The Goldman Sachs Group Lowers Workday (NASDAQ:WDAY) Price Target to $206.00

Workday (NASDAQ:WDAY) had its price objective decreased by The Goldman Sachs Group from $238.00 to $206.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the software maker’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 48.08% from the stock’s current price.

A number of other research firms also recently issued reports on WDAY. Guggenheim decreased their target price on shares of Workday from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday. Piper Sandler reduced their price objective on Workday from $200.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday. Jefferies Financial Group downgraded Workday from a “buy” rating to a “hold” rating and lowered their target price for the stock from $325.00 to $150.00 in a research note on Monday. Barclays dropped their target price on Workday from $230.00 to $200.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Raymond James Financial reissued a “market perform” rating on shares of Workday in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $205.19.

Workday Price Performance

Shares of NASDAQ WDAY opened at $139.11 on Wednesday. Workday has a 52 week low of $117.76 and a 52 week high of $276.00. The business’s 50 day moving average price is $181.23 and its 200 day moving average price is $212.44. The company has a quick ratio of 1.83, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. The firm has a market cap of $36.59 billion, a P/E ratio of 53.92, a P/E/G ratio of 1.14 and a beta of 1.13.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.15. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. Workday had a net margin of 7.26% and a return on equity of 13.37%. Workday’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the firm posted $1.92 EPS. On average, sell-side analysts expect that Workday will post 2.63 earnings per share for the current year.

Insider Activity at Workday

In other news, insider Gerrit S. Kazmaier sold 6,547 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $218.77, for a total transaction of $1,432,287.19. Following the transaction, the insider owned 111,353 shares in the company, valued at $24,360,695.81. This trade represents a 5.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $208.75, for a total transaction of $1,252,500.00. Following the completion of the sale, the chief financial officer directly owned 159,158 shares in the company, valued at $33,224,232.50. This represents a 3.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 370,321 shares of company stock valued at $78,866,401 in the last ninety days. 19.31% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Workday

A number of large investors have recently added to or reduced their stakes in WDAY. Brighton Jones LLC increased its stake in shares of Workday by 230.2% during the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock worth $1,033,000 after purchasing an additional 2,792 shares in the last quarter. Empowered Funds LLC boosted its holdings in Workday by 12.1% in the 1st quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock worth $2,602,000 after buying an additional 1,206 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Workday by 211.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after buying an additional 127 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Workday during the second quarter valued at approximately $281,000. Finally, D.A. Davidson & CO. lifted its position in shares of Workday by 8.6% in the second quarter. D.A. Davidson & CO. now owns 1,738 shares of the software maker’s stock valued at $417,000 after acquiring an additional 137 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday News Roundup

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Q4 results beat — Workday reported stronger-than-expected Q4 revenue and EPS with subscription growth and margin expansion, a fundamental positive that supports long‑term revenue/unit economics. Workday Q4 Earnings Beat (Zacks)
• Positive Sentiment: Selective analyst support remains — Several firms (Needham, Guggenheim and others) continue Buy/Outperform calls with high price targets, underwriting upside if execution and guidance normalize. Needham Buy Rating (American Banking News)
• Neutral Sentiment: Partnerships and product moves — New offerings such as the Insperity HRScale rollout expand SMB reach but are not game‑changing near term. Insperity HRScale (Yahoo)
• Negative Sentiment: Weak FY27 subscription guidance — Management’s below‑consensus subscription revenue outlook and comments on longer deal timelines triggered the selloff and renewed AI‑disruption concerns. Workday tumbles on dour outlook (Reuters)
• Negative Sentiment: Widespread analyst price‑target cuts and downgrades — A cluster of PT reductions (UBS, Piper Sandler, DA Davidson, Goldman and others) has amplified selling pressure and market uncertainty. Analysts cut forecasts (Benzinga)
• Negative Sentiment: Short interest jumped (~34% month over month) — Rising short activity adds downward pressure and increases volatility risk until sentiment stabilizes.
• Negative Sentiment: Public skepticism and investor headlines — High‑profile critics (including Jim Cramer) questioning Workday’s transition and AI positioning have contributed to negative sentiment. Jim Cramer comments (Yahoo)
• Negative Sentiment: Recent firm‑level downgrades (Citigroup, UBS, Piper Sandler) — New cuts to price targets and neutral/hold stances (including a Citigroup PT reset to $148) sustain selling momentum. Analyst PT changes (Benzinga)

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.