why Workday Inc [WDAY] is a Good Choice for Investors After New Price Target of $298.09

Workday Inc [NASDAQ: WDAY] price plunged by -4.53 percent to reach at -$10.87.

A sum of 4155382 shares traded at recent session while its average daily volume was at 2.10M shares. Workday Inc shares reached a high of $235.425 and dropped to a low of $227.65 until finishing in the latest session at $229.3.

The one-year WDAY stock forecast points to a potential upside of 23.08. The average equity rating for WDAY stock is currently 1.73, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Workday Inc [WDAY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WDAY shares is $298.09 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WDAY stock is a recommendation set at 1.73. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Piper Sandler have made an estimate for Workday Inc shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on Jul-11-25. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price from $300 to $314. The new note on the price target was released on February 27, 2025, representing the official price target for Workday Inc stock. On February 19, 2025, analysts decreased their price target for WDAY shares from 330 to 275.

The Price to Book ratio for the last quarter was 6.85, with the Price to Cash per share for the same quarter was set at 29.91. Price to Free Cash Flow for WDAY in the course of the last twelve months was 26.37 with Quick ratio for the last quarter at 2.01.

WDAY Stock Performance Analysis:

Workday Inc [WDAY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.55. With this latest performance, WDAY shares dropped by -9.33% in over the last four-week period, additionally sinking by -9.77% over the last 6 months – not to mention a drop of -11.13% in the past year of trading.

Insight into Workday Inc Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Workday Inc [WDAY] shares currently have an operating margin of 7.05% and a Gross Margin at 75.56%. Workday Inc’s Net Margin is presently recorded at 5.62%.

Return on Equity for this stock inclined to 2.94%, with Return on Assets sitting at 2.94%.

WDAY Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WDAY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Workday Inc go to 17.02%.

Workday Inc [WDAY] Institutonal Ownership Details

There are presently around $94.50%, or 95.34% of WDAY stock, in the hands of institutional investors. The top three institutional holders of WDAY stocks are: VANGUARD GROUP INC with ownership of 15.46 million shares, which is approximately 5.8264%. BLACKROCK INC., holding 13.89 million shares of the stock with an approximate value of $$3.11 billion in WDAY stocks shares; and BLACKROCK INC., currently with $$1.47 billion in WDAY stock with ownership which is approximately 2.4734%.

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