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How to Buy Workday Stock

Workday Inc

Workday, Inc. provides enterprise cloud applications in the United States and internationally.

Workday stock last closed at $272.75, down 0.32% from the previous day, and has increased 43.79% in one year. It has overperformed other stocks in the Software - Application industry by 0.06 percentage points. Workday stock is currently +56.53% from its 52-week low of $174.25, and -12.38% from its 52-week high of $311.28.

As of Mar 28, 2024, there are 264M shares of WDAY outstanding. The market cap of WDAY is $72.01B. In the last 24 hours, 1.24M WDAY shares were traded.

How to Buy Workday Stock

Wondering how to invest in Workday stock? Here's how.
  1. Decide where to buy Workday stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you choose where to buy Workday stock.
  2. Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Fund your brokerage account: Choose your payment method and add your details.
  4. Analyze Workday stock: The Workday ticker symbol is WDAY. Is Workday stock a good investment? Should you buy shares of WDAY? How do WDAY's underlying business fundamentals look? Do top analysts think Workday is a good buy? Why has WDAY's stock price moved recently? (Hint: Our stock research website can help you understand if WDAY is a good stock to buy).
  5. Execute your WDAY trade: Decide if you will purchase WDAY shares at the current market price or use a limit order to buy WDAY stock at a given price.
  6. Get updates on your WDAY investment: Create a watchlist to track your investment in Workday shares.

Step 1: Decide where to buy Workday stock

You need an online brokerage account in order to access the NASDAQ market and buy WDAY shares.

A brokerage account is an investment account that allows you to buy and sell a variety of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for your brokerage account

Now that you've picked your brokerage, you need to fill out some personal info so you are able to invest in WDAY today.

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  2. Provide your personal details to open a new brokerage account.
  1. Send your information by hitting the "Create Account" button.
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Step 3: Fund your brokerage account

Now that you've filled out your info on the best stock investing app, your next step is to transfer the money for your investment:

Check out the tutorial below to see the process of transferring funds into your brokerage account.

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Step 4: Analyze Workday stock

After you have selected the best place to buy Workday stock, it's critical to research their stock before you buy, so you can comprehend the risk as well as the upside.

Workday stock data

WDAY Price
$272.75
1w %
-1.35%
1y %
43.79%
5y %
43.4%
P/E
51.66x
P/B
8.91x
P/S
9.82x
PEG
N/A
Revenue
$7.26B
Earnings
$1.38B
Fore. Rev. Growth
16.15%
Fore. Earn. Growth
-37.81%
Market Cap
$72.01B
Next Earnings
May 23, 2024
Next Dividend
N/A

Workday Fundamentals

WallStreetZen was built to help everyday investors do better fundamental analysis.

You can view all of the due diligence checks on WDAY's stock page.

How is WDAY stock valued?

Analysts use many financial metrics, analyses, models, and charts to gauge WDAY's true value.

Using relative valuations metrics:

  • WDAY could be undervalued based on its P/E ratio of 51.66x, relative to Software - Application industry P/E ratio of 101.29x
  • WDAY could be overvalued based on its P/B ratio of 8.91x, relative to Software - Application industry P/B ratio of 6.92x

You can do more valuation research on WDAY's stock here.

WDAY Financial Health

Passed Health Checks:

  • There are more short-term assets than short-term liabilities on the WDAY balance sheet.
  • There are more short-term assets than long-term liabilities on the WDAY balance sheet.
  • WDAY profit margin has gone up from -5.9% to 19% in the past year.
  • WDAY earnings of $356.00M is not enough to cover its interest payments.
  • Total WDAY debt is lower than 5 years ago, relative to shareholder equity.
  • WDAY's operating cash flow of $2.15B allows it to safely service it's debt of $3.30B.

Failed Health Checks:

  • WDAY has a relatively high debt to equity ratio of 1.04.

Is it a good time to buy WDAY stock, according to analysts?

