Workday stock saw an improvement in its IBD SmartSelect Composite Rating Friday, from 94 to 97.
The upgrade means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Is Workday Stock A Buy?
Workday stock is currently forming a long and wide cup without handle, with a 311.28 entry. Look for the stock to break out in volume at least 40% above average.
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The tech stock sports a 97 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 97% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
Workday Earnings
In Q3, the computer enterprise software company posted 21% EPS growth. Sales growth fell to 16%, down from 17% in the previous quarter.
Workday stock earns the No. 15 rank among its peers in the Computer Software-Enterprise industry group. Klaviyo, Cloudflare and ServiceNow are among the top 5 highly-rated stocks within the group. Check out "These Are The 5 Best Stocks To Buy And Watch Now."
