Workday, Inc. (NASDAQ: WDAY) is a leading provider of cloud-based enterprise software solutions for human capital management (HCM), financial management, and analytics. It helps organizations optimize workforce and financial operations with scalable, flexible tools to enhance business performance.
Key Takeaways:
- Workday’s stock price is projected to see significant growth over the next three decades.
- The company’s focus on cloud-based solutions positions it well for future success.
- Continuous innovation in Human Capital Management (HCM) and Finance Management products will drive growth.
Overview of Workday, Inc.
Workday, Inc., founded in 2005 by enterprise software veterans David Duffield and Aneel Bhusri, set out to transform human capital and financial management with cloud-based solutions. Their first product, Workday Human Capital Management, debuted in 2006, quickly gaining market traction.
The company’s successful 2012 IPO valued it at $9.5 billion, marking a significant milestone in tech industry offerings. By 2020, Workday’s commitment to innovation and employee satisfaction earned it recognition as one of Fortune’s “Top 100 Companies to Work For.”
Workday, Inc. Company Profile
| Country | United States |
| Ticker Symbol | WDAY |
| Exchange | NASDAQ |
| Founded | 2005 |
| IPO Date | 2012 |
| Industry | Software – Application |
| Sector | Technology |
| Employees | 19,908 |
| CEO | Carl M. Eschenbach |
| Market Cap (September 20, 2024) | $65.30 billion |
| Website | workday |
Workday, Inc. (WDAY) Balance Sheet Analysis
Workday, Inc. (NASDAQ: WDAY) reported a robust balance sheet for fiscal year 2024, with total assets reaching $16.45 billion, up 22% from the previous year. Total liabilities stood at $8.37 billion, while total equity grew to $8.08 billion.
The company’s liquidity position remained strong, with working capital of $4.88 billion and net tangible assets of $4.98 billion. Total debt slightly increased to $3.30 billion, but net debt decreased to $0.97 billion, indicating improved cash management.
Workday’s capitalization reached $11.06 billion, reflecting the company’s growing resource base. Common stock equity and tangible book value both stood at $8.08 billion and $4.98 billion, respectively.
The balance sheet shows 266.86 million shares issued and 263.86 million ordinary shares outstanding. Overall, Workday’s 2024 financials demonstrate solid growth and a strong foundation for future expansion.
Balance Sheet Data Source: finance.yahoo
Workday, Inc. Stock Price History
Workday, Inc. (NASDAQ: WDAY) had its IPO in the year 2012. Workday, Inc. (NASDAQ: WDAY) reached its all-time high on February 26, 2024, with a stock price of $311.28.
As of September 19, 2024, Workday’s stock price stands at $247.43.
WDAY Stock Price Forecast 2024
In 2024, we expect Workday’s stock to continue its upward trend. The company’s focus on cloud-based solutions and its strong position in the HCM and financial management markets will likely drive growth. Workday’s Human Capital Management suite, including core HR functions and talent acquisition tools, is expected to see increased adoption. The integration capabilities of Workday’s products with third-party applications may enhance its appeal to a broader range of enterprises.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $235.00 | $272.17 | $326.60 |
We project a potential growth of 10% from the current price of $247.43 to an average price of $272.17 by the end of 2024.
WDAY Stock Price Forecast 2025
As Workday continues to expand its product offerings and customer base, we anticipate further stock price appreciation in 2025. The company’s Workday Payroll and Absence Management solutions are gaining traction, providing seamless integration with other Workday products. The global payroll processing capabilities of Workday Payroll may be particularly attractive to multinational corporations looking for unified HR solutions.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $285.78 | $299.39 | $389.21 |
Our forecast suggests a 10% increase from the 2024 average, reaching an average price of $299.39 in 2025.
