TD Cowen Cuts Workday (NASDAQ:WDAY) Price Target to $210.00

Workday (NASDAQ:WDAY) had its price objective cut by stock analysts at TD Cowen from $220.00 to $210.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the software maker’s stock. TD Cowen’s target price would indicate a potential upside of 3.46% from the company’s current price.

Other research analysts have also issued research reports about the stock. BTIG Research lowered shares of Workday from a “buy” rating to a “neutral” rating in a research report on Monday, August 17th. Oppenheimer increased their price objective on Workday from $165.00 to $220.00 and gave the company an “outperform” rating in a research report on Monday. Citigroup restated a “neutral” rating on shares of Workday in a report on Friday. DA Davidson boosted their target price on Workday from $135.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Bank of America upped their target price on Workday from $140.00 to $205.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. Twenty analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $204.49.

Workday Price Performance

Shares of WDAY stock traded up $9.41 during mid-day trading on Friday, hitting $202.98. 2,155,078 shares of the stock traded hands, compared to its average volume of 5,071,383. Workday has a twelve month low of $110.36 and a twelve month high of $249.85. The firm has a market cap of $50.14 billion, a price-to-earnings ratio of 63.43, a price-to-earnings-growth ratio of 2.03 and a beta of 1.08. The company’s 50-day simple moving average is $155.95 and its 200-day simple moving average is $140.36. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, August 27th. The software maker reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.61 by $0.14. Workday had a return on equity of 14.75% and a net margin of 8.60%.The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the previous year, the business earned $2.21 EPS. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, equities research analysts expect that Workday will post 5.38 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Gerrit S. Kazmaier sold 2,728 shares of Workday stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $143.62, for a total transaction of $391,795.36. Following the transaction, the insider owned 266,388 shares in the company, valued at approximately $38,258,644.56. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $143.70, for a total value of $862,200.00. Following the transaction, the chief financial officer directly owned 288,460 shares in the company, valued at $41,451,702. The trade was a 2.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold a total of 875,020 shares of company stock valued at $113,938,503 over the last quarter. 18.64% of the stock is owned by insiders.

Hedge Funds Weigh In On Workday

A number of large investors have recently made changes to their positions in WDAY. Rakuten Securities Inc. purchased a new stake in shares of Workday in the second quarter worth approximately $25,000. Measured Wealth Private Client Group LLC purchased a new position in Workday during the third quarter valued at approximately $26,000. JPL Wealth Management LLC purchased a new position in Workday during the third quarter valued at approximately $30,000. DT Investment Partners LLC acquired a new position in Workday in the 4th quarter valued at approximately $27,000. Finally, LRI Investments LLC acquired a new position in Workday in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Key Stories Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Strong Q2 results: Workday reported adjusted earnings of $2.75 per share, above the $2.61 consensus estimate, while revenue rose 12.8% year over year to $2.649 billion. Subscription revenue increased 13.9% to $2.471 billion, and net income rose sharply to $632 million from $228 million a year earlier. Workday Fiscal 2027 Second-Quarter Results
• Positive Sentiment: AI adoption is supporting demand: Management said AI-related offerings accounted for more than 25% of new contract value, reinforcing the company’s positioning as an enterprise AI platform for HR, finance, and IT. Workday Q2 Earnings Call Highlights
• Positive Sentiment: Capital returns and analyst support: Workday authorized a $4 billion share-repurchase program. Following the earnings report, BMO raised its target to $230 with an “outperform” rating, while Needham raised its target to $230 with a “buy” rating; KeyCorp and Monness Crespi also lifted their targets. Analysts Revise Workday Forecasts
• Neutral Sentiment: Analyst views remain mixed: DA Davidson and Piper Sandler raised their targets to $190 but retained neutral ratings, while Cantor Fitzgerald reduced its target to $205 despite maintaining an overweight rating. This indicates optimism about valuation recovery but limited consensus on near-term upside.
• Negative Sentiment: Forward growth guidance is a concern: Workday’s fiscal 2027 revenue outlook of $9.9 billion to $10.0 billion is below the roughly $10.7 billion analyst consensus, and third-quarter revenue guidance also trails expectations. Investors are concerned that another guidance reduction could offset the quarterly beat. Workday Outlook Meets Estimates

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.