Workday (WDAY) Stock Forecast, Price Target & Predictions
WDAY Stock Forecast
Workday stock forecast is as follows: an average price target of $264.63 (represents a 3.94% upside from WDAY’s last price of $254.60) and a rating consensus of 'Buy', based on 30 wall street analysts offering a 1-year stock forecast.
WDAY Price Target
The average price target for Workday (WDAY) is $264.63 based on 1-year price targets from 30 Wall Street analysts in the past 3 months, with a price target range of $350.00 to $142.00. This represents a potential 3.94% upside from WDAY's last price of $254.60.
WDAY Analyst Ratings
According to 30 Wall Street analysts, Workday's rating consensus is 'Buy'. The analyst rating breakdown for WDAY stock is 0 'Strong Buy' (0.00%), 22 'Buy' (73.33%), 7 'Hold' (23.33%), 1 'Sell' (3.33%), and 0 'Strong Sell' (0.00%).
Workday Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 23, 2024 | Brad Sills | Bank of America Securities | $310.00 | $257.31 | 20.48% | 21.76% |
| Aug 23, 2024 | Scott Berg | Needham | $350.00 | $257.31 | 36.02% | 37.47% |
| Aug 23, 2024 | Brent Bracelin | Piper Sandler | $285.00 | $259.89 | 9.66% | 11.94% |
| Aug 23, 2024 | Yun Kim | Loop Capital Markets | $255.00 | $231.08 | 10.35% | 0.16% |
| Aug 23, 2024 | Michael Turrin | Wells Fargo | $300.00 | $231.08 | 29.83% | 17.83% |
| Aug 23, 2024 | Raimo Lenschow | Barclays | $289.00 | $231.08 | 25.06% | 13.51% |
| Aug 23, 2024 | Jason Celino | KeyBanc | $305.00 | $259.78 | 17.41% | 19.80% |
| Aug 15, 2024 | Ken Wong | Oppenheimer | $300.00 | $232.12 | 29.24% | 17.83% |
| Aug 15, 2024 | Brad Sills | Bank of America Securities | $265.00 | $232.12 | 14.17% | 4.08% |
| Jun 21, 2024 | Michael Turrin | Wells Fargo | $275.00 | $214.59 | 28.15% | 8.01% |
The latest Workday stock forecast, released on Aug 23, 2024 by Brad Sills from Bank of America Securities, set a price target of $310.00, which represents a 20.48% increase from the stock price at the time of the forecast ($257.31), and a 21.76% increase from WDAY last price ($254.60).
Workday Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 9 | 10 | 27 |
| Avg Price Target | $295.44 | $293.40 | $289.81 |
| Last Closing Price | $254.60 | $254.60 | $254.60 |
| Upside/Downside | 16.04% | 15.24% | 13.83% |
In the current month, the average price target of Workday stock is $295.44, according to 9 Wall Street analysts offering twelve months forecast. The average price target represents a 16.04% increase as opposed to Workday's last price of $254.60. This month's average price target is up 0.70% compared to last quarter, and up 1.94% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 23, 2024 | Needham | Buy | Buy | Hold |
| Aug 23, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Aug 23, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Aug 23, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Aug 23, 2024 | Barclays | Overweight | Overweight | Hold |
| Aug 23, 2024 | Deutsche Bank | Hold | Hold | Hold |
| Aug 22, 2024 | Bernstein | Outperform | Outperform | Hold |
| Aug 22, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Aug 22, 2024 | Loop Capital Markets | Hold | Hold | Hold |
| Aug 22, 2024 | Evercore ISI | Outperform | Outperform | Hold |
Workday's last stock rating was published by Needham on Aug 23, 2024. The company gave WDAY a "Buy" rating, the same as its previous rate.
