.png "Workday (WDAY) Receives a Rating Update from a Top Analyst")
In a report released yesterday, Raimo Lenschow from Barclays maintained a Hold rating on Workday (WDAY), with a price target of $170.00. The company’s shares closed last Monday at $163.77.
According to TipRanks.com, Lenschow is a top 25 analyst with an average return of 19.5% and a 73.7% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding, Slack Technologies, and Citrix Systems.
Workday has an analyst consensus of Moderate Buy, with a price target consensus of $208.63, a 26.9% upside from current levels. In a report issued on November 26, Wedbush also reiterated a Hold rating on the stock with a $195.00 price target.
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Based on Workday’s latest earnings release for the quarter ending October 31, the company reported a quarterly GAAP net loss of $116 million. In comparison, last year the company had a GAAP net loss of $153 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.
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