signifies a Strong Buy and 5 indicates a Sell recommendation, positioning Workday favorably among analysts.
GF Value Analysis
Based on GuruFocus estimates, the GF Value for Workday Inc (WDAY, Financial) is projected to be $306.16 within one year. This suggests a potential upside of 12.53% from the current stock price of $272.07. The GF Value reflects GuruFocus' assessment of the stock's fair trading value, derived from historical trading multiples, business growth, and future performance projections. For detailed data, visit the Workday Inc (WDAY) Summary page.
