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

Workday (NASDAQ:WDAY) had its price objective reduced by Oppenheimer from $200.00 to $165.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the software maker’s stock. Oppenheimer’s target price would indicate a potential upside of 18.61% from the stock’s current price.

Several other research firms also recently commented on WDAY. Mizuho downgraded Workday from a “strong-buy” rating to a “hold” rating in a report on Monday. Robert W. Baird set a $195.00 target price on shares of Workday in a research report on Tuesday. KeyCorp reduced their price target on shares of Workday from $260.00 to $155.00 and set an “overweight” rating for the company in a research report on Wednesday. Citizens Jmp cut shares of Workday from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Finally, Evercore downgraded shares of Workday from an “outperform” rating to an “in-line” rating and set a $160.00 price objective for the company. in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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 firm has a market capitalization 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. The company has a current ratio of 1.32, a quick ratio of 1.83 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $181.23 and a two-hundred day simple moving average of $212.44.

Workday (NASDAQ:WDAY) last released its 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 firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the firm earned $1.92 EPS. The company’s revenue was up 14.5% compared to the same quarter last year. On average, equities analysts forecast that Workday will post 2.63 earnings per share for the current fiscal year.

Insider Transactions at Workday

In other Workday news, insider Richard Harry Sauer sold 1,130 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $210.00, for a total value of $237,300.00. Following the completion of the sale, the insider owned 85,398 shares in the company, valued at approximately $17,933,580. This represents a 1.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gerrit S. Kazmaier sold 3,759 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $208.73, for a total value of $784,616.07. Following the sale, the insider directly owned 105,167 shares in the company, valued at approximately $21,951,507.91. This represents a 3.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 370,321 shares of company stock valued at $78,866,401. Company insiders own 19.31% of the company’s stock.

Institutional Trading of Workday

Several institutional investors have recently made changes to their positions in WDAY. Rakuten Securities Inc. purchased a new position in Workday in the 2nd quarter worth approximately $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Workday during the third quarter worth $26,000. DT Investment Partners LLC bought a new stake in Workday in the 4th quarter valued at $27,000. LRI Investments LLC purchased a new stake in Workday in the 4th quarter worth $29,000. Finally, JPL Wealth Management LLC bought a new position in shares of Workday during the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

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.