Workday stock forecast long-term Workday stock forecast

Long-term Workday stock forecast outlook sees potential CAGR of 15% over the next five years, supported by persistent digital transformation needs in human capital and finance automation. Revenue visibility is high, which bolsters analyst confidence. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. In this scenario, the stock price could begin rebounding immediately and advance to the $260 level quickly. The critical support target is near $210, and the resistance target is near the cluster of moving averages at $235. Updated Workday stock forecast models project FY2024 revenue exceeding $6.5B, driven by international expansion. Europe and Asia-Pacific deployments are increasing, mitigating U.S. market saturation risk.