Needham Reaffirms Their Buy Rating on Workday (WDAY)

By Jason Carr

In a report issued on December 4, Scott Berg from Needham maintained a Buy rating on Workday (WDAYResearch Report), with a price target of $250.00. The company’s shares closed last Monday at $166.22.

According to TipRanks.com, Berg is a 5-star analyst with an average return of 15.9% and a 65.0% success rate. Berg covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Ceridian HCM Holding, and Tyler Technologies.

Currently, the analyst consensus on Workday is a Moderate Buy with an average price target of $208.63, representing a 28.7% upside. In a report issued on November 22, Monness also maintained a Buy rating on the stock with a $262.00 price target.

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The company has a one-year high of $226.83 and a one-year low of $141.70. Currently, Workday has an average volume of 2.08M.

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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.