Workday Financial Forecast
Workday Revenue Forecast
| Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $1.92B | $1.87B | $1.79B | - | $1.65B | $1.60B | $1.54B | $1.43B | $1.38B | $1.33B | $1.26B | $1.18B | $1.13B | $1.11B | $1.06B | $1.02B | $976.30M | $938.10M |
| Avg Forecast | $2.85B | $2.76B | $2.70B | $2.58B | $2.51B | $2.43B | $2.37B | $2.26B | $2.19B | $2.13B | $2.07B | $1.98B | $1.92B | $1.85B | $1.77B | $1.67B | $1.63B | $1.59B | $1.52B | $1.43B | $1.36B | $1.31B | $1.24B | $1.16B | $1.12B | $1.09B | $1.04B | $1.00B | $964.84M | $920.68M |
| High Forecast | $2.88B | $2.79B | $2.72B | $2.60B | $2.53B | $2.45B | $2.39B | $2.28B | $2.20B | $2.15B | $2.09B | $1.99B | $1.93B | $1.86B | $1.79B | $1.68B | $1.65B | $1.60B | $1.52B | $1.43B | $1.36B | $1.31B | $1.24B | $1.16B | $1.12B | $1.09B | $1.04B | $1.00B | $964.84M | $920.68M |
| Low Forecast | $2.81B | $2.72B | $2.66B | $2.54B | $2.47B | $2.39B | $2.33B | $2.23B | $2.18B | $2.11B | $2.04B | $1.95B | $1.89B | $1.82B | $1.75B | $1.65B | $1.61B | $1.56B | $1.52B | $1.43B | $1.36B | $1.31B | $1.24B | $1.16B | $1.12B | $1.09B | $1.04B | $1.00B | $964.84M | $920.68M |
| # Analysts | 18 | 9 | 9 | 9 | 12 | 12 | 16 | 8 | 19 | 19 | 11 | 15 | 20 | 22 | 14 | 11 | 11 | 15 | 10 | 10 | 16 | 11 | 11 | 19 | 11 | 5 | 4 | 5 | 4 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.01% | 1.01% | - | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.02% | 1.01% | 1.01% | 1.02% | 1.02% | 1.02% | 1.01% | 1.02% |
Workday's average Quarter revenue forecast for May 24 based on 15 analysts is $1.98B, with a low forecast of $1.95B, and a high forecast of $1.99B. WDAY's average Quarter revenue forecast represents a 2.81% increase compared to the company's last Quarter revenue of $1.92B (Jan 24).
Workday EBITDA Forecast
| Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 18 | 9 | 9 | 9 | 12 | 12 | 16 | 8 | 19 | 19 | 11 | 15 | 20 | 22 | 14 | 11 | 11 | 15 | 10 | 10 | 16 | 11 | 11 | 19 | 11 | 5 | 4 | 5 | 4 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $151.00M | $240.76M | $36.26M | - | $1.00M | $99.32M | $55.99M | $17.00M | $9.00M | $136.79M | $191.44M | $39.28M | $22.12M | $67.31M | $64.27M | $-66.38M | $-37.68M | $-25.95M |
| Avg Forecast | $40.67M | $39.35M | $38.50M | $36.72M | $35.70M | $34.60M | $33.74M | $32.20M | $31.25M | $30.35M | $29.52M | $9.82M | $27.31M | $26.31M | $25.27M | $8.93M | $23.27M | $1.41B | $21.64M | $8.12M | $19.44M | $18.65M | $17.69M | $15.41M | $15.89M | $15.47M | $14.86M | $-28.26M | $13.75M | $13.12M |
| High Forecast | $41.01M | $39.68M | $38.82M | $37.03M | $36.00M | $34.88M | $34.02M | $32.47M | $31.40M | $30.60M | $29.77M | $11.78M | $27.54M | $26.45M | $25.48M | $10.71M | $23.46M | $1.69B | $21.64M | $9.74M | $19.44M | $18.65M | $17.69M | $18.49M | $15.89M | $15.47M | $14.86M | $-22.61M | $13.75M | $13.12M |
| Low Forecast | $40.08M | $38.79M | $37.94M | $36.19M | $35.19M | $34.10M | $33.25M | $31.74M | $31.11M | $30.06M | $29.10M | $7.86M | $26.92M | $25.93M | $24.91M | $7.14M | $22.93M | $1.13B | $21.64M | $6.49M | $19.44M | $18.65M | $17.69M | $12.33M | $15.89M | $15.47M | $14.86M | $-33.91M | $13.75M | $13.12M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 5.53% | 9.15% | 1.43% | - | 0.04% | 0.07% | 2.59% | 2.09% | 0.46% | 7.33% | 10.82% | 2.55% | 1.39% | 4.35% | 4.33% | 2.35% | -2.74% | -1.98% |
15 analysts predict WDAY's average Quarter EBITDA for May 24 to be $9.82M, with a high of $11.78M and a low of $7.86M. This is -93.50% lower than Workday's previous annual EBITDA (Jan 24) of $151.00M.
