Time for Investors to Take the Plunge on Workday, Inc. (NYSE:WDAY)

Equity Research firms currently have a positive stance on shares of Workday, Inc. (NYSE:WDAY). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.50. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $86.97 on a short term basis.

At the time of writing, the stock was trading at $90.37. This represents a change from the opening price of -0.89%. In terms of performance, year to date, the stock is 14.43%. The monthly stock performance comes in at 3.74%. For the quarter, shares are performing at 25.51%. Weekly performance analysis shows the equity at 3.24%.

In taking a look at technical levels, shares are trading 5.96% away from the 50 day simple moving average and 19.40% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -2.26% away from it’s 52- week high and 90.98% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Workday, Inc.’s RSI stands at 57.66. In looking at volatility levels, the shares saw weekly volatility of 1.86% and 1.92% over the past month.

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