Are DOGE layoffs set to resume?
Needham analyst Scott Berg reiterated a Buy rating on Workday (NASDAQ:WDAY) on Friday, setting a price target of $260, which is approximately 12.65% above the present share price of $230.8.
Berg expects Workday to post earnings per share (EPS) of -$0.12 for the fourth quarter of 2020.
The current consensus among 25 TipRanks analysts is for a Moderate Buy rating of shares in Workday, with an average price target of $255.52.
The analysts price targets range from a high of $296 to a low of $170.
In its latest earnings report, released on 07/31/2020, the company reported a quarterly revenue of $1.06 billion and a net profit of -$16.75 million. The company's market cap is $54.7 billion.
According to TipRanks.com, Needham analyst Scott Berg is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 27.3% and a 72.01% success rate.
Workday, Inc. engages in the development of enterprise cloud applications for finance and human resources. It delivers financial management, human capital management, and analytics applications designed for companies, educational institutions, and government agencies. The company was founded by David A. Duffield and Aneel Bhusri in March 2005 and is headquartered in Pleasanton, CA.