On 8/23/24, Workday Inc (NASDAQ: WDAY) stock enjoyed a major increase of 12.5%, closing at $259.95. Moreover, trading volume in this advance was exceptionally high at 432% of normal. The stock has been weak relative to the market over the last nine months but has risen 12.3% 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 F (Lowest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Workday has a slightly negative Appreciation Score of 32 and a poor Power Rating of 24, and the Lowest Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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