Workday (NASDAQ:WDAY) Price Target Lowered to $175.00 at BTIG Research

Workday (NASDAQ:WDAY) had its price objective cut by investment analysts at BTIG Research from $230.00 to $175.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. BTIG Research’s price objective indicates a potential upside of 34.38% from the company’s current price.

A number of other equities analysts have also commented on WDAY. Cantor Fitzgerald set a $200.00 price objective on Workday in a research note on Monday. Needham & Company LLC reissued a “buy” rating and set a $300.00 target price on shares of Workday in a research note on Wednesday. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Workday from $265.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. UBS Group lowered their price objective on Workday from $240.00 to $170.00 and set a “neutral” rating for the company in a research report on Tuesday, February 10th. Finally, Zacks Research lowered Workday from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and sixteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and an average target price of $233.16.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $130.23 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.83 and a current ratio of 1.83. Workday has a 52 week low of $125.83 and a 52 week high of $281.00. The firm has a market cap of $34.25 billion, a PE ratio of 54.72, a price-to-earnings-growth ratio of 1.11 and a beta of 1.13. The firm’s fifty day moving average is $184.46 and its 200-day moving average is $213.51.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.15. Workday had a return on equity of 10.50% and a net margin of 6.95%.The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the company earned $1.92 EPS. Workday’s revenue for the quarter was up 14.5% compared to the same quarter last year. Sell-side analysts predict that Workday will post 2.63 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Mark S. Garfield sold 953 shares of the firm’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $209.56, for a total value of $199,710.68. Following the transaction, the chief accounting officer owned 35,336 shares of the company’s stock, valued at approximately $7,405,012.16. This trade represents a 2.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gerrit S. Kazmaier sold 3,759 shares of Workday stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $208.73, for a total value of $784,616.07. Following the transaction, the insider owned 105,167 shares of the company’s stock, valued at $21,951,507.91. This trade represents a 3.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 370,321 shares of company stock worth $78,866,401 in the last quarter. Insiders own 20.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Brighton Jones LLC grew its holdings in Workday by 230.2% during the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock worth $1,033,000 after buying an additional 2,792 shares in the last quarter. Empowered Funds LLC boosted its holdings in Workday by 12.1% during the 1st quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock worth $2,602,000 after acquiring an additional 1,206 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Workday by 211.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after acquiring an additional 127 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Workday in the 2nd quarter worth $281,000. Finally, D.A. Davidson & CO. raised its holdings in shares of Workday by 8.6% in the second quarter. D.A. Davidson & CO. now owns 1,738 shares of the software maker’s stock valued at $417,000 after purchasing an additional 137 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday News Roundup

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Q4 beats — Workday reported better‑than‑expected fiscal Q4 results: revenue and EPS topped consensus and subscription revenue grew year‑over‑year, underpinned by strong cash flow. Workday Q4 results press release
• Positive Sentiment: Analyst buy thesis remains for some — Needham reaffirmed a Buy and kept a $300 price target, arguing AI investments offer long‑term upside despite near‑term headwinds. Needham buy rating
• Neutral Sentiment: Leadership/AI strategy — Workday has emphasized agentic AI as a growth driver and recently brought back a founder CEO, a strategic pivot that could help execution but adds uncertainty about near‑term priorities. CEO return and AI focus
• Neutral Sentiment: Broader software sell‑off — The pullback in software names and macro uncertainty amplified the reaction to Workday’s guidance, meaning market moves reflect sector trends as well as company specifics. Software sector pressure
• Negative Sentiment: Guidance miss — Management forecast FY‑2027 subscription revenue below Street estimates (and guided for slower subscription growth), signaling weaker new‑client wins as corporate tech spend moderates. Revenue guidance below estimates
• Negative Sentiment: Margins and AI investment cost — Workday warned of margin pressure as it accelerates AI investments and guidance for adjusted operating income was cautious, pressuring investor sentiment about near‑term profitability. Margin outlook and AI costs
• Negative Sentiment: Analyst reactions — Several brokers pared targets or downgraded WDAY (Jefferies, Mizuho among them); JPMorgan lowered its target too, increasing near‑term selling pressure. Jefferies cut Mizuho downgrade (summary) JPM price‑target move (summary)

Workday Company Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.