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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

Show full summary:
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.

Read full article (1 min)