Mizuho Lowers Workday (NASDAQ:WDAY) Price Target to $210.00

Workday (NASDAQ:WDAY) had its target price dropped by Mizuho from $275.00 to $210.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the software maker’s stock. Mizuho’s target price suggests a potential upside of 50.96% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets lowered their price objective on shares of Workday from $204.00 to $182.00 and set an “outperform” rating on the stock in a research report on Wednesday. Macquarie Infrastructure reaffirmed a “buy” rating on shares of Workday in a research report on Wednesday, November 26th. Citizens Jmp lowered Workday from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Wells Fargo & Company reduced their price objective on Workday from $255.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 target price on shares of Workday in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $205.19.

Workday Price Performance

NASDAQ WDAY opened at $139.11 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.83 and a debt-to-equity ratio of 0.38. Workday has a 1 year low of $117.76 and a 1 year high of $276.00. The company has a market cap of $36.59 billion, a PE ratio of 53.92, a PEG ratio of 1.14 and a beta of 1.13. The stock’s 50-day moving average price is $181.23 and its two-hundred day moving average price is $212.44.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the company posted $1.92 earnings per share. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. On average, analysts predict that Workday will post 2.63 EPS 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 dated 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 of the company’s stock, valued at approximately $24,360,695.81. This represents a 5.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder David A. Duffield sold 82,884 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $209.75, for a total value of $17,384,919.00. Following the completion of the sale, the insider owned 105,049 shares of the company’s stock, valued at approximately $22,034,027.75. This trade represents a 44.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 370,321 shares of company stock valued at $78,866,401. Insiders own 19.31% of the company’s stock.

Hedge Funds Weigh In On Workday

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

Key Workday News

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.