Workday Net Income Forecast
| Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 18 | 9 | 9 | 9 | 12 | 12 | 16 | 8 | 19 | 19 | 11 | 15 | 20 | 22 | 14 | 11 | 11 | 15 | 10 | 10 | 16 | 11 | 11 | 19 | 11 | 5 | 4 | 5 | 4 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $1.19B | $113.71M | $78.66M | - | $-125.70M | $-74.72M | $-64.16M | $-102.17M | $-73.25M | $43.41M | $105.74M | $-46.52M | $-71.71M | $-24.34M | $-28.02M | $-158.37M | $-127.96M | $-115.73M |
| Avg Forecast | $719.09M | $692.10M | $661.49M | $626.55M | $594.29M | $567.16M | $545.45M | $520.64M | $481.44M | $468.87M | $442.20M | $-79.90M | $394.31M | $377.29M | $337.11M | $-72.63M | $239.32M | $779.27M | $214.12M | $-66.03M | $191.95M | $234.50M | $210.62M | $-49.94M | $149.86M | $181.77M | $177.05M | $-95.97M | $108.78M | $99.52M |
| High Forecast | $726.91M | $699.63M | $668.68M | $633.36M | $600.75M | $573.33M | $551.38M | $526.30M | $525.71M | $498.85M | $447.01M | $-63.92M | $398.60M | $395.38M | $340.78M | $-58.11M | $241.92M | $935.13M | $214.12M | $-52.82M | $191.95M | $234.50M | $210.62M | $-39.95M | $149.86M | $181.77M | $177.05M | $-76.77M | $108.78M | $99.52M |
| Low Forecast | $705.67M | $679.18M | $649.13M | $614.85M | $583.19M | $556.57M | $535.26M | $510.92M | $442.71M | $433.43M | $433.94M | $-95.88M | $386.95M | $317.86M | $330.82M | $-87.16M | $234.85M | $623.42M | $214.12M | $-79.24M | $191.95M | $234.50M | $210.62M | $-59.93M | $149.86M | $181.77M | $177.05M | $-115.16M | $108.78M | $99.52M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 3.01% | 0.30% | 0.23% | - | -0.53% | -0.10% | -0.30% | 1.55% | -0.38% | 0.19% | 0.50% | 0.93% | -0.48% | -0.13% | -0.16% | 1.65% | -1.18% | -1.16% |
Workday's average Quarter net income forecast for May 24 is $-79.90M, with a range of $-95.88M to $-63.92M. WDAY's average Quarter net income forecast represents a -106.73% decrease compared to the company's last Quarter net income of $1.19B (Jan 24).
