Workday: Multiple Growth Opportunities Ahead

Following my coverage on Workday (NASDAQ: WDAY ) in Apr'24, in which I recommended a buy rating due to my expectation that revenue growth can accelerate back to the 20% level, resulting in more upward revisions in multiples, this post is to provide I take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequent ...