Workday stock forecast ahead of earnings: buy, sell, or hold?

Workday (WDAY) is set to report earnings on Thursday, with management expected to address acquisition rumors alongside its quarterly results. The stock last traded around $194, down from its year-to-date high of $227, implying a muted near-term setup heading into the print. Market reaction is likely to hinge on any confirmation/denial of deal activity and the earnings outlook.