Workday Inc (NASDAQ: WDAY) stock closed at $220.91 on 5/24/24 after a major decline of -15.3%. Moreover, exceptionally high trading volume at 748% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months but has declined -13.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, WDAY is expected to continue to be an important Value Builder.
Workday has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Workday has a slightly negative Appreciation Score of 37 but a slightly positive Power Rating of 65, leading to the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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