Wells Fargo & Company Issues Pessimistic Forecast for Workday (NASDAQ:WDAY) Stock Price

Workday (NASDAQ:WDAY) had its target price decreased by research analysts at Wells Fargo & Company from $255.00 to $180.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the software maker’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 29.39% from the stock’s current price.

WDAY has been the subject of several other reports. DA Davidson dropped their price target on Workday from $260.00 to $250.00 and set a “hold” rating for the company in a research note on Wednesday, November 26th. Wall Street Zen raised shares of Workday from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price target on shares of Workday in a research report on Wednesday. BMO Capital Markets dropped their price objective on shares of Workday from $204.00 to $182.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 target price on shares of Workday in a research note on Monday. One 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 has an average rating of “Moderate Buy” and a consensus target price of $205.19.

Workday Stock Performance

Shares of WDAY stock opened at $139.11 on Wednesday. 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 market capitalization of $36.59 billion, a price-to-earnings ratio of 53.92, a price-to-earnings-growth ratio of 1.14 and a beta of 1.13. Workday has a one year low of $117.76 and a one year high of $276.00. The company has a 50 day moving average price of $181.23 and a 200 day moving average price of $212.44.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.15. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. Workday had a net margin of 7.26% and a return on equity of 13.37%. Workday’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the business earned $1.92 EPS. Sell-side analysts anticipate that Workday will post 2.63 EPS for the current year.

Insider Buying and Selling at Workday

In related news, CEO Carl M. Eschenbach sold 3,125 shares of Workday stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $210.00, for a total value of $656,250.00. Following the completion of the transaction, the chief executive officer directly owned 17,097 shares in the company, valued at approximately $3,590,370. This trade represents a 15.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Enslin sold 22,185 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider directly owned 106,330 shares of the company’s stock, valued at approximately $22,347,376.10. This represents a 17.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 370,321 shares of company stock valued at $78,866,401. Corporate insiders own 19.31% of the company’s stock.

Institutional Investors Weigh In On Workday

Several institutional investors and hedge funds have recently made changes to their positions in WDAY. Rakuten Securities Inc. acquired a new position in Workday in the second quarter worth $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Workday in the 3rd quarter valued at about $26,000. DT Investment Partners LLC bought a new stake in shares of Workday during the 4th quarter valued at about $27,000. LRI Investments LLC acquired a new stake in Workday during the fourth quarter worth about $29,000. Finally, JPL Wealth Management LLC acquired a new stake in Workday during the third quarter worth about $30,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Key Stories 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)

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.