Workday (WDAY) Stock Forecast and Price Target 2024 $WDAY

Workday – Analysts’ Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst’s rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock’s consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat’s consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat’s consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 27 Analyst Ratings

Consensus Price Target

High Forecast	$350.00
Average Forecast	$283.96
Low Forecast	$190.00

Type	Current Forecast 6/14/23 to 6/13/24	1 Month Ago 5/15/23 to 5/14/24	3 Months Ago 3/16/23 to 3/15/24	1 Year Ago 6/14/22 to 6/14/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	20 Buy rating(s)	21 Buy rating(s)	21 Buy rating(s)	20 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	8 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$283.96	$293.61	$293.61	$223.44
Forecasted Upside	37.13% Upside	8.09% Upside	8.09% Upside	22.01% Upside

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WDAY Analyst Recommendations By Month

The chart below shows how a company’s ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

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WDAY Price Targets by Month

The chart below shows how a company’s share price and consensus price target have changed over time. The dark blue line represents the company’s actual price. The lighter blue line represents the stock’s consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

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Workday Stock vs. The Competition

Type	Workday	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.70	2.59	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	36.29% Upside	192.61% Upside	11.83% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 10:23 PM ET.

WDAY Frequently Asked Questions

What is Workday’s stock forecast and purchase recommendation?: According to the research reports of 27 Wall Street equities research analysts, the average twelve-month stock price forecast for Workday is $283.96, with a high forecast of $350.00 and a low forecast of $190.00. The consensus rating for Workday stock is Moderate Buy based on the current 1 sell rating, 6 hold ratings and 20 buy ratings for WDAY. Learn more on WDAY’s analyst rating history.
Do Wall Street analysts like Workday more than its competitors?: Analysts like Workday more than other “computer and technology” companies. The consensus rating score for Workday is 2.70 while the average consensus rating score for “computer and technology” companies is 2.59. Learn more on how WDAY compares to other companies.
Does Workday’s stock price have much upside?: According to analysts, Workday’s stock has a predicted upside of 15.41% based on their 12-month stock forecasts.