Workday (NASDAQ:WDAY) Price Target Lowered to $148.00 at Citigroup

Workday (NASDAQ:WDAY) had its price objective lowered by Citigroup from $247.00 to $148.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the software maker’s stock.

Other research analysts have also recently issued research reports about the company. Wall Street Zen upgraded Workday from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. Oppenheimer cut their price objective on Workday from $200.00 to $165.00 and set an “outperform” rating on the stock in a report on Wednesday. Rosenblatt Securities reduced their price objective on Workday from $180.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday. Royal Bank Of Canada decreased their target price on Workday from $220.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Wells Fargo & Company cut their price target on shares of Workday from $255.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $205.19.

Workday Price Performance

Workday stock opened at $139.11 on Thursday. Workday has a 1 year low of $117.76 and a 1 year high of $276.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.83 and a current ratio of 1.32. The firm has a 50 day moving average price of $181.23 and a 200 day moving average price of $212.44. The company has a market cap of $36.59 billion, a price-to-earnings ratio of 53.92, a PEG 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 for the quarter, topping analysts’ consensus estimates of $2.32 by $0.15. Workday had a net margin of 7.26% and a return on equity of 13.37%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the firm posted $1.92 earnings per share. Workday’s revenue was up 14.5% on a year-over-year basis. Sell-side analysts predict that Workday will post 2.63 earnings per share for the current year.

Insider Transactions at Workday

In other Workday news, insider Richard Harry Sauer sold 1,130 shares of the firm’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $210.00, for a total transaction of $237,300.00. Following the completion of the transaction, the insider directly owned 85,398 shares of the company’s stock, valued at $17,933,580. This trade represents a 1.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gerrit S. Kazmaier sold 3,759 shares of the company’s stock in a transaction dated 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 sale, the insider owned 105,167 shares in the company, valued at approximately $21,951,507.91. This trade represents a 3.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 370,321 shares of company stock valued at $78,866,401 over the last ninety days. 19.31% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Workday by 230.2% in the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after acquiring an additional 2,792 shares during the last quarter. Empowered Funds LLC lifted its stake in Workday by 12.1% during the first quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock worth $2,602,000 after purchasing an additional 1,206 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Workday by 211.7% in the first quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after purchasing an additional 127 shares during the period. Sivia Capital Partners LLC bought a new stake in Workday during the second quarter valued at $281,000. Finally, D.A. Davidson & CO. increased its stake in Workday by 8.6% during the second quarter. D.A. Davidson & CO. now owns 1,738 shares of the software maker’s stock valued at $417,000 after purchasing an additional 137 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Key Headlines Impacting Workday

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.