Workday, Inc. (NASDAQ:WDAY) shares have more than 10.61 percent potential downside risk from the existing levels. This is based on the revised price target of Citigroup at $ 218.00 on the stock. Incidentally, the brokerage raised its price objective by $ 45 from its earlier level of $ 173.00. However, Citigroup has maintained its Neutral rating on the stock, Benzinga reported.
Shares of Workday, Inc. traded low $ -4.02 or -1.65 percent on Monday, reaching $ 239.86 with volume of 2.20 million shares. The stock opened down for the day at $ 241.13, after closing the previous day trading at $ 243.88. According to the previous trading day, closing price of $ 243.88, representing a 126.34 % increase from the 52 week low of $ 107.75 and a 1.96 % decrease over the 52 week high of $ 248.75.
With respect to the key metrics, Workday, Inc. stock has advanced $ 71.32 or 42.00 percent, reaching $ 168.54 during the simple moving average (SMA) period of 200 days. Similarly, the stock has increased $ 51.51 or 27.00 percent, before arriving at $ 188.35 during the SMA50-day period.
Moving ahead, the consensus estimates from Thomson Reuters for the third quarter are income of $ 0.66 per share from $ 1079.08 million in revenue. For the full year, analysts predict revenues of $ 4246.08 million, while looking forward to income of $ 2.46 per share.
Workday, Inc. provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human capital resources.