Workday SG&A Forecast
| Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 18 | 9 | 9 | 9 | 12 | 12 | 16 | 8 | 19 | 19 | 11 | 15 | 20 | 22 | 14 | 11 | 11 | 15 | 10 | 10 | 16 | 11 | 11 | 19 | 11 | 5 | 4 | 5 | 4 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $747.00M | $713.84M | $692.73M | - | $666.15M | $623.90M | $598.96M | $563.17M | $549.57M | $487.98M | $471.71M | $438.68M | $452.86M | $404.89M | $375.76M | $413.73M | $415.41M | $375.68M |
| Avg Forecast | $1.12B | $1.09B | $1.06B | $1.01B | $986.00M | $955.42M | $931.69M | $889.30M | $863.14M | $838.09M | $815.28M | $599.42M | $754.15M | $726.62M | $697.97M | $544.92M | $642.60M | $623.86M | $597.53M | $495.39M | $536.88M | $515.12M | $488.49M | $315.38M | $438.79M | $427.25M | $410.37M | $311.56M | $379.62M | $362.25M |
| High Forecast | $1.13B | $1.10B | $1.07B | $1.02B | $994.25M | $963.41M | $939.48M | $896.73M | $867.08M | $845.10M | $822.10M | $719.30M | $760.46M | $730.57M | $703.81M | $653.91M | $647.98M | $629.07M | $597.53M | $594.46M | $536.88M | $515.12M | $488.49M | $378.46M | $438.79M | $427.25M | $410.37M | $373.87M | $379.62M | $362.25M |
| Low Forecast | $1.11B | $1.07B | $1.05B | $999.53M | $971.84M | $941.70M | $918.31M | $876.52M | $859.19M | $830.22M | $803.57M | $479.53M | $743.32M | $716.18M | $687.94M | $435.94M | $633.37M | $614.90M | $597.53M | $396.31M | $536.88M | $515.12M | $488.49M | $252.31M | $438.79M | $427.25M | $410.37M | $249.25M | $379.62M | $362.25M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 0.98% | 0.99% | - | 1.04% | 1.00% | 1.00% | 1.14% | 1.02% | 0.95% | 0.97% | 1.39% | 1.03% | 0.95% | 0.92% | 1.33% | 1.09% | 1.04% |
Workday's average Quarter SG&A projection for May 24 is $599.42M, based on 15 Wall Street analysts, with a range of $479.53M to $719.30M. The forecast indicates a -19.76% fall compared to WDAY last annual SG&A of $747.00M (Jan 24).
Workday EPS Forecast
| Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 18 | 9 | 9 | 9 | 12 | 12 | 16 | 8 | 19 | 19 | 11 | 15 | 20 | 22 | 14 | 11 | 11 | 15 | 10 | 10 | 16 | 11 | 11 | 19 | 11 | 5 | 4 | 5 | 4 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $4.42 | $0.43 | $0.30 | - | $-0.49 | $-0.29 | $-0.25 | $-0.41 | $-0.29 | $0.17 | $0.43 | $-0.19 | $-0.30 | $-0.10 | $-0.12 | $-0.68 | $-0.56 | $-0.51 |
| Avg Forecast | $2.68 | $2.58 | $2.47 | $2.34 | $2.22 | $2.12 | $2.04 | $1.94 | $1.80 | $1.75 | $1.65 | $1.60 | $1.47 | $1.41 | $1.26 | $1.12 | $0.89 | $0.84 | $0.79 | $0.85 | $0.71 | $0.87 | $0.78 | $0.73 | $0.55 | $0.67 | $0.66 | $0.49 | $0.40 | $0.37 |
| High Forecast | $2.71 | $2.61 | $2.50 | $2.36 | $2.24 | $2.14 | $2.06 | $1.96 | $1.96 | $1.86 | $1.67 | $1.62 | $1.49 | $1.48 | $1.27 | $1.13 | $0.90 | $0.85 | $0.79 | $0.85 | $0.71 | $0.87 | $0.78 | $0.73 | $0.55 | $0.67 | $0.66 | $0.49 | $0.40 | $0.37 |
| Low Forecast | $2.63 | $2.53 | $2.42 | $2.29 | $2.18 | $2.08 | $2.00 | $1.91 | $1.65 | $1.62 | $1.62 | $1.57 | $1.44 | $1.19 | $1.23 | $1.10 | $0.88 | $0.83 | $0.79 | $0.85 | $0.71 | $0.87 | $0.78 | $0.73 | $0.55 | $0.67 | $0.66 | $0.49 | $0.40 | $0.37 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 3.00% | 0.31% | 0.24% | - | -0.55% | -0.34% | -0.32% | -0.48% | -0.41% | 0.20% | 0.55% | -0.26% | -0.54% | -0.15% | -0.18% | -1.39% | -1.39% | -1.39% |
According to 15 Wall Street analysts, Workday's projected average Quarter EPS for May 24 is $1.60, with a low estimate of $1.57 and a high estimate of $1.62. This represents a -63.75% decrease compared to WDAY previous annual EPS of $4.42 (Jan 24).
