.png "Workday (NASDAQ: WDAY)")
Morgan Stanley analyst Keith Weiss maintained a Hold rating on Workday (WDAY) today and set a price target of $165.00. The company’s shares closed last Monday at $140.08.
According to TipRanks.com, Weiss is a 5-star analyst with an average return of 13.1% and a 58.7% success rate. Weiss covers the Technology sector, focusing on stocks such as Slack Technologies, Citrix Systems, and NortonLifeLock.
Workday has an analyst consensus of Moderate Buy, with a price target consensus of $202.90, implying a 50.5% upside from current levels. In a report issued on March 12, Citigroup also maintained a Hold rating on the stock with a $165.00 price target.
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Based on Workday’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $976 million and GAAP net loss of $128 million. In comparison, last year the company earned revenue of $789 million and had a GAAP net loss of $104 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. The company was founded by David A. Duffield and Aneel Bhusri in March 2005 and is headquartered in Pleasanton, CA.
