Workday (NASDAQ:WDAY) Upgraded to Buy at Rosenblatt Securities

Rosenblatt Securities upgraded shares of Workday (NASDAQ:WDAY) from a neutral rating to a buy rating in a report issued on Tuesday,Benzinga reports. The brokerage currently has $180.00 price target on the software maker’s stock, down from their prior price target of $235.00.

WDAY has been the topic of a number of other reports. Royal Bank Of Canada reduced their target price on shares of Workday from $320.00 to $300.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Sanford C. Bernstein reduced their price objective on Workday from $304.00 to $298.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. KeyCorp decreased their price objective on Workday from $285.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. BMO Capital Markets dropped their target price on Workday from $285.00 to $204.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Barclays cut their target price on Workday from $280.00 to $275.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $259.94.

Workday Stock Down 0.9%

Shares of WDAY opened at $143.12 on Tuesday. The stock has a market capitalization of $37.64 billion, a price-to-earnings ratio of 60.13, a price-to-earnings-growth ratio of 1.23 and a beta of 1.13. Workday has a 1 year low of $139.91 and a 1 year high of $281.00. The business’s 50 day simple moving average is $192.91 and its 200-day simple moving average is $216.63. 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 for the quarter, beating analysts’ consensus estimates of $2.17 by $0.15. The firm had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.42 billion. Workday had a net margin of 6.95% and a return on equity of 10.50%. Workday’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the firm posted $1.89 earnings per share. As a group, equities analysts expect that Workday will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 82,884 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $209.75, for a total transaction of $17,384,919.00. Following the completion of the transaction, the insider owned 105,049 shares in the company, valued at $22,034,027.75. The trade was a 44.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Carl M. Eschenbach sold 3,125 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $210.00, for a total value of $656,250.00. Following the sale, the chief executive officer owned 17,097 shares of the company’s stock, valued at approximately $3,590,370. This represents a 15.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 370,321 shares of company stock valued at $78,866,401 over the last ninety days. Company insiders own 20.00% of the company’s stock.

Institutional Investors Weigh In On Workday

Institutional investors and hedge funds have recently made changes to their positions in the stock. AlphaQuest LLC boosted its stake in shares of Workday by 636.7% in the second quarter. AlphaQuest LLC now owns 1,886 shares of the software maker’s stock valued at $453,000 after purchasing an additional 1,630 shares during the period. PKO Investment Management Joint Stock Co purchased a new stake in Workday during the 3rd quarter worth $1,805,000. Phoenix Financial Ltd. acquired a new position in Workday in the 3rd quarter worth $2,000,000. Rakuten Investment Management Inc. purchased a new position in Workday in the 3rd quarter valued at about $124,718,000. Finally, Norges Bank purchased a new position in Workday in the 2nd quarter valued at about $442,702,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

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?

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.