Workday Inc (WDAY) Receives a Rating Update from a Top Analyst

By Carrie Williams

In a report released today, Brian White from Monness maintained a Buy rating on Workday Inc (WDAYResearch Report), with a price target of $175. The company’s shares closed yesterday at $124.07.

According to TipRanks.com, White is a top 100 analyst with an average return of 17.3% and a 63.5% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Alphabet Inc, and Cloudera Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Workday Inc with a $162.63 average price target.

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Based on Workday Inc’s latest earnings release for the quarter ending July 31, the company reported a quarterly GAAP net loss of $86.16 million. In comparison, last year the company had a GAAP net loss of $85.55 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.