May 8, 2024

Workday Inc WDAY shares are buying and selling decrease after the corporate lowered its longer-term annual subscription progress steerage late Wednesday. A number of analysts discount targets on Thursday.

What To Know: Workday held its monetary analyst day on Wednesday. The corporate lowered its annual subscription income progress goal from greater than 20% to a variety of 17% to 19%. 

In response to the information, a number of analysts adjusted value targets, which has added to the strain on the inventory.

  • Barclays Maintained an Obese score on Workday and lowered the value goal to $249
  • Citigroup analyst Steven Enders maintained Workday with a Impartial and lowered the value goal from $247 to $236.
  • BofA Securities analyst Brad Sills maintained Workday with a Purchase and lowered the value goal from $275 to $260.
  • Morgan Stanley analyst Keith Weiss maintained Workday with an Obese and lowered the value goal from $260 to $245.
  • Piper Sandler analyst Brent Bracelin maintained Workday with an Obese and lowered the value goal from $288 to $275.
  • Needham analyst Scott Berg reiterated Workday with a Purchase and maintained a value goal of $250.

See Additionally: Nike Set To Report Earnings Thursday — Choices Market Implies 6% Transfer

WDAY Worth Motion: Workday shares had been down 11.2% at $205 on the time of writing, per Benzinga Professional.

Photograph: courtesy of Workday.


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