Northland Securities Sticks to Their Hold Rating for Workday (WDAY)

By Ryan Adsit

Northland Securities analyst Robert Breza maintained a Hold rating on Workday (WDAYResearch Report) today and set a price target of $200.00. The company’s shares closed last Monday at $173.50.

According to TipRanks.com, Breza is a 5-star analyst with an average return of 13.3% and a 66.5% success rate. Breza covers the Technology sector, focusing on stocks such as Coupa Software, Check Point, and Salesforce.

Workday has an analyst consensus of Moderate Buy, with a price target consensus of $208.95, representing a 23.6% upside. In a report issued on November 26, Wedbush also reiterated a Hold rating on the stock with a $195.00 price target.

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Based on Workday’s latest earnings release for the quarter ending October 31, the company reported a quarterly GAAP net loss of $116 million. In comparison, last year the company had a GAAP net loss of $153 million.

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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.