Royal Bank Of Canada Cuts Workday (NASDAQ:WDAY) Price Target to $300.00

Posted by Wayne Rhoads on Jan 8th, 2026

Workday (NASDAQ:WDAY – Free Report) had its target price cut by Royal Bank Of Canada from $320.00 to $300.00 in a research note released on Monday,Benzinga reports. They currently have an outperform rating on the software maker’s stock.

Several other research firms have also recently commented on WDAY. JPMorgan Chase & Co. reduced their target price on shares of Workday from $290.00 to $270.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. BTIG Research started coverage on shares of Workday in a report on Tuesday, December 16th. They set a “buy” rating and a $285.00 price target for the company. Citigroup lowered their price objective on Workday from $261.00 to $247.00 and set a “neutral” rating on the stock in a report on Wednesday, November 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Workday in a research note on Wednesday, October 8th. Finally, JMP Securities restated a “market outperform” rating and issued a $315.00 price target on shares of Workday in a research note on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $281.59.

View Our Latest Report on WDAY

Workday Stock Up 0.4%

Workday stock opened at $211.11 on Monday. Workday has a twelve month low of $202.22 and a twelve month high of $283.68. The stock has a 50 day moving average of $220.97 and a two-hundred day moving average of $228.80. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $55.52 billion, a price-to-earnings ratio of 88.70, a PEG ratio of 2.37 and a beta of 1.14.

Workday (NASDAQ:WDAY – Get Free Report) last released its earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.15. Workday had a return on equity of 10.50% and a net margin of 6.95%.The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the previous year, the company posted $1.89 earnings per share. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, research analysts expect that Workday will post 2.63 earnings per share for the current year.

Insider Activity

In related news, Director Michael M. Mcnamara sold 5,393 shares of the stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $235.16, for a total value of $1,268,217.88. Following the sale, the director directly owned 24,078 shares of the company’s stock, valued at approximately $5,662,182.48. This represents a 18.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gerrit S. Kazmaier sold 6,547 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were 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 $24,360,695.81. This trade represents a 5.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 291,877 shares of company stock valued at $62,549,989 in the last 90 days. Insiders own 19.31% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Workday by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 21,799,056 shares of the software maker’s stock valued at $5,247,687,000 after buying an additional 684,872 shares during the last quarter. State Street Corp lifted its position in shares of Workday by 0.8% in the third quarter. State Street Corp now owns 9,674,568 shares of the software maker’s stock valued at $2,328,959,000 after acquiring an additional 74,052 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Workday by 47.5% in 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 in the last quarter. Geode Capital Management LLC boosted its stake in shares of Workday by 2.9% during the second quarter. Geode Capital Management LLC now owns 4,952,938 shares of the software maker’s stock valued at $1,183,112,000 after acquiring an additional 140,042 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Workday by 41.5% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,761,599 shares of the software maker’s stock worth $905,530,000 after purchasing an additional 1,103,421 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

More Workday News

Here are the key news stories impacting Workday this week:

Positive Sentiment: An independent intrinsic?value writeup argued WDAY could be materially undervalued (~40% upside), highlighting potential longer?term upside versus current market pricing. An Intrinsic Calculation For Workday, Inc. (NASDAQ:WDAY) Suggests It’s 40% Undervalued
Positive Sentiment: Workday added a Workday?certified integration (Euna Marketplace) to its Marketplace, which can incrementally strengthen ecosystem adoption in the public sector and support incremental SaaS purchases and integrations. Euna Solutions’ Marketplace Achieves Workday Certified Integration
Negative Sentiment: Multiple insiders executed sizeable sales over Jan 5–6, which can be perceived as a near?term negative signal for sentiment — CEO Carl Eschenbach sold 3,125 shares at ~$210. SEC Filing — Carl M. Eschenbach Form 4
Negative Sentiment: CFO Zane Rowe sold 6,000 shares at an average of $208.75 (~$1.25M), a ~3.6% reduction in his holding — a sale from the finance chief that can draw investor attention. SEC Filing — Zane Rowe Form 4
Negative Sentiment: Long?time insider Robert Enslin sold 22,185 shares (~$4.66M) — a 17.3% cut to his position — the largest of the reported transactions and the most likely to influence investor perception. SEC Filing — Robert Enslin Form 4
Negative Sentiment: Other insider sales: Gerrit S. Kazmaier sold 3,759 shares (~$785k) and Richard H. Sauer sold 1,130 shares (~$237k), both modest but additive to the overall selling narrative. SEC Filing — Gerrit S. Kazmaier Form 4 SEC Filing — Richard H. Sauer Form 4

About Workday

(Get Free Report)

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.