Workday (NYSE:WDAY) Price Target Cut to $235.00

Workday (NYSE:WDAY – Get Rating) had its price target reduced by equities research analysts at Robert W. Baird from $290.00 to $235.00 in a report issued on Friday, Stock Target Advisor reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target points to a potential upside of 54.32% from the company’s current price.

WDAY has been the topic of a number of other reports. StockNews.com downgraded shares of Workday from a “buy” rating to a “hold” rating in a research report on Friday, May 20th. DA Davidson dropped their target price on shares of Workday from $250.00 to $220.00 in a research report on Friday.

NYSE:WDAY traded down $15.87 during trading hours on Friday, reaching $152.28. 145,324 shares of the company were exchanged, compared to its average volume of 2,519,469. Workday has a 52-week low of $157.49 and a 52-week high of $307.81. The company’s 50 day moving average is $209.50.

Workday (NYSE:WDAY – Get Rating) last released its quarterly earnings results on Monday, February 28th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates 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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