Key Stats for Workday Stock
- Price change for Workday stock: 6%
- $WDAY Stock Price as of Sep. 17: $199
- 52-Week High: $250
- $WDAY Stock Price Target: $209
Now Live: Discover how much upside your favorite stocks could have using TIKR’s new Valuation Model (It’s free)>>>
What Happened?
Workday (WDAY) stock jumped after CNBC’s David Faber reported that financing talks for a potential take-private deal are still moving forward.
Faber said he’s hearing “a bit more optimism” that a deal could happen, citing people familiar with the matter.
According to his sources, teams are putting together financing packages, and equity is being raised in a meaningful way.
This isn’t the first time Workday stock has moved on take-private chatter.
Back on August 13, shares jumped 18% after Reuters reported that private equity firm Silver Lake was in talks to acquire the company.
Silver Lake could bring in additional investors to help fund a deal of this size, given Workday’s scale.
The recent update is notable for its shift in tone. Just last month, Faber had cautioned that financing for a Workday deal might be difficult to pull together.
Now he’s striking a more optimistic note, saying financing packages and equity commitments appear to be coming together.
That change in tone is likely why Workday stock is reacting as strongly as it is today.
Remember, nothing is confirmed yet.
These reports are based on unidentified sources, and no formal deal has been announced.
Still, the market is clearly paying attention every time new details emerge about the financing side of a potential transaction.
See analysts’ growth forecasts and price targets for Workday stock (It’s free) >>>
What the Market Is Telling Us About Workday Stock
Today’s move shows how sensitive Workday stock has become to any headline about a take-private deal.
A jump of this magnitude on sourced reporting, rather than a confirmed announcement, tells you investors see real odds that a deal gets done.
At the same time, the swings between cautious and optimistic reporting over the past month show how fluid the financing situation still is.
Until there’s a signed agreement, expect Workday stock to keep moving with every new report on how the financing talks are progressing.
Estimate a company’s fair value instantly (Free with TIKR) >>>
How Much Upside Does Workday Stock Have From Here?
With TIKR’s new Valuation Model tool, you can estimate a stock’s potential share price in under a minute.
All it takes is three simple inputs:
- Revenue Growth
- Operating Margins
- Exit P/E Multiple
If you’re not sure what to enter, TIKR automatically fills in each input using analysts’ consensus estimates, giving you a quick, reliable starting point.
From there, TIKR calculates the potential share price and total returns under Bull, Base, and Bear scenarios so you can quickly see whether a stock looks undervalued or overvalued.
See a stock’s true value in under 60 seconds (Free with TIKR) >>>
Looking for New Opportunities?
- See what stocks billionaire investors are buying so you can follow the smart money.
- Analyze stocks in as little as 5 minutes with TIKR’s all-in-one, easy-to-use platform.
- The more rocks you overturn… the more opportunities you’ll uncover. Search 100K+ global stocks, global top investor holdings, and more with TIKR.
Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
