Workday Inc Class A

WDAY: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$437.00	Mwzv	Fgvhkprvj

Workday Earnings: Workday Shares Approaching Our $270 Fair Value After Exceptional Performance

Julie Bhusal Sharma ,

Aug 23, 2024

Wide-moat Workday reported a solid second-quarter result, with the top- and bottom lines exceeding our expectations. We are reiterating our $270 fair value estimate as we remain confident in Workday’s strong footing in the enterprise resource planning market. The firm’s strategic focus on innovation and its expanding ecosystem anchors our faith in its long-term growth potential. With shares up 11% after-hours, the stock is approaching our fair value estimate.

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