Needham Reiterates Buy Rating on Workday (WDAY)

Piper Sandler Reiterates Overweight Rating on Workday (WDAY), Raises PT

August 23, 2024 8:24 AM EDT

(Updated - August 23, 2024 8:26 AM EDT)

Piper Sandler analyst Brent Bracelin reiterated an Overweight rating and raised its price target to $285 (up from $262 prior) on Workday (NASDAQ: WDAY).

The analyst commented, "Q2 subscription revenue growth moderated to 17% y/y (vs. 19% last quarter),... More

Midday movers: Workday, Ross Stores, CAVA Group rise ; Intuit falls

August 23, 2024 8:05 AM EDT

(Updated - August 23, 2024 12:29 PM EDT)

Investing.com -- U.S. stock futures rose Friday, ending the week on a positive tone, after Fed chair Jerome Powell signaled the Fed would begin rate cuts in September.

Here are some of the biggest U.S. stock movers today:

Uber Technologies (NYSE: UBER) stock rose 4% after the ride-hailing service announced a multiyear partnership with Cruise, a subsidiary of General... More

Workday (WDAY) PT Raised to $255 at Loop Capital

August 23, 2024 7:46 AM EDT

Loop Capital analyst Yun Kim raised the price target on Workday (NASDAQ: WDAY) to $255.00 (from $240.00) while maintaining a Hold rating.

The analyst comments "WDAY is the latest software company to emerge as the margin expansion story, acknowledging that its medium-term growth potential has peaked. The company now expects its annual subscription revenue growth to... More

Workday (WDAY) PT Raised to $270 at Stifel

August 23, 2024 7:42 AM EDT

Stifel analyst Brad Reback raised the price target on Workday (NASDAQ: WDAY) to $270.00 (from $250.00) while maintaining a Hold rating.... More

TD Cowen Reiterates Buy Rating on Workday (WDAY)

August 23, 2024 7:41 AM EDT

TD Cowen analyst J. Derrick Wood reiterated a Buy rating and $290.00 price target on Workday (NASDAQ: WDAY).

The analyst commented, "WDAY delivered cRPO growth of 16% in line & maintained its FY25 rev outlook. New MT targets were issued, calling for 15% sub rev CAGR & 30%... More

Workday (WDAY) PT Raised to $270 at UBS

August 23, 2024 7:12 AM EDT

UBS analyst Karl Keirstead raised the price target on Workday (NASDAQ: WDAY) to $270.00 (from $255.00) while maintaining a Neutral rating.... More

Workday (WDAY) PT Raised to $300 at Canaccord Genuity

August 23, 2024 6:29 AM EDT

Canaccord Genuity analyst David Hynes Jr. raised the price target on Workday (NASDAQ: WDAY) to $300.00 (from $270.00) while maintaining a Buy rating.... More

Workday (WDAY) PT Raised to $275 at Deutsche Bank

August 23, 2024 5:39 AM EDT

Deutsche Bank analyst Brad Zelnick raised the price target on Workday (NASDAQ: WDAY) to $275.00 (from $265.00) while maintaining a Hold rating.

The analyst comments "Workday delivered broadly in-line F2Q results and F3Q/FY25 guidance which were overshadowed by updated mid-term targets, slightly lowering Subscription revenue growth to 15% and importantly raising operating margins to 30% by... More

Workday (WDAY) PT Raised to $300 at Wells Fargo

August 23, 2024 5:37 AM EDT

Wells Fargo analyst Michael Turrin raised the price target on Workday (NASDAQ: WDAY) to $300.00 (from $260.00) while maintaining a Overweight rating.

The analyst comments "WDAY's FQ2 pre-empted what we were expecting at Rising a marked shift in tone toward delivering more margin & revised MT... More

BMO Capital Reiterates Outperform Rating on Workday (WDAY)

August 23, 2024 5:34 AM EDT

BMO Capital analyst Daniel Jester reiterated an Outperform rating and $300.00 price target on Workday (NASDAQ: WDAY).

The analyst comments "We think Workdays new FY27 EBIT target (30% from >25%) more than offsets current growth worries as the company navigates an ongoing softer macro... More

Workday (WDAY) PT Raised to $310 at BofA Securities

August 23, 2024 5:31 AM EDT

BofA Securities analyst Brad Sills raised the price target on Workday (NASDAQ: WDAY) to $310.00 (from $265.00) while maintaining a Buy rating.

The analyst comments "Q2 represents a turning point in Workdays journey toward balanced growth, in our view. A strong FY27 margin raise to 30%... More

Workday (WDAY) PT Raised to $350 at Jefferies

August 23, 2024 5:25 AM EDT

Jefferies analyst Brent Thill raised the price target on Workday (NASDAQ: WDAY) to $350.00 (from $330.00) while maintaining a Buy rating.

The analyst comments "WDAY delivered a narrow beat as CRPO growth of 16% came in slightly ahead of the Street at 15.6% as the macro environment... More

Workday (WDAY) PT Raised to $310 at Evercore ISI

August 23, 2024 5:08 AM EDT

Evercore ISI analyst Kirk Materne raised the price target on Workday (NASDAQ: WDAY) to $310.00 (from $290.00) while maintaining a Outperform rating.

