Should Investors Buy Into Workday's Turnaround Story?
Shares of (NASDAQ: WDAY) shot higher last week after the software-as-a-service (SaaS) company's fiscal 2025 second-quarter results topped analysts' estimates. Nonetheless, the company's stock is still down about 5% year to date.
Workday, which provides financial and human capital management software, lowered its guidance in May due to weak headcount growth for its customers, as well as an increasing length of deal cycles. Let's see if the company is back on track and if now is a good time to buy the stock.
In addition to providing earnings results and offering full-year guidance, Workday also adjusted its medium-term outlook, saying it expects less revenue growth but higher operating margins in the coming years.
Source Fool.com
Workday, Inc. Stock
€235.75
-0.700%
The stock is one of the favorites of our community with 64 Buy predictions and 3 Sell predictions.
As a result the target price of 273 € shows a slightly positive potential of 15.8% compared to the current price of 235.75 € for Workday, Inc..
