TD Cowen Keeps Their Buy Rating on Workday (WDAY)
In a report released yesterday, Derrick Wood from TD Cowen maintained a Buy rating on Workday (WDAY – Research Report). The company's shares closed last Wednesday at $236.88.
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According to TipRanks, Wood is a 5-star analyst with an average return of 13.6% and a 59.07% success rate. Wood covers the Technology sector, focusing on stocks such as Oracle, ServiceNow, and Atlassian.
Currently, the analyst consensus on Workday is a Moderate Buy with an average price target of $296.93.
Based on Workday's latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $2.24 billion and a net profit of $68 million. In comparison, last year the company earned a revenue of $1.98 billion and had a net profit of $107 million
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