On June 1, Workday rose 5.46% in regular trading, trading at $154.42/share, with trading volume of $408 million. The rally was driven by a combination of better-than-expected Q1 earnings, multiple investment bank target price upgrades, and an expanded strategic partnership with Google Cloud.
Workday reported Q1 revenue of $2.54 billion, up 13.5% year-over-year, beating market expectations. Adjusted earnings per share came in at $2.66, surpassing the consensus estimate of $2.51. The company raised its full-year non-GAAP operating margin guidance to 30.5%, while AI agent customers exceeded 4,000, doubling from the prior quarter. Multiple investment banks including Daiwa Securities (target $170, Buy), UBS ($140, Neutral), and Bank of America ($140, Neutral) have recently raised or initiated coverage with higher target prices, helping repair the stock's prior 10%+ decline from sector-wide selling pressure.
Additionally, Workday and Google Cloud announced an expansion of their strategic partnership to deeply integrate AI assistants into enterprise HR and financial workflows, further reinforcing the company's AI monetization trajectory.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments