Workday Inc Receives a New Rating from Top Analyst

By Austin Angelo

In a report released today, Raimo Lenschow from Barclays maintained a Hold rating on Workday Inc (NYSE: WDAY), with a price target of $108. The company’s shares opened today at $109.44, close to its 52-week high of $111.45.

According to TipRanks.com, Lenschow is a top 100 analyst with an average return of 15.4% and a 75.5% success rate. Lenschow covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Dealertrack Holdings, and Coupa Software Inc.

Currently, the analyst consensus on Workday Inc is Moderate Buy and the average price target is $107.60, representing a -1.7% downside.

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

Based on Workday Inc’s latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $525 million and GAAP net loss of $82.53 million. In comparison, last year the company earned revenue of $378 million and had a GAAP net loss of $108 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.