Workday (NYSE:WDAY) Price Target Cut to $220.00 by Analysts at DA Davidson

Workday (NYSE:WDAYGet Rating) had its target price decreased by analysts at DA Davidson from $250.00 to $220.00 in a research note issued on Friday, Stock Target Advisor reports. DA Davidson’s price target indicates a potential upside of 44.47% from the stock’s current price.

Separately, lowered shares of Workday from a “buy” rating to a “hold” rating in a report on Friday, May 20th.

Shares of WDAY traded down $15.87 on Friday, hitting $152.28. 145,324 shares of the stock traded hands, compared to its average volume of 2,519,469. The firm has a 50 day moving average price of $209.50. Workday has a 1 year low of $157.49 and a 1 year high of $307.81.

Workday (NYSE:WDAYGet Rating) last announced its quarterly earnings data on Monday, February 28th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.01). The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion.

Workday Company Profile (Get Rating)

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. The company offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.

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