Will This Price Target Upgrade Help Workday (WDAY) Stock Today?

NEW YORK (TheStreet) -- Barclays increased its price target on Workday  (WDAY) to $89, increased its estimates and set an "equal weight" rating. The firm said the move reflects higher billings and the company's new guidance.

The stock was down 1.44% to $89 in pre-market trading Thursday.

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Separately, TheStreet Ratings team rates WORKDAY INC as a "sell" with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

"We rate WORKDAY INC (WDAY) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and feeble growth in its earnings per share."

You can view the full analysis from the report here: WDAY Ratings Report

WDAY Chart WDAY data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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