Citigroup Reaffirms Their Sell Rating on Workday Inc (WDAY)


Citigroup analyst Walter Pritchard maintained a Sell rating on Workday Inc (WDAY) today and set a price target of $138. The company’s shares closed on Friday at $189.14, close to its 52-week high of $200.

According to TipRanks.com, Pritchard is a 5-star analyst with an average return of 13.5% and a 71.1% success rate. Pritchard covers the Technology sector, focusing on stocks such as Pivotal Software Inc, Proofpoint Inc, and Check Point.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Workday Inc with a $209.30 average price target.

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Based on Workday Inc’s latest earnings release for the quarter ending January 31, the company reported a quarterly GAAP net loss of $104 million. In comparison, last year the company had a GAAP net loss of $89.1 million.

Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is negative on the stock.

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Workday, Inc. engages in the development of enterprise cloud applications for finance and human resources. It delivers financial management, human capital management, and analytics applications designed for companies, educational institutions, and government agencies.

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