In a report released today, Brent Bracelin from KeyBanc maintained a Buy rating on Workday Inc (WDAY), with a price target of $235. The company’s shares opened today at $210.41, close to its 52-week high of $213.98.
Bracelin said:
“We also found a handful of new job postings at unannounced customer Disney (200K+ employees) that is hiring a Senior HCM Architect with 5+ years of Workday technical skills. However, it is hard for us to discern how long Disney has been a customer. These unannounced HCM wins are in addition to the GEICO financials win we picked up last month.”
According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 29.8% and a 78.0% success rate. Bracelin covers the Technology sector, focusing on stocks such as Tyler Technologies, Coupa Software Inc, and Salesforce.com.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Workday Inc with a $207.50 average price target, which is a -1.4% downside from current levels. In a report released yesterday, Monness also maintained a Buy rating on the stock with a $250 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 $74.41 million.
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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.