Workday Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| AI | C3.ai | $21.30 | $70.50 | 230.99% | Buy |
| SNOW | Snowflake | $108.56 | $206.83 | 90.52% | Buy |
| ZM | Zoom Video Communications | $67.18 | $111.77 | 66.37% | Hold |
| TEAM | Atlassian | $161.31 | $237.67 | 47.34% | Buy |
| SHOP | Shopify | $67.01 | $85.72 | 27.92% | Buy |
| ADSK | Autodesk | $250.37 | $282.68 | 12.90% | Buy |
| INTU | Intuit | $615.12 | $689.00 | 12.01% | Buy |
| CRM | Salesforce | $243.97 | $257.51 | 5.55% | Buy |
| WDAY | Workday | $254.60 | $264.63 | 3.94% | Buy |
| NOW | ServiceNow | $825.04 | $728.75 | -11.67% | Buy |
WDAY Forecast FAQ
Is Workday a good buy?
Yes, according to 30 Wall Street analysts, Workday (WDAY) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 22 'Buy' recommendations, accounting for 73.33% of WDAY's total ratings.
What is WDAY's price target?
Workday (WDAY) average price target is $264.63 with a range of $142 to $350, implying a 3.94% from its last price of $254.6. The data is based on 30 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Workday stock go up soon?
According to Wall Street analysts' prediction for WDAY stock, the company can go up by 3.94% (from the last price of $254.6 to the average price target of $264.63), up by 37.47% based on the highest stock price target, and down by -44.23% based on the lowest stock price target.
Can Workday stock reach $400?
WDAY's average twelve months analyst stock price target of $264.63 does not support the claim that Workday can reach $400 in the near future.
What is Workday's current price target trend?
9 Wall Street analysts forecast a $295.44 price target for Workday (WDAY) this month, up 16.04% from its last price of $254.6. Compared to the last 3 and 12 months, the average price target increased by 15.24% and increased by 13.83%, respectively.
What are Workday's analysts' financial forecasts?
Workday's analysts financial forecasts for the fiscal year (Jan 2026) are as follows: average revenue is $9.56B (high $9.64B, low $9.43B), average EBITDA is $136.23M (high $137.37M, low $134.28M), average net income is $2.23B (high $2.25B, low $2.19B), average SG&A $3.76B (high $3.79B, low $3.71B), and average EPS is $8.31 (high $8.4, low $8.16). WDAY's analysts financial forecasts for the fiscal year (Jan 2027) are as follows: average revenue is $10.9B (high $10.99B, low $10.74B), average EBITDA is $155.24M (high $156.54M, low $153.01M), average net income is $2.7B (high $2.73B, low $2.65B), average SG&A $4.29B (high $4.32B, low $4.23B), and average EPS is $10.07 (high $10.18, low $9.89).
Did the WDAY's actual financial results beat the analysts' financial forecasts?
Based on Workday's last annual report (Jan 2024), the company's revenue was $7.26B, beating the average analysts forecast of $7.21B by 0.72%. Apple's EBITDA was $465M, beating the average prediction of $87.82M by 429.50%. The company's net income was $1.38B, beating the average estimation of $1.04B by 33.29%. Apple's SG&A was $2.84B, beating the average forecast of $2.72B by 4.31%. Lastly, the company's EPS was $5.21, missing the average prediction of $5.26 by -0.93%. In terms of the last quarterly report (Jan 2024), Workday's revenue was $1.92B, beating the average analysts' forecast of $1.92B by 0.27%. The company's EBITDA was $151M, beating the average prediction of $27.31M by 452.96%. Workday's net income was $1.19B, beating the average estimation of $394.31M by 201.28%. The company's SG&A was $747M, missing the average forecast of $754.15M by -0.95%. Lastly, the company's EPS was $4.42, beating the average prediction of $1.47 by 200.36%