WDAY Stock Price Forecast 2026
The year 2026 could see Workday strengthening its market position, potentially leading to continued stock price growth. Workday Financial Management is expected to see increased adoption, offering organizations a unified platform for financial planning and reporting. The advanced analytics and reporting capabilities may give Workday an edge in helping organizations make data-driven decisions.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $329.33 | $344.30 | $447.59 |
We project a 15% increase from 2025, with an average price of $344.30 in 2026.
WDAY Stock Price Forecast 2027
As Workday’s innovative products gain more traction, we expect the stock price to reflect this success in 2027. The company’s Spend Management solution is anticipated to help organizations better manage their purchasing, invoicing, and expense reporting processes. The mobile accessibility of Workday’s solutions may be a key factor in driving adoption among businesses with remote or distributed workforces.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $378.73 | $395.95 | $514.74 |
Our forecast indicates a 15% rise from 2026, reaching an average of $395.95 in 2027.
WDAY Stock Price Forecast 2028
In 2028, Workday’s continued focus on cloud-based solutions and analytics could drive further stock price appreciation. Workday Adaptive Planning is expected to gain popularity, offering organizations a robust cloud-based financial planning and budgeting solution. The scalability of Workday’s cloud-based architecture may appeal to rapidly growing companies looking for flexible enterprise solutions.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $435.55 | $455.54 | $592.20 |
We anticipate a 15% increase from 2027, with an average price of $455.54 in 2028.
WDAY Stock Price Forecast 2029
As Workday expands its global presence, we expect this growth to be reflected in its stock price for 2029. The company’s Prism Analytics platform is anticipated to provide organizations with advanced data visualization and analytics capabilities. The integration of Prism Analytics with other Workday products may offer a competitive advantage in the enterprise software market.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $500.89 | $523.87 | $654.84 |
Our projection shows a 15% rise from 2028, reaching an average of $523.87 in 2029.
WDAY Stock Price Forecast 2030
By 2030, Workday’s innovative products and strong market position could lead to significant stock price growth. The company’s Student Information System is expected to gain traction in educational institutions, offering a comprehensive cloud-based solution.
The customization options available in Workday’s products may allow educational institutions to tailor the system to their specific needs. As educational institutions adopt comprehensive cloud solutions, other tech companies like Synopsys are also seeing growth potential. For more insights, see our Synopsys stock prediction.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $576.26 | $602.45 | $753.06 |
We forecast a 15% increase from 2029, with an average price of $602.45 in 2030.
WDAY Stock Price Forecast 2031
In 2031, Workday’s continued focus on HCM and financial management solutions could drive further stock appreciation. The company’s Recruiting module is anticipated to streamline hiring processes for organizations, from job posting to onboarding. The integration of Workday Recruiting with other HCM modules may provide a seamless experience for both HR professionals and job candidates.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $662.70 | $692.82 | $866.03 |
Our projection indicates a 15% rise from 2030, reaching an average of $692.82 in 2031.
WDAY Stock Price Forecast 2032
As Workday’s products become increasingly integral to businesses worldwide, we expect this to be reflected in its 2032 stock price. The company’s Learning platform is expected to see increased adoption, providing organizations with tools to manage employee training and development. The ability to track and measure the impact of learning programs may be particularly valuable to companies focused on employee development.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $762.10 | $796.74 | $995.93 |
We anticipate a 15% increase from 2031, with an average price of $796.74 in 2032.
WDAY Stock Price Forecast 2033
In 2033, Workday’s ongoing innovation in cloud-based solutions could lead to continued stock price growth. The company’s Time Tracking solution is expected to offer flexible options for both hourly and salaried employees, increasing its appeal to a wide range of organizations. The integration of Time Tracking with Payroll and Absence Management may provide a comprehensive workforce management solution.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $876.41 | $916.25 | $1,145.31 |
Our forecast suggests a 15% rise from 2032, reaching an average of $916.25 in 2033.
WDAY Stock Price Forecast 2034
As Workday continues to expand its product offerings, we expect this growth to positively impact its stock price in 2034. The company’s Succession Planning tool is anticipated to help organizations identify and develop potential leaders, addressing a critical need in talent management. The ability to integrate succession planning with performance management and learning may provide a holistic approach to leadership development.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $1,007.88 | $1,053.69 | $1,317.11 |
We project a 15% increase from 2033, with an average price of $1,053.69 in 2034.
WDAY Stock Price Forecast 2035
By 2035, Workday’s strong position in the enterprise software market could lead to further stock appreciation. The company’s Revenue Management solution is expected to support organizations in managing complex revenue recognition and contract management processes. The integration with Financial Management may provide a comprehensive solution for finance teams dealing with evolving revenue recognition standards.
While Workday focuses on enterprise software, companies in other sectors are also showing promise for long-term growth. Check out our Kenvue stock forecast for a perspective on the consumer health industry.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $1,159.06 | $1,211.74 | $1,514.68 |
Our forecast indicates a 15% rise from 2034, reaching an average of $1,211.74 in 2035.
WDAY Stock Price Forecast 2036
In 2036, Workday’s continued focus on innovation and customer satisfaction could drive additional stock price growth. The company’s Treasury Management solution is anticipated to help organizations better manage cash flow and risk, addressing critical financial management needs. The integration with other financial modules may provide real-time visibility into an organization’s financial position.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $1,332.91 | $1,393.50 | $1,741.88 |
We anticipate a 15% increase from 2035, with an average price of $1,393.50 in 2036.
WDAY Stock Price Forecast 2037
As Workday’s products become even more sophisticated, we expect this to be reflected in its 2037 stock price. The company’s Procurement solution is expected to streamline the entire procurement process, from sourcing to payment, offering significant value to organizations. The integration with Spend Management may provide comprehensive control over organizational expenses.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $1,532.85 | $1,602.53 | $2,003.16 |
Our projection shows a 15% rise from 2036, reaching an average of $1,602.53 in 2037.
WDAY Stock Price Forecast 2038
In 2038, Workday’s strong market position and innovative products could lead to continued stock appreciation. The company’s Strategic Planning tool is anticipated to help organizations develop and execute long-term strategies more effectively. The integration with Financial Management and HCM modules may allow for more accurate and agile strategic planning processes.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $1,762.78 | $1,842.91 | $2,303.64 |
We forecast a 15% increase from 2037, with an average price of $1,842.91 in 2038.
WDAY Stock Price Forecast 2039
As Workday continues to adapt to changing market needs, we expect this agility to be reflected in its 2039 stock price. The company’s Workforce Planning solution is expected to gain traction, helping organizations plan for future staffing needs more effectively. The integration with HCM and Financial Management may provide a comprehensive view of workforce costs and needs.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $2,027.20 | $2,119.35 | $2,649.19 |
Our projection indicates a 15% rise from 2038, reaching an average of $2,119.35 in 2039.
WDAY Stock Price Forecast 2040
By 2040, Workday’s long-term strategy and market leadership could result in significant stock price growth. The company’s Extensions platform is anticipated to offer even more customizable solutions to meet specific business needs across various industries. The flexibility provided by Extensions may allow Workday to address niche market requirements while maintaining a unified platform.
As Workday continues to innovate in enterprise software, other tech companies are also positioning themselves for future growth. For another long-term tech stock analysis, see our CDN stock price prediction.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $2,331.29 | $2,437.25 | $3,046.56 |
We anticipate a 15% increase from 2039, with an average price of $2,437.25 in 2040.
WDAY Stock Price Forecast 2050
Looking ahead to 2050, we expect Workday to maintain its position as a leader in enterprise software, potentially leading to substantial stock price appreciation. The company’s continuous innovation in cloud-based solutions, analytics, and AI-driven technologies is expected to keep it at the forefront of the industry. The integration of advanced technologies across all Workday products may provide unparalleled insights and efficiencies for organizations.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $8,265.00 | $8,700.00 | $10,875.00 |
Our long-term forecast projects significant growth, with an average price of $8,700.00 in 2050. This represents a remarkable increase from the 2040 average price, reflecting our confidence in Workday’s ability to innovate and adapt to future market demands.
