Workday (NASDAQ:WDAY) Price Target Lowered to $210.00 at Mizuho

Workday (NASDAQ:WDAY) had its target price dropped by Mizuho from $275.00 to $210.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the software maker’s stock. Mizuho’s target price indicates a potential upside of 58.21% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price objective on shares of Workday in a research report on Wednesday. Raymond James Financial reissued a “market perform” rating on shares of Workday in a report on Monday, February 9th. UBS Group dropped their price target on Workday from $240.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 10th. Loop Capital set a $280.00 price objective on shares of Workday in a research report on Wednesday, December 10th. Finally, BMO Capital Markets lowered their target price on shares of Workday from $204.00 to $182.00 and set an “outperform” rating for the company in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.53.

Workday Stock Up 1.9%

Shares of NASDAQ:WDAY traded up $2.51 during trading on Wednesday, reaching $132.74. The stock had a trading volume of 13,493,366 shares, compared to its average volume of 4,744,329. The firm’s 50-day simple moving average is $184.46 and its 200 day simple moving average is $213.51. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.34. Workday has a one year low of $117.76 and a one year high of $281.00. The company has a market capitalization of $34.91 billion, a P/E ratio of 55.57, a PEG ratio of 1.11 and a beta of 1.13.

Workday (NASDAQ:WDAY) last posted its earnings results on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.15. Workday had a net margin of 6.95% and a return on equity of 10.50%. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the company posted $1.92 earnings per share. Workday’s revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, research analysts expect that Workday will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling at Workday

In other Workday news, CAO Mark S. Garfield sold 953 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $209.56, for a total transaction of $199,710.68. Following the completion of the sale, the chief accounting officer directly owned 35,336 shares in the company, valued at approximately $7,405,012.16. The trade was a 2.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 82,884 shares of the stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $209.75, for a total transaction of $17,384,919.00. Following the completion of the sale, the insider owned 105,049 shares of the company’s stock, valued at approximately $22,034,027.75. The trade was a 44.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 370,321 shares of company stock worth $78,866,401. Corporate insiders own 20.00% of the company’s stock.

Institutional Trading of Workday

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AlphaQuest LLC increased its stake in Workday by 636.7% in the second quarter. AlphaQuest LLC now owns 1,886 shares of the software maker’s stock valued at $453,000 after purchasing an additional 1,630 shares during the last quarter. PKO Investment Management Joint Stock Co purchased a new stake in shares of Workday during the 3rd quarter worth approximately $1,805,000. Phoenix Financial Ltd. acquired a new position in shares of Workday in the 3rd quarter valued at $2,000,000. Rakuten Investment Management Inc. acquired a new position in shares of Workday in the 3rd quarter valued at $124,718,000. Finally, Norges Bank purchased a new position in shares of Workday in the 2nd quarter valued at $442,702,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Workday News Summary

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Q4 beat — Workday reported stronger-than-expected fiscal Q4 results with EPS and revenue above consensus, driven by solid subscription growth and rising backlog, supporting the longer-term growth story. Workday Q4 Earnings Beat
• Positive Sentiment: Bull thesis & catalyst — Management is leaning into agentic AI as a growth catalyst and some firms (e.g., Needham) reaffirm Buy with high price targets, signaling conviction in longer-term upside despite near-term headwinds. Needham Buy Rating
• Neutral Sentiment: Macro / sector noise — The stock is trading amid broader software/AI-driven volatility; sector sentiment and macro uncertainty are amplifying reactions to guidance rather than fundamentals alone. Market Context
• Negative Sentiment: Guidance miss — Workday guided FY27 subscription revenue below Street estimates (slower new client wins amid corporate spending caution), which triggered an after-hours selloff and renewed investor concern about near-term growth. Reuters: Guidance Below Estimates
• Negative Sentiment: Margin pressure from AI investment — Analysts flagged that accelerated AI spending will compress near-term margins (and operating income guidance disappointed), which weighed on sentiment despite the quarter’s beat. MarketWatch: Cost of Competing in AI
• Negative Sentiment: Analyst cuts and downgrades — Multiple banks trimmed price targets or downgraded WDAY (Piper Sandler, BMO, BTIG, TD Cowen, Evercore, Mizuho, Rosenblatt, Wells Fargo, JPMorgan moves noted), increasing near-term selling pressure and raising uncertainty around consensus estimates. Benzinga: Analyst Activity

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.