On May 2, 39 analysts tracked Workday (WDAY) stock. Five analysts gave “strong buy” recommendations, and seven gave “buy” ratings. Around 56.0% of the analysts rated the stock as a “hold,” whereas two gave “underperform” ratings on the stock. One analyst gave a “sell” recommendation. More than half of the analysts gave “hold” recommendations on Workday stock.
Average target price
The average target price for Workday provided by 34 analysts came in at $128.65 on May 2. The company’s closing price was $127.32 on the same date. Workday has generated returns of 42.5% in the last year and 2.5% in the last month.
Workday expects its subscription revenues in fiscal 1Q19 to be $514.0 million–$516.0 million, reflecting 29.0% YoY growth. For fiscal 2019, the company expects subscription revenues of $2.27 billion–$2.28 billion, representing annualized growth of 27.0%–28.0%.
Workday projects its professional services revenue to be ~$93.0 million in fiscal 1Q19. Similarly, the company expects its business unit revenues for fiscal 2019 to reach ~$405.0 million, representing annual increases of 16.0% and 14.0%, respectively, compared with fiscal 1Q18.