Workday (NASDAQ:WDAY) Price Target Lowered to $200.00 at Barclays

Workday (NASDAQ:WDAY) had its target price dropped by analysts at Barclays from $230.00 to $200.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the software maker’s stock. Barclays‘s price objective points to a potential upside of 54.12% from the stock’s current price.

A number of other research firms also recently issued reports on WDAY. Mizuho downgraded Workday from a “strong-buy” rating to a “hold” rating in a research report on Monday. Wall Street Zen upgraded Workday from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 14th. Jefferies Financial Group lowered shares of Workday from a “buy” rating to a “hold” rating and cut their target price for the stock from $325.00 to $150.00 in a research report on Monday. Stifel Nicolaus set a $175.00 target price on shares of Workday in a research note on Monday, February 9th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Workday from $270.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $212.66.

Workday Stock Performance

NASDAQ:WDAY traded down $0.46 during trading on Wednesday, reaching $129.77. The company’s stock had a trading volume of 12,626,217 shares, compared to its average volume of 4,707,607. Workday has a 12 month low of $117.76 and a 12 month high of $281.00. The firm has a market cap of $34.13 billion, a price-to-earnings ratio of 54.68, a price-to-earnings-growth ratio of 1.11 and a beta of 1.13. The firm has a 50 day moving average of $184.46 and a 200-day moving average of $213.51. 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 (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $2.52 billion. During the same quarter in the prior year, the business earned $1.92 earnings per share. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. Research analysts expect that Workday will post 2.63 EPS for the current fiscal year.

Insider Transactions at Workday

In other news, insider Gerrit S. Kazmaier sold 6,547 shares of the business’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $218.77, for a total transaction of $1,432,287.19. Following the completion of the transaction, the insider directly owned 111,353 shares in the company, valued at $24,360,695.81. The trade was a 5.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Enslin sold 22,185 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $210.17, for a total value of $4,662,621.45. Following the completion of the sale, the insider owned 106,330 shares in the company, valued at $22,347,376.10. This trade represents a 17.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 370,321 shares of company stock worth $78,866,401. 20.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. increased its holdings in shares of Workday by 840.9% in the 4th quarter. Pacer Advisors Inc. now owns 765,049 shares of the software maker’s stock worth $164,317,000 after buying an additional 683,741 shares during the last quarter. Virtu Financial LLC purchased a new stake in Workday during the fourth quarter valued at about $2,518,000. Compound Planning Inc. lifted its stake in Workday by 32.8% during the fourth quarter. Compound Planning Inc. now owns 2,818 shares of the software maker’s stock worth $605,000 after purchasing an additional 696 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Workday by 7.0% in the 4th quarter. Invesco Ltd. now owns 2,552,061 shares of the software maker’s stock worth $548,132,000 after purchasing an additional 166,564 shares in the last quarter. Finally, Rare Wolf Capital LLC bought a new position in shares of Workday during the 4th quarter valued at about $215,000. 89.81% of the stock is currently owned by institutional investors.

Workday News Roundup

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

About Workday

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.