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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 $306.62, up 2.56% from the previous day, and has increased 66.31% in one year. It has overperformed other stocks in the Software - Application industry by 0.38 percentage points. Workday stock is currently +76.16% from its 52-week low of $174.06, and -0.76% from its 52-week high of $308.98.

As of Feb 22, 2024, there are 263M shares of WDAY outstanding. The market cap of WDAY is $80.64B. In the last 24 hours, 1.74M 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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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
$306.62
1w %
0.5%
1y %
66.31%
5y %
57.48%
P/E
1,277.58x
P/B
12.17x
P/S
11.51x
PEG
17.2x
Revenue
$6.98B
Earnings
$66.81M
Fore. Rev. Growth
18.04%
Fore. Earn. Growth
74.26%
Market Cap
$80.64B
Next Earnings
Feb 26, 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 overvalued based on its P/E ratio of 1,277.58x, relative to Software - Application industry P/E ratio of 116.39x
  • WDAY could be overvalued based on its P/B ratio of 12.17x, relative to Software - Application industry P/B ratio of 6.93x
  • WDAY may be overvalued based on its PEG ratio of 17.2x

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

How do WDAY Financials look?

Passed Health Checks:

  • There are more short-term assets than long-term liabilities on the WDAY balance sheet.
  • WDAY profit margin has gone up from -5.3% to 1% in the past year.
  • WDAY's operating cash flow of $1.85B allows it to safely service it's debt of $3.28B.
  • There are more short-term assets than short-term liabilities on the WDAY balance sheet.
  • Total WDAY debt is lower than 5 years ago, relative to shareholder equity.
  • WDAY earnings of $140.05M is not enough to cover its interest payments.

Failed Health Checks:

  • WDAY has a relatively high debt to equity ratio of 1.1.

Is WDAY stock a Buy, Hold, or Sell, according to analysts?

Out of 26 Wall Street analysts who track WDAY, the consensus analyst rating on Workday is a Buy

It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.

Most Recent WDAY Analyst Upgrades/Downgrades

Patrick Walravens, a top 18% analyst from JMP Securities maintains WDAY with a buy rating and raises their WDAY price target from $270.00 to $315.00, on Jan 22, 2024.

Brent A. Bracelin, a top 1% analyst from Piper Sandler reiterates WDAY with a strong buy rating and maintains their WDAY price target from $330.00 to $330.00, on Jan 17, 2024.

Siti Panigrahi, a bottom 10% analyst from Mizuho maintains WDAY with a strong buy rating and raises their WDAY price target from $260.00 to $290.00, on Nov 29, 2023.

Brad Reback, a top 6% analyst from Stifel Nicolaus maintains WDAY with a hold rating and raises their WDAY price target from $230.00 to $250.00, on Nov 29, 2023.

Keith Weiss, a top 1% analyst from Morgan Stanley maintains WDAY with a strong buy rating and raises their WDAY price target from $245.00 to $295.00, on Nov 29, 2023.

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

WDAY Trading Indicators

SMA10
301.69
SMA20
297.21
SMA50
285.06
SMA100
256.31
SMA200
239.07
MACD
5.78
MACD Signal
5.99
MACD Histogram
-0.21
RSI
63.54
Stochastic %K
73.52
Stochastic %D
72.74
StochRSI %K
35.84
StochRSI %D
39.22

How are WDAY Revenues/Earnings doing?

Last year, WDAY earnings were $66.81M. Over the last 2 year, WDAY's earnings have gone up by 47.71% per year. This was faster than the Software - Application industry average of 11.71%.

Last year, WDAY revenue was $6.98B. In the past five year, WDAY's revenue has gone up by 21.7% per year. This was slower than the Software - Application industry average of 30.78%.

You can analyze WDAY's earnings and revenue performance here.

What are WDAY executives and large shareholders up to?

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 $3,540,143.87 worth of WDAY shares on Jan 12, 2024.

Learn more about who owns WDAY shares here.

Does WDAY stock generate passive income?

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

WDAY Social Trading Data

One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to find out what other community members have to say.

Step 5: Execute your WDAY trade

You have two primary types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are generally sufficient.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at a given dollar amount, place a limit order.

Press 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 stay up-to-date on your investment.

Start a watchlist to keep tabs on your WDAY stock.

WDAY Feed

How to Buy Stock in Workday

To summarize, 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 require a brokerage, eToro is our recommended option.

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 would like to get notifications regarding your new investment in Workday, hit the button below to create your watchlist.

NASDAQ: WDAY
$306.62+7.66 (+2.56%)
Updated Feb 22, 2024
Open eToro Account
NASDAQ: WDAY
$306.62+7.66 (+2.56%)
Updated Feb 22, 2024
Open eToro Account

FAQ

How much does it cost to buy one Workday share?

As of Feb 22, 2024, it costs $306.62 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 0.326 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 26 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.