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A statement released earlier today by Jefferies about Workday (NYSE:WDAY) ups the target price to $79.00

Yesterday Workday (NYSE:WDAY) traded 1.47% higher at $89.79. The company’s 50-day moving average is $86.38 and its 200-day moving average is $79.17. The last stock close price is up 15.81% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,524,080 shares of the stock were exchanged, down from an average trading volume of 1,554,860

Reporting a possible downside of -0.12%, Jefferies bumped up the target of Workday (NYSE:WDAY) to $79.00

Previously on Friday September 16, 2016, Deutsche Bank reported about Workday (NYSE:WDAY) raised the target price from $75.00 to $85.00. At the time, this indicated a possible downside of -0.04%.

See Chart Below

Workday (NYSE:WDAY)

Workday has a 52 week low of $47.32 and a 52 week high of $92.46 The company’s market cap is currently $0.

A total of 34 analysts have released a research note on WDAY. Ten analysts rating the company a strong buy, nine analysts rating the company a buy, fifteen analysts rating the company a hold, one analyst rating the company a underperform, and finally one analyst rating the company a sell with a one year target of $78.94.

More About Workday (NYSE:WDAY)

Workday, Inc. is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. It operates in the cloud applications segment. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working. Its applications include Workday Financial Management, Workday Human Capital Management (HCM) and Workday Insight Applications. It also provides open, standards-based Web-services application programming interfaces, and pre-built packaged integrations and connectors. Workday Financial Management provides the finance functions of general ledger, global accounting, accounts payable, accounts receivable and cash management and asset management, among others.

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