Workday (NASDAQ:WDAY) Price Target Raised to $190.00

Workday (NASDAQ:WDAY) had its price target increased by Piper Sandler from $145.00 to $190.00 in a research report sent to investors on Friday, Marketbeat.com reports. Piper Sandler currently has a neutral rating on the software maker’s stock.

Several other analysts also recently weighed in on WDAY. Barclays boosted their target price on shares of Workday from $200.00 to $224.00 and gave the stock an “overweight” rating in a research report on Friday. Wolfe Research reissued an “outperform” rating and issued a $160.00 target price on shares of Workday in a research report on Friday, May 22nd. Summit Redstone set a $275.00 price target on Workday in a research report on Wednesday, May 27th. UBS Group increased their price objective on Workday from $140.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, August 14th. Finally, Robert W. Baird upped their target price on Workday from $190.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Twenty investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Workday currently has an average rating of “Hold” and a consensus price target of $206.00.

Workday Stock Performance

Shares of WDAY opened at $204.72 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The firm has a market cap of $50.57 billion, a PE ratio of 41.53, a P/E/G ratio of 2.17 and a beta of 1.08. Workday has a 12 month low of $110.36 and a 12 month high of $249.85. The stock has a fifty day moving average price of $157.71 and a 200-day moving average price of $140.71.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.61 by $0.14. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.64 billion. Workday had a return on equity of 20.95% and a net margin of 12.32%.The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.21 EPS. Equities research analysts predict that Workday will post 5.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Workday

In related news, insider Robert Enslin sold 5,374 shares of the firm’s stock in a transaction on Sunday, July 5th. The shares were sold at an average price of $134.90, for a total transaction of $724,952.60. Following the sale, the insider owned 239,469 shares in the company, valued at approximately $32,304,368.10. This trade represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, major shareholder David A. Duffield sold 107,500 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $122.04, for a total transaction of $13,119,300.00. Following the completion of the transaction, the insider owned 105,049 shares of the company’s stock, valued at approximately $12,820,179.96. This trade represents a 50.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 875,020 shares of company stock valued at $113,938,503. 18.64% of the stock is owned by company insiders.

Hedge Funds Weigh In On Workday

Several institutional investors and hedge funds have recently modified their holdings of WDAY. Rakuten Securities Inc. acquired a new position in Workday in the 2nd quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Workday in the third quarter valued at approximately $26,000. DT Investment Partners LLC purchased a new stake in shares of Workday in the fourth quarter valued at approximately $27,000. LRI Investments LLC acquired a new position in shares of Workday during the 4th quarter worth approximately $29,000. Finally, JPL Wealth Management LLC purchased a new position in shares of Workday during the 3rd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday News Summary

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday reported fiscal Q2 revenue of $2.649 billion, up 12.8% year over year, while subscription revenue increased 13.9% to $2.471 billion. Adjusted EPS of $2.75 exceeded the $2.61 consensus estimate. Workday Announces Fiscal 2027 Second Quarter Financial Results
• Positive Sentiment: Profitability was a major bright spot: net income rose sharply to $632 million from $228 million a year earlier, and analysts cited subscription growth and expanding margins as reasons for increased price targets. WDAY Q2 Earnings Beat Estimates on Subscription Growth, Margin Gains
• Positive Sentiment: AI products accounted for more than one-quarter of new contract value, suggesting growing customer demand for Workday’s AI agents and supporting the company’s longer-term growth strategy. AI Products Accounted for More Than a Quarter of Workday’s New Q2 Contract Value
• Positive Sentiment: Workday authorized a substantial $4 billion share-repurchase program, potentially providing support for per-share results and signaling confidence in cash generation and valuation.
• Positive Sentiment: Several firms raised their targets after the report, including BMO Capital Markets and Needham to $230, KeyCorp to $215 and Monness to $218, with buy, overweight or outperform ratings.
• Neutral Sentiment: Analyst opinion remains divided. Some see AI momentum and margin expansion driving upside, while others believe the current valuation already reflects much of the improvement.
• Neutral Sentiment: Jim Cramer characterized the results as evidence that there is no broad SaaS-sector meltdown, supporting sentiment toward enterprise software stocks. Jim Cramer Says Workday Results Show No SaaS Meltdown in Sight
• Negative Sentiment: Workday’s fiscal 2027 revenue outlook of approximately $9.9 billion to $10.0 billion was below the roughly $10.7 billion analyst consensus, raising concerns about a potential slowdown and the risk of another guidance reduction. Workday’s outlook meets estimates despite AI demand
• Negative Sentiment: TD Cowen, Freedom Broker, Piper Sandler and DA Davidson maintained neutral or hold views, with targets ranging from $190 to $210—mostly indicating limited upside or downside from recent levels.

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.