The analyst comments "Bottom line: While the F2Q results were solid, the bigger news on the F2Q call is Workday shifting its mid-term guidance towards mid-teens revenue growth (from upper teens) but... More

Workday (WDAY) PT Raised to $270 at DA Davidson

August 23, 2024 5:06 AM EDT

DA Davidson analyst Gil Luria raised the price target on Workday (NASDAQ: WDAY) to $270.00 (from $255.00) while maintaining a Neutral rating.

The analyst comments "F2Q25 was slightly better than expected while the focal point for investors was the updated midterm outlook which outlines... More

Workday (WDAY) PT Raised to $274 at Citi

August 23, 2024 5:00 AM EDT

Citi analyst Steven Enders raised the price target on Workday (NASDAQ: WDAY) to $274.00 (from $255.00) while maintaining a Neutral rating.

The analyst comments "WDAY reported a skinny beat and a maintained FY sub rev guide with a +25bps raise to the FY OM... More

Workday (WDAY) PT Raised to $289 at Barclays

August 23, 2024 4:26 AM EDT

Barclays analyst Raimo Lenschow raised the price target on Workday (NASDAQ: WDAY) to $289.00 (from $286.00) while maintaining a Overweight rating.... More

Workday (WDAY) PT Raised to $305 at KeyBanc

August 23, 2024 2:48 AM EDT

(Updated - August 23, 2024 10:57 AM EDT)

KeyBanc analyst Jason Celino raised the price target on Workday (NASDAQ: WDAY) to $305.00 (from $275.00) while maintaining a Overweight rating.

The analyst commented, "Workday posted solid F2Q results, with 12-month cRPO growth of 16.1% coming... More

Workday (WDAY) Quickly Erases Decline, Now Up 8%

August 22, 2024 4:58 PM EDT

(Updated - August 22, 2024 5:02 PM EDT)

Workday (NASDAQ: WDAY) Quickly Erases Decline, Now Up 8%

Shares were down 5% after it issued lackluster sales outlook.Workday Sees 30% Operating Margin By Fy27, Up From 25% Target - Bloomberg, citing conf. call... More

Workday beats revenue estimates on payroll demand, announces $1 billion buyback plan

August 22, 2024 4:49 PM EDT

By Zaheer Kachwala

(Reuters) -Workday beat Wall Street expectations for second-quarter revenue on Thursday and announced a $1 billion stock buyback plan, sending the shares of the human resource software provider up around 11% in extended trading.

Corporate spending on human resource and payroll has been rising especially in small-to-medium business segments, according to analysts, despite a cooling labor market.

... More

After-hours movers: Uber, Workday, Ross Stores, CAVA Group

August 22, 2024 4:34 PM EDT

After-Hours Stock Movers:

Uber (NYSE: UBER) fell 3% and General Motors (NYSE: GM) rose 1.8% after Uber and Cruise announced a multiyear strategic partnership to bring Cruise autonomous vehicles to the... More

Workday (WDAY) and Equifax (EFX) Announce Strategic Partnership to Modernize Employment and Income Verification Process

August 22, 2024 4:07 PM EDT

Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and... More

Workday (WDAY) Tops Q2 EPS by 10c

August 22, 2024 4:02 PM EDT

Workday (NASDAQ: WDAY) reported Q2 EPS of $1.75, $0.10 better than the analyst estimate of $1.65. Revenue for the quarter came in at $2.09 billion versus the consensus estimate of $2.07 billion.

Financial Outlook:

Workday is updating its guidance for the fiscal 2025 full year ending January 31, 2025 as... More

Workday (WDAY) option IV elevated into quarter results

August 22, 2024 10:42 AM EDT

Workday (NASDAQ: WDAY) August 23 weekly call option implied volatility is at 175, September is at 46; compared to its 52-week range of 22 to 55 into the expected release of quarter results today after the bell. Call put ratio 1.1 calls to 1 put.

... More

Workday (WDAY) call put ratio 1.5 calls to 1 put into quarter results

August 22, 2024 10:30 AM EDT

Workday (NASDAQ: WDAY) August 23 weekly call option implied volatility is at 175, September is at 46; compared to its 52-week range of 22 to 55 into the expected release of quarter results today after the bell. Call put ratio 1.5 calls to 1 put.

... More

Workday (WDAY) call put ratio 1.9 calls to 1 put into quarter results

August 22, 2024 5:26 AM EDT

Workday (NASDAQ: WDAY) August 23 weekly 232 straddle priced for a move of 8.5% into the expected release of quarter results today after the bell. Call put ratio 1.9 calls to 1 put.

... More

Workday (WDAY) option IV elevated into quarter results

August 21, 2024 10:29 AM EDT

Workday (NASDAQ: WDAY) August 23 weekly call option implied volatility is at 131, September is at 46; compared to its 52-week range of 22 to 55 into the expected release of quarter results after the bell on August 22. Call put ratio 1 call to 1 put.

... More

Workday (WDAY) call put ratio 1 call to 1.3 puts into quarter results

August 21, 2024 5:46 AM EDT

Workday (NASDAQ: WDAY) August 23 weekly 232 straddle priced for a move of 8% into the expected release of quarter results after the bell on August 22.

... More