Shares of Workday Inc (WDAY) recently surpassed the average analyst 12-month target price of $230.28, trading at $231.68. This milestone prompts analysts to either downgrade on valuation or adjust their target prices higher. The stock has sparked renewed interest from investors to assess whether this target signifies a peak or a stepping stone to greater heights.
There are 36 analyst targets contributing to Workday’s pricing forecast, with a standard deviation of $27.688. The lowest target is set at $142, while the highest climbs to $275. Current ratings show 23 strong buy recommendations, 2 buy, and 9 hold, resulting in an average rating of 1.59 on a scale where 1 is “Strong Buy” and 5 is “Strong Sell.” This data is sourced from Zacks Investment Research via Quandl.com.
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