Workday (NASDAQ:WDAY) Price Target Lowered to $204.00 at BMO Capital Markets

Workday (NASDAQ:WDAY) had its price objective cut by BMO Capital Markets from $285.00 to $204.00 in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They currently have an outperform rating on the software maker’s stock.

WDAY has been the subject of a number of other reports. Cantor Fitzgerald reissued an “overweight” rating on shares of Workday in a report on Wednesday, November 26th. KeyCorp dropped their target price on shares of Workday from $285.00 to $260.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. UBS Group cut their price target on shares of Workday from $240.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday, February 10th. Royal Bank Of Canada decreased their price objective on shares of Workday from $320.00 to $300.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Finally, Sanford C. Bernstein dropped their price objective on shares of Workday from $304.00 to $298.00 and set an “outperform” rating for the company in a report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, Workday currently has a consensus rating of “Moderate Buy” and an average target price of $259.94.

Workday Stock Performance

NASDAQ WDAY opened at $143.12 on Tuesday. The company’s fifty day moving average is $192.91 and its two-hundred day moving average is $216.63. Workday has a 52-week low of $139.91 and a 52-week high of $281.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a market capitalization of $37.64 billion, a price-to-earnings ratio of 60.13, a P/E/G ratio of 1.23 and a beta of 1.13.

Workday (NASDAQ:WDAY) last released its quarterly earnings data 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 business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Workday had a return on equity of 10.50% and a net margin of 6.95%.Workday’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.89 earnings per share. Equities research analysts forecast that Workday will post 2.63 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder David A. Duffield sold 82,884 shares of the firm’s stock in a transaction dated 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 owned 105,049 shares of the company’s stock, valued at $22,034,027.75. This trade represents a 44.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gerrit S. Kazmaier sold 3,759 shares of Workday stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $208.73, for a total transaction of $784,616.07. Following the completion of the transaction, the insider directly owned 105,167 shares in the company, valued at approximately $21,951,507.91. The trade was a 3.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 370,321 shares of company stock worth $78,866,401 over the last quarter. Insiders own 20.00% of the company’s stock.

Hedge Funds Weigh In On Workday

Large investors have recently bought and sold shares of the company. Rakuten Securities Inc. bought a new position in Workday in the second quarter valued at $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Workday during the 3rd quarter worth about $26,000. DT Investment Partners LLC bought a new position in shares of Workday in the 4th quarter valued at about $27,000. LRI Investments LLC acquired a new stake in shares of Workday in the fourth quarter valued at about $29,000. Finally, JPL Wealth Management LLC bought a new stake in Workday during the third quarter worth about $30,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Rosenblatt upgraded WDAY from neutral to buy and set a $180 target, signaling renewed analyst conviction in the stock’s medium-term upside amid the company’s strategic shifts. Rosenblatt upgrades Workday (WDAY)
• Positive Sentiment: Coverage highlights the return of co‑founder Aneel Bhusri as CEO and a stronger AI push — investors may view this as supportive for long‑term product strategy and growth, especially if AI accelerates subscription or service demand. Workday CEO Return And AI Push Raise Questions On Undervalued Shares
• Neutral Sentiment: Workday is scheduled to report quarterly results on Tuesday; the upcoming release is the near‑term catalyst that could swing the stock depending on guidance and AI‑related commentary. Workday (WDAY) to Release Earnings on Tuesday
• Negative Sentiment: Analysts at BMO cut their price target from $285 to $204 (still “outperform”), signaling reduced expectations for near‑term upside even as they keep a constructive rating. BMO lowers Workday price target
• Negative Sentiment: Oppenheimer also trimmed its target from $270 to $200 while maintaining an outperform rating, another sign analysts are moderating near‑term forecasts despite believing in longer‑term upside. Oppenheimer lowers Workday price target
• Negative Sentiment: Zacks cautions Workday may lack the factors that typically produce an earnings beat this quarter, increasing downside risk around the report. Workday (WDAY) Earnings Expected to Grow: Should You Buy?

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.