Workday Inc Gets a Hold Rating from KeyBanc

By Austin Angelo

In a report released yesterday, Brent Bracelin from KeyBanc reiterated a Hold rating on Workday Inc (NYSE: WDAY). The company’s shares closed yesterday at $107.54, close to its 52-week high of $107.88.

Bracelin commented:

“We are raising estimates for this year and next, factoring in a more optimistic share-gain scenario that appears to be unfolding.”

According to TipRanks.com, Bracelin is a 5-star analyst with an average return of 10.5% and a 67.4% success rate. Bracelin covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Riverbed Technology, and Medidata Solutions.

Currently, the analyst consensus on Workday Inc is Moderate Buy and the average price target is $105.05, representing a -2.3% downside.

In a report issued on August 17, BMO Capital also maintained a Hold rating on the stock with a $110 price target.

The company has a one year high of $107.88 and a one year low of $65.79. Currently, Workday Inc has an average volume of 1.41M.

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Workday, Inc. engages in the provision of enterprise cloud applications for finance and human resources. It delivers financial management, human capital management and analytics applications designed for the world’s largest companies, educational institutions, and government agencies. The company was founded by David A.