Risk/Reward Rating: Negative
Workday, which is a leading software provider of enterprise cloud applications for finance and human resources, faces stiff competition as evidenced by its expected sales growth falling to 15% for the current year. This is versus 19% the prior year which followed a year of 28% growth. Workday has exited its hypergrowth phase, yet its current valuation multiple is consistent with that of a hypergrowth company creating downside risk for the stock price.
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