Workday (NASDAQ:WDAY) Downgraded to “In-Line” Rating by Evercore

Posted by Defense World Staff on Feb 26th, 2026

Evercore lowered shares of Workday (NASDAQ:WDAY – Free Report) from an outperform rating to an in-line rating in a research note issued to investors on Wednesday, Marketbeat reports. Evercore currently has $160.00 target price on the software maker’s stock.

Other analysts have also recently issued research reports about the stock. Macquarie Infrastructure reissued a “buy” rating on shares of Workday in a research note on Wednesday, November 26th. Robert W. Baird set a $195.00 price objective on Workday in a research note on Tuesday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 target price on shares of Workday in a research note on Monday. BTIG Research reduced their target price on shares of Workday from $285.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, February 9th. Finally, Piper Sandler lowered their price target on shares of Workday from $235.00 to $200.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $208.28.

Get Our Latest Stock Analysis on Workday

Workday Price Performance

NASDAQ:WDAY opened at $133.15 on Wednesday. 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 company has a 50 day moving average price of $182.80 and a 200-day moving average price of $212.95. Workday has a 1-year low of $117.76 and a 1-year high of $281.00. The firm has a market cap of $35.02 billion, a price-to-earnings ratio of 51.61, a price-to-earnings-growth ratio of 1.12 and a beta of 1.13.

Workday (NASDAQ:WDAY – Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, beating the consensus estimate of $2.32 by $0.15. Workday had a net margin of 7.26% and a return on equity of 12.93%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the business earned $1.92 earnings per share. The firm’s revenue was up 14.5% on a year-over-year basis. Equities research analysts forecast that Workday will post 2.63 EPS for the current year.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 82,884 shares of Workday stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $209.75, for a total transaction of $17,384,919.00. Following the completion of the sale, the insider directly owned 105,049 shares in the company, valued at $22,034,027.75. This trade represents a 44.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Mark S. Garfield sold 953 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $209.56, for a total transaction of $199,710.68. Following the completion of the sale, the chief accounting officer directly owned 35,336 shares in the company, valued at $7,405,012.16. This trade represents a 2.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 370,321 shares of company stock valued at $78,866,401. 19.31% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WDAY. Rakuten Securities Inc. acquired a new stake in shares of Workday in the second quarter valued at $25,000. Measured Wealth Private Client Group LLC acquired a new position in Workday in the 3rd quarter valued at about $26,000. DT Investment Partners LLC purchased a new stake in Workday during the fourth quarter worth about $27,000. LRI Investments LLC acquired a new stake in shares of Workday during the fourth quarter worth about $29,000. Finally, JPL Wealth Management LLC purchased a new position in shares of Workday in the third quarter valued at approximately $30,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

More Workday News

Here are the key news stories impacting Workday this week:

Positive Sentiment: Q4 results beat consensus — revenue of $2.53B, EPS $2.47 and improved margins, showing solid subscription growth and stronger operating profit that underpins longer-term fundamentals. Workday Announces Fiscal 2026 Fourth Quarter and Full Year Financial Results
Positive Sentiment: Some analysts and investors still see a buy case — Needham and several boutiques continue to rate WDAY bullish and highlight AI opportunity and institutional accumulation as potential catalysts. Balancing Near-Term Headwinds and AI-Driven Long-Term Upside: Rationale for a Buy Rating
Neutral Sentiment: CEO sought to calm AI-disruption fears on the call, noting large AI vendors run on Workday’s systems — a credibility point for the platform but one that didn’t reverse the initial selloff. Workday Shares Drop 9% as CEO Says OpenAI, Google Use Its Software
Negative Sentiment: Management guided FY27 subscription revenue below Wall Street expectations (growth guided down to ~12–13%), stoking concerns that macro weakness and longer deal cycles will slow top-line momentum. That guidance is the primary driver of the selloff. Workday forecasts 2027 annual subscription revenue below estimates
Negative Sentiment: Analysts aggressively trimmed price targets and issued downgrades after the outlook — examples include UBS to $130 (neutral), Piper Sandler to $135 (neutral) and multiple other cuts; that wave amplifies selling pressure and amplifies headline risk. These Analysts Slash Their Forecasts On Workday After Q4 Results
Negative Sentiment: Short interest rose sharply in February (≈12.99M shares, ~6.2% of float, up ~34% month-over-month), increasing downside pressure and the potential for outsized moves on intraday sentiment shifts.

About Workday

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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.