Alert: Rating Upgrade (11/29/24)-Workday Inc (NASDAQ: WDAY).

Stock Rating Upgrade

Of late the Value Trend Rating for Workday Inc (NASDAQ: WDAY) improved from D to C reflecting improving fundamentals and high Appreciation Potential.

Recent Price Action

On 11/29/24, Workday Inc (NASDAQ: WDAY) stock declined modestly by -1.3%, closing at $249.99. Moreover, this decline was accompanied by above average trading volume at 139% of normal. The stock has performed in line with the market over the last nine months and has declined -3.6% during the last week.

Current PriceTarget Research Rating

Workday has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Workday has a neutral Power Rating of 48 and a neutral Appreciation Score of 40, triggering the Low Neutral Value Trend Rating.