Contrarian Play: Why Workday Stock Is a Buy After Guidance Cut

Workday TodayWDAYWorkday$249.99 -3.41 (-1.35$199.81▼$311.28P/E Ratio41.46Price Target$288.14Add to WatchlistWorkday NASDAQ: WDAY lowered its full-year guidance, which isn’t exactly a good thing. However, the company continues to expect solid double-digit growth and to sustain the pace next year, so the price implosion it caused is a likely opportunity to buy. This company lowered its guidance but remains the leader in its field, providing a scalable plug-and-play platform for financial and ...