Workday: Remaining Cautious In The Near Term

Nov. 25, 2022 7:30 AM ETWorkday, Inc. (WDAY)ORCL, SAP, SAPGF2 Comments


  • Channel checks suggests that Workday is still holding on, while expectations increase for future deal delays.
  • Workday's investor day provided near-term optimism as management provided a path to achieving its longer-term revenue and margin targets.
  • Last quarter results were a reprieve for the first quarter results as it came in better than expected.
  • My 1-year target price for Workday is at $123, implying 16% downside from current levels.
Handshake for the new agreement

filadendron/E+ via Getty Images

Investment thesis

Workday (NASDAQ:WDAY) will be reporting its third quarter results soon and I take some time to review my analysis of the company. Firstly, based on some checks with Workday's partners and customers, while the demand for Workday continues to be

This article was written by

Simple Investing profile picture
High conviction growth and value ideas for long-term outperformance

I am a portfolio manager with experience working for a hedge fund and a long-only equity fund with more than $1 billion in assets under management and I have a track record for outperformance in my portfolio. 

Focused on long term investing, I believe in a barbell strategy in a portfolio, where there are both growth and value elements, which will be reflected in my articles. 

I will be running a Marketplace service, Outperforming the Markets, where I will share with you The Barbell Portfolio, which consists of high conviction growth and value stocks to help you outperform in the long-term, as well as The Price Target Report, which tells subscribers how much discount the stock is trading to intrinsic value and the upside potential. Lastly, subscribers will be able to get direct access to me and can ask me anything about the investment process or stock picks.

CFA charter holder and graduated with degrees in Finance and Accounting.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Recommended For You

Comments (2)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.