Added to YB: 2024-11-22
Pitch date: 2024-11-20
WDAY [bullish]
Workday, Inc.
-14.78%
current return
Author Info
@TechFundies has been a tech investor for over 20 years and ran a $1b hedge fund for 10 years. Follow on Twitter.
Company Info
Workday, Inc. provides enterprise cloud applications in the United States and internationally. The company offers a suite of financial management applications to maintain accounting information; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; perform financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.
Market Cap
$60.1B
Pitch Price
$263.41
Price Target
363.22 (+62%)
Dividend
N/A
EV/EBITDA
43.15
P/E
104.17
EV/Sales
6.22
Sector
Software
Category
growth
Workday (WDAY): Strengthened Outlook with Growth Potential
WDAY: Partner survey shows 85% hit/beat plan, up from 65% Q2. 75% expect Fins to drive 2024 growth. 85% note stronger competitive position. Solid business with improving story. High retention, recurring revenue. 40% upside in 12-18 months. Limited downside risk, attractive 10% lower.
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