Workday (WDAY) Gets a Sell Rating from Rosenblatt Securities
In a report issued on June 9, Yun Kim from Rosenblatt Securities maintained a Sell rating on Workday (WDAY), with a price target of $110.00. The company’s shares closed last Monday at $183.76.
According to TipRanks.com, Kim is a 5-star analyst with an average return of 21.4% and a 73.5% success rate. Kim covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Manhattan Associates, and Palo Alto Networks.
Currently, the analyst consensus on Workday is a Moderate Buy with an average price target of $191.23.
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Based on Workday’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $1.02 billion and GAAP net loss of $158 million. In comparison, last year the company earned revenue of $825 million and had a GAAP net loss of $116 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.
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