BTIG Research Issues Pessimistic Forecast for Workday (NASDAQ:WDAY) Stock Price

Workday (NASDAQ:WDAY) had its price target lowered by analysts at BTIG Research from $230.00 to $175.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. BTIG Research’s price objective suggests a potential upside of 25.80% from the company’s previous close.

Other analysts have also issued reports about the stock. DA Davidson reduced their price target on shares of Workday from $260.00 to $250.00 and set a “hold” rating for the company in a research report on Wednesday, November 26th. TD Cowen downgraded shares of Workday from a “buy” rating to a “hold” rating and set a $155.00 target price for the company. in a research report on Wednesday. Raymond James Financial reissued a “market perform” rating on shares of Workday in a research note on Monday, February 9th. Mizuho cut shares of Workday from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Citizens Jmp lowered Workday from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and fifteen have assigned 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 Stock Performance

Shares of Workday stock opened at $139.11 on Wednesday. Workday has a 12 month low of $117.76 and a 12 month high of $276.00. 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 stock has a market cap of $36.59 billion, a PE ratio of 53.92, a price-to-earnings-growth ratio of 1.14 and a beta of 1.13. The business has a fifty day simple moving average of $181.23 and a 200-day simple moving average of $212.44.

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, beating the consensus estimate of $2.32 by $0.15. Workday had a return on equity of 13.37% and a net margin of 7.26%.The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the firm earned $1.92 earnings per share. Workday’s quarterly revenue was up 14.5% on a year-over-year basis. On average, sell-side analysts anticipate that Workday will post 2.63 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Gerrit S. Kazmaier sold 6,547 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $218.77, for a total value of $1,432,287.19. Following the completion of the sale, the insider directly owned 111,353 shares in the company, valued at approximately $24,360,695.81. The trade was a 5.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Enslin sold 22,185 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $210.17, for a total value of $4,662,621.45. Following the transaction, the insider owned 106,330 shares in the company, valued at approximately $22,347,376.10. This trade represents a 17.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 370,321 shares of company stock worth $78,866,401 in the last three months. 19.31% of the stock is owned by insiders.

Institutional Investors Weigh In On Workday

A number of hedge funds have recently bought and sold shares of WDAY. Vanguard Group Inc. increased its stake in shares of Workday by 14.7% in the fourth quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker’s stock worth $5,371,495,000 after purchasing an additional 3,210,232 shares during the period. State Street Corp grew its holdings in Workday by 1.0% in the 4th quarter. State Street Corp now owns 9,770,707 shares of the software maker’s stock valued at $2,098,552,000 after buying an additional 96,139 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Workday by 47.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker’s stock worth $1,406,463,000 after buying an additional 1,882,391 shares during the period. Geode Capital Management LLC increased its position in Workday by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 5,091,926 shares of the software maker’s stock worth $1,089,970,000 after buying an additional 75,922 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Workday by 101.4% in the fourth quarter. Janus Henderson Group PLC now owns 5,017,905 shares of the software maker’s stock valued at $1,077,537,000 after acquiring an additional 2,525,821 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Workday News Summary

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)

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.