Conclusion
Our analysis suggests that Workday, Inc. (NASDAQ: WDAY) has strong potential for long-term growth. We project an average of $8,700.00 in 2050, we anticipate a compound annual growth rate (CAGR) of approximately 14.5% over this 26-year period.
FAQs
1. What is the future of WDAY share price?
Based on our analysis, the future of Workday (WDAY) share price looks promising. We project steady growth from $272.17 in 2024 to $2,437.25 by 2040, representing a compound annual growth rate of approximately 15%. This growth is expected to be driven by Workday’s continued innovation in cloud-based enterprise solutions, expansion of its product offerings, and increasing market penetration. By 2050, we forecast the average share price could reach $8,700.00, reflecting the company’s potential for long-term success and adaptation to evolving market needs.
2. Is WDAY a good long-term stock?
WDAY appears to be a strong candidate for long-term investment. The company’s focus on cloud-based Human Capital Management (HCM) and Financial Management solutions positions it well in a growing market. Workday’s continuous product innovation, expanding customer base, and ability to integrate its various modules into comprehensive enterprise solutions suggest potential for sustained growth. The projected steady increase in share price over the next several decades indicates that WDAY could be a valuable addition to a long-term investment portfolio.
3. What is the WDAY 10 year outlook?
The 10-year outlook for WDAY is positive. From 2024 to 2034, we project the share price to grow from $272.17 to $1,053.69, representing a nearly fourfold increase. During this period, Workday is expected to strengthen its market position through enhancements to its core products like HCM and Financial Management, while also expanding into new areas such as analytics, planning, and industry-specific solutions. The company’s cloud-based model and focus on integration should continue to appeal to organizations seeking comprehensive, scalable enterprise solutions.
4. Is WDAY a buy hold or sell?
Given our projections for steady long-term growth, WDAY could be considered a “buy” or “hold” for investors with a long-term perspective. The consistent year-over-year growth in our forecast suggests that holding WDAY shares could yield significant returns over time. For those not currently holding WDAY, buying at current levels could be advantageous given the projected future appreciation.
5. Who are the major competitors of WDAY?
The major competitors of Workday, Inc. (NASDAQ: WDAY):
- SAP SE (NYSE: SAP): SAP is a global leader in enterprise application software, offering ERP, analytics, and human capital management (HCM) solutions.
- Oracle Corporation (NYSE: ORCL): Oracle offers cloud-based HCM solutions, ERP, and other enterprise services, directly competing with Workday’s cloud offerings.
- Microsoft Corporation (NASDAQ: MSFT): Microsoft’s Dynamics 365 provides ERP, CRM, and cloud solutions, a strong competitor to Workday’s HCM and financial management services.
- ADP, Inc. (NASDAQ: ADP): ADP is a leading payroll and HCM services provider, competing with Workday in HR management and payroll processing.
- Salesforce, Inc. (NYSE: CRM): Salesforce’s cloud-based CRM and analytics tools, especially with its MuleSoft and Tableau acquisitions, overlap with Workday’s analytics offerings.
- Ceridian HCM Holding, Inc. (NYSE: CDAY): Ceridian is a prominent HCM and payroll software provider, competing with Workday in human capital management.
- IBM Corporation (NYSE: IBM): IBM offers AI-driven enterprise software solutions, including cloud-based services for HCM and data management, competing with Workday.
- Ultimate Software Group, Inc. (Now part of UKG): UKG, formed by Ultimate Software and Kronos merger, provides HCM, payroll, and workforce management solutions, competing with Workday.
- Infor (Owned by Koch Industries): Infor provides cloud ERP and HCM software solutions for enterprises, directly competing with Workday’s financial and HR products.
- Intuit Inc. (NASDAQ: INTU): Intuit offers financial management and payroll solutions through QuickBooks, posing competition to Workday’s financial management software.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
