Workday Stock Goes To Work On Its (Stellar) Composite Rating

The IBD SmartSelect Composite Rating for Workday (WDAY) increased from 94 to 97 Thursday. Is Workday stock on your watchlist?


The revised score means Workday stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.

Is Workday Stock In The Buy Zone?

Workday stock is currently forming a consolidation with a 282.87 entry. Look for the stock to break out in volume at least 40% higher than normal.

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Workday stock has a 94 EPS Rating, which means the software company’s recent quarterly and annual earnings growth is outpacing 94% of all stocks.

Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.

In Q2, the Pleasanton, Calif., company reported 46% EPS growth. Top-line growth increased 19%, up from 15% in the prior quarter. That marks one quarter of rising revenue increases.

Workday stock holds the No. 5 rank among its peers in the Computer Software-Enterprise industry group. TechTarget (TTGT) is the No. 1-ranked stock within the group.


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