Monness Believes Workday Inc (NASDAQ: WDAY) Still Has Room to Grow

By Jason Carr

In a report released today, Brian White from Monness maintained a Buy rating on Workday Inc (WDAYResearch Report), with a price target of $250. The company’s shares closed yesterday at $202.81, close to its 52-week high of $213.98.

According to TipRanks.com, White is a top 25 analyst with an average return of 25.4% and a 73.0% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Salesforce.com, and Alphabet Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Workday Inc with a $207.50 average price target.

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The company has a one-year high of $213.98 and a one-year low of $117.24. Currently, Workday Inc has an average volume of 1.71M.

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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.