Out of 20 Equities analysts who monitor WDAY, the consensus analyst rating on WDAY is a Buy

It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.

Most Recent WDAY Analyst Recommendations

Gil Luria, a top 14% analyst from DA Davidson reiterates WDAY with a hold rating and maintains their WDAY price target from $300.00 to $300.00, on Feb 27, 2024.

Keith Weiss, a top 2% analyst from Morgan Stanley maintains WDAY with a strong buy rating and lowers their WDAY price target from $335.00 to $330.00, on Feb 27, 2024.

Siti Panigrahi, a bottom 11% analyst from Mizuho maintains WDAY with a strong buy rating and raises their WDAY price target from $290.00 to $325.00, on Feb 27, 2024.

Scott Berg, a top 11% analyst from Needham maintains WDAY with a buy rating and raises their WDAY price target from $300.00 to $350.00, on Feb 27, 2024.

Brad Reback, a top 9% analyst from Stifel Nicolaus maintains WDAY with a hold rating and raises their WDAY price target from $250.00 to $290.00, on Feb 27, 2024.

You can dive deeper into what analysts are saying on the Workday stock forecast page.

WDAY Technicals

SMA10
274.39
SMA20
272.57
SMA50
286.92
SMA100
272.68
SMA200
249.22
MACD
-3.23
MACD Signal
-4.07
MACD Histogram
0.84
RSI
42.3
Stochastic %K
66.88
Stochastic %D
73.25
StochRSI %K
81.63
StochRSI %D
88.99

WDAY Growth Metrics

Last year, WDAY earnings were $1.38B. In the last two year, WDAY's earnings have gone up by 563.32% per year. This was faster than the Software - Application industry average of 31.19%.

Last year, WDAY revenue was $7.26B. Over the past 5 year, WDAY's revenue has increased by 20.8% per year. This was slower than the Software - Application industry average of 27.52%.

Find out more about WDAY's earnings and revenue performance here.

Latest Insiders Trades at WDAY

In the past 12 months, insiders at WDAY have sold more shares than they have bought.

David A. Duffield, 10% Owner of WDAY, was the latest WDAY insider to sell. They sold $445,635.20 worth of WDAY stock on Mar 22, 2024.

Research more about who owns WDAY shares here.

Can I rely on WDAY as an income stream?

No, Workday doesn't provide an income stream by paying out dividends.

What do other traders have to say about WDAY?

One of the primary reasons eToro is our favorite brokerage is because of its social trading community.

Click below to see what other community members have to say.

Step 5: Execute your WDAY trade

There are two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are mostly fine for most investors.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a given dollar amount limit, use a limit order.

Hit the Open button and eToro will place the order.

If you want additional info about investing in stocks on eToro, watch the helpful video below:

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Step 6: Get updates on your WDAY investment

Now that you own some WDAY shares, you'll want to keep up with your new investment.

Start a watchlist to see the latest developments about your WDAY stock.

WDAY Feed

How to Buy Stock in Workday

To reiterate, here are the 6 steps to buy Workday stock:

  1. Decide where to buy Workday stock
  2. Sign up for your brokerage account
  3. Fund your brokerage account
  4. Analyze Workday stock
  5. Execute your WDAY trade
  6. Get updates on your WDAY investment

If you are looking for a place to buy stocks, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep an eye on your investment in Workday, hit the button below to create your watchlist.

NASDAQ: WDAY
$272.75-0.87 (-0.32%)
Updated Mar 28, 2024
Open eToro Account
NASDAQ: WDAY
$272.75-0.87 (-0.32%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Workday share?

As of Mar 28, 2024, it costs $272.75 to buy one share of Workday stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.367 shares of WDAY.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Workday stock?

According to 20 Wall Street analysts who monitor Workday, their consensus recommendation is to buy Workday stock.

What is the best way to buy Workday stock?

One way to place an order for Workday stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.