Workday, Inc. (WDAY): A Bull Case Theory

We came across a bullish thesis on Workday, Inc. (WDAY) on Twitter by TechFundies. In this article, we will summarize the bulls’ thesis on WDAY. Workday, Inc.'s share was trading at $244.48 as of Oct 18^th. WDAY’s trailing and forward P/E were 42.15 and 29.24 respectively according to Yahoo Finance.

[caption id="attachment_1214615" align="aligncenter" width="768"] An employee working in a modern office space, overseeing software-as-a-service solutions.[/caption]

Workday’s analyst day didn’t bring many surprises, but it reinforced the company’s growth prospects and...