Needham & Company LLC Reaffirms Buy Rating for Workday (NASDAQ:WDAY)

Workday (NASDAQ:WDAY)‘s stock had its “buy” rating reaffirmed by research analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $300.00 price objective on the software maker’s stock. Needham & Company LLC’s target price indicates a potential upside of 84.14% from the company’s previous close.

A number of other analysts also recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Workday in a research note on Wednesday, October 8th. The Goldman Sachs Group started coverage on Workday in a research report on Monday, January 12th. They issued a “neutral” rating and a $238.00 price objective on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Workday in a report on Wednesday, November 26th. Piper Sandler decreased their target price on shares of Workday from $235.00 to $200.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Sanford C. Bernstein dropped their price target on shares of Workday from $304.00 to $298.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $277.00.

Workday Stock Up 2.6%

WDAY stock opened at $162.92 on Thursday. The company has a market capitalization of $42.85 billion, a P/E ratio of 68.45, a price-to-earnings-growth ratio of 1.36 and a beta of 1.13. Workday has a 12 month low of $156.87 and a 12 month high of $281.00. The firm’s fifty day simple moving average is $202.76 and its 200-day simple moving average is $221.24. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.83.

Workday (NASDAQ:WDAY) last posted its earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.15. The company had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.42 billion. Workday had a net margin of 6.95% and a return on equity of 10.50%. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.89 earnings per share. As a group, equities research analysts forecast that Workday will post 2.63 earnings per share for the current year.

Insider Transactions at Workday

In other Workday news, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $208.75, for a total value of $1,252,500.00. Following the transaction, the chief financial officer owned 159,158 shares in the company, valued at approximately $33,224,232.50. This trade represents a 3.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 82,884 shares of the company’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $209.75, for a total transaction of $17,384,919.00. Following the sale, the insider directly owned 105,049 shares of the company’s stock, valued at $22,034,027.75. The trade was a 44.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 370,321 shares of company stock valued at $78,866,401. Insiders own 19.31% of the company’s stock.

Hedge Funds Weigh In On Workday

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rakuten Securities Inc. acquired a new position in shares of Workday during the 2nd quarter worth approximately $25,000. Measured Wealth Private Client Group LLC purchased a new position in Workday during the third quarter worth approximately $26,000. LRI Investments LLC acquired a new position in Workday during the fourth quarter worth $29,000. JPL Wealth Management LLC purchased a new stake in Workday in the 3rd quarter valued at $30,000. Finally, Berbice Capital Management LLC raised its holdings in shares of Workday by 136.4% during the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after acquiring an additional 75 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Key Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Needham reaffirmed a “buy” rating and a $300 price target, highlighting continued bullish sell‑side conviction and a large implied upside that can attract buyers. Needham Reaffirms Buy on Workday
• Positive Sentiment: Shares showed recent upside momentum (a ~5.6% jump in the prior session) with above‑average volume — technical strength that can sustain short‑term buying interest. Strength Seen in Workday
• Positive Sentiment: Corporate hiring/PR: Workday expanded veteran hiring tools and positioned shares as undervalued in a company release — a modest positive for investor perception and ESG/hiring narrative. Workday Expands Veteran Hiring Tools
• Neutral Sentiment: Piper Sandler moved its rating to “hold” — not a stamp of confidence but removes a prior downgrade risk; may temper near‑term upside. Piper Sandler Upgrades to Hold
• Neutral Sentiment: Several Zacks pieces note analysts are broadly optimistic and retail interest is high — useful context but not new fundamentals; these stories can amplify trading volatility more than change fundamentals. Is Workday a Buy?
• Neutral Sentiment: Another Zacks note summarizes why WDAY is trending among users — useful for sentiment tracking but mixed on immediate price impact. Here Is What to Know Beyond Why Workday Is Trending
• Negative Sentiment: Workday announced cuts of roughly 400 jobs (~2% of workforce), mainly in customer‑service roles, signaling near‑term cost action but also raising execution and morale risks; layoffs were cited alongside guidance comments. Workday Cuts 400 Jobs
• Negative Sentiment: Company warned of a wider FY26 GAAP vs. non‑GAAP margin gap — investors often penalize such disclosure because it can signal pressure on GAAP profitability and complicate modeling. Workday Flags Wider FY26 GAAP vs Non-GAAP Margin Gap
• Negative Sentiment: Broader competitive risk: OpenAI’s new Frontier enterprise agent platform could layer on top of or displace some enterprise app workflows (including HR/ERP use cases), posing a medium‑term threat to incumbents like Workday. OpenAI Announces Frontier

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.