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Workday Inc (NASDAQ:WDAY) was reinstated with a 'Neutral' rating and a $140 price objective by Bank of America, which said the enterprise software company remains a high-quality franchise but faces limited near-term catalysts as growth moderates. Shares traded at about $124 on Wednesday, down about 42% in the year-to-date.
Investors looking for stocks in the Internet - Software sector might want to consider either Workday (WDAY) or Spotify (SPOT). But which of these two stocks is more attractive to value investors?
The average of price targets set by Wall Street analysts indicates a potential upside of 46.8% in Workday (WDAY). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
WDAY rolls out Sana for ITSM and a new Travel Agent, adding AI agents that automate IT support and travel-to-expense workflows in a single platform.
Workday's NASDAQ: WDAY reported strong Q1 earnings and guidance, which should not be too surprising, as the AI-driven SaaS apocalypse isn't quite what it was made out to be. Utility-providing platforms such as Workday are leaning hard into AI; AI applications are in increasing demand, and business is good.
WDAY beats Q1 fiscal 2027 estimates as revenues rise 13.5% and subscription growth stays strong, while backlog increases with upbeat guidance.
Workday Inc (NASDAQ:WDAY) shares rose 8% after the enterprise software company reported first quarter results that topped Wall Street expectations and raised its full-year profitability outlook. The company reported adjusted earnings of $2.66 per share for the quarter, ahead of analyst estimates of $2.49 per share.
Workday, Inc. (WDAY) Q1 2027 Earnings Call Transcript
Workday (WDAY) came out with quarterly earnings of $2.66 per share, beating the Zacks Consensus Estimate of $2.49 per share. This compares to earnings of $2.23 per share a year ago.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
WDAY is set to report Q1 fiscal 2027 results on May 21, with expected revenue growth as demand rises for HCM, finance and AI-powered products.