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New Buy Rating for Workday (WDAY), the Technology Giant

Tipranks - Tue Feb 17, 7:46PM CST

In a report released on February 13, Rishi Jaluria from RBC Capital maintained a Buy rating on Workday, with a price target of $220.00. The company’s shares closed last Friday at $144.42.

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Jaluria covers the Technology sector, focusing on stocks such as Microsoft, Intuit, and Guidewire. According to TipRanks, Jaluria has an average return of -7.0% and a 47.83% success rate on recommended stocks.

Currently, the analyst consensus on Workday is a Moderate Buy with an average price target of $258.63, a 79.08% upside from current levels. In a report released on February 10, Barclays also maintained a Buy rating on the stock with a $275.00 price target.

Based on Workday’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $2.43 billion and a net profit of $252 million. In comparison, last year the company earned a revenue of $2.16 billion and had a net profit of $193 million

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