🚀 ProPicks AI Hits +34.9% Return!Read Now

These Analysts Boost Their Forecasts On Workday Following Strong Earnings

Published 29/11/2023, 12:37
© Reuters.  These Analysts Boost Their Forecasts On Workday Following Strong Earnings
WDAY
-

Benzinga - by Lisa Levin, Benzinga Editor.

Workday, Inc. (NASDAQ: WDAY) reported upbeat earnings results for its third quarter on Tuesday.

Workday posted earnings of $1.56 per share, beating market estimates of $1.41 per share. Revenue of $1.87 billion topped the analyst consensus estimate of $1.848 billion, according to Benzinga Pro.

Workday said it sees fourth-quarter subscription revenue to be $6.598 billion while adjusted operating margins were estimated to be 23.8%

Workday shares gained 8% to $256.28 in pre-market trading.

These analysts made changes to their price targets on Workday following earnings announcement.

  • Piper Sandler increased the price target on Workday from $275 to $300. Piper Sandler analyst Brent Bracelin maintained an Overweight rating.
  • Needham boosted the price target on Workday from $250 to $300. Needham analyst Scott Berg maintained a Buy rating.
  • Barclays raised the price target on Workday from $249 to $274. Barclays analyst Raimo Lenschow maintained an Overweight rating.
  • JP Morgan increased the price target on Workday from $245 to $260. JP Morgan analyst Mark Murphy maintained an Overweight rating.
  • Wells Fargo raised the price target on Workday from $280 to $300. Wells Fargo analyst Michael Turrin maintained an Overweight rating.
  • Citigroup increased the price target on Workday from $236 to $270. Citigroup analyst Steven Enders maintained a Neutral rating.
Read This Next: Insiders Buying Retractable Technologies And 3 Other Penny Stocks

Latest Ratings for WDAY

DateFirmActionFromTo
Mar 2022Societe GeneraleUpgradesHoldBuy
Mar 2022NeedhamMaintainsBuy
Mar 2022Wells FargoMaintainsOverweight
View More Analyst Ratings for WDAY

View the Latest Analyst Ratings

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.