Workday (WDAY) Stock Could Hit $223: Analyst

By Amit Chowdhry ● Dec 5, 2022
  • The shares of Workday (WDAY) could potentially hit $223 according to analysts at Baird. These are the details.

Recently, Baird analysts assigned Workday a price target of $223 along with an “Outperform” rating.

Baird analysts adjusted the rating while noting that the recent results were better than feared. And the company showed better-than-expected resiliency in the face of macro uncertainty.

Recently, Workday reported a Q3 EPS of $0.99, which was $0.15 higher than analyst estimates of $0.84. And the revenue for the quarter was $1.6 billion compared to the consensus estimate of $1.58 billion.

Overview

Price target: $223

Rating: Outperform

Analyst firm: Baird