Workday, Inc. (NASDAQ:WDAY) Stock Has Consensus Target Price of $206.34

Shares of Workday, Inc. (NASDAQ:WDAY) have been given an average recommendation of “Hold” by the forty research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and twenty have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $206.34.

Several research firms have weighed in on WDAY. Cantor Fitzgerald reissued an “overweight” rating on shares of Workday in a research report on Wednesday. Wall Street Zen raised Workday from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. Wells Fargo & Company lifted their price objective on Workday from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. BMO Capital Markets boosted their target price on shares of Workday from $182.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, August 28th. Finally, Guggenheim reaffirmed a “buy” rating and set a $275.00 price target on shares of Workday in a research note on Friday, August 21st.

Workday Stock Up 0.7%

Workday stock opened at $190.46 on Friday. Workday has a fifty-two week low of $110.36 and a fifty-two week high of $247.40. The firm has a market capitalization of $45.90 billion, a price-to-earnings ratio of 38.63, a price-to-earnings-growth ratio of 1.91 and a beta of 1.08. The stock’s fifty day moving average is $184.90 and its two-hundred day moving average is $149.05. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Thursday, August 27th. The software maker reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.61 by $0.14. Workday had a net margin of 12.32% and a return on equity of 20.95%. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same period last year, the company posted $2.21 EPS. The company’s revenue was up 12.8% on a year-over-year basis. Analysts predict that Workday will post 5.3 EPS for the current fiscal year.

Key Stories Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: William Blair analyst Patrick McIlwee reaffirmed a Buy rating, citing Workday’s discounted valuation, efficiency improvements and potential for stronger margins. The endorsement supports the view that recent cost reductions could improve profitability and that the stock’s valuation is attractive after its decline from prior highs. Analyst Reaffirms Buy on Workday
• Positive Sentiment: Commentary argues that Workday’s reduced headcount could strengthen its artificial-intelligence strategy by concentrating resources on strategic growth areas and improving operating efficiency. Workday Reduced Headcount and AI Thesis
• Neutral Sentiment: Workday was highlighted among stocks to watch, indicating increased market attention following the restructuring announcement, although the item provided no additional fundamental update. Stocks to Watch
• Negative Sentiment: Workday announced a second workforce reduction in 2026, eliminating approximately 500 jobs, or 2.5% of employees, primarily in its Product and Technology organization. The restructuring is expected to cost roughly $65 million to $85 million and was accompanied by a revision to the GAAP operating-margin outlook, creating near-term pressure on the stock. Workday Reduces Headcount
• Negative Sentiment: Major shareholder David Duffield sold 98,971 shares worth approximately $18.7 million, reducing his position by 48.5%. The trade was made under a pre-arranged Rule 10b5-1 plan, which lessens its signaling value but may still weigh on sentiment. SEC Insider Transaction Filing

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 107,500 shares of Workday stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $135.24, for a total value of $14,538,300.00. Following the completion of the sale, the insider directly owned 105,049 shares of the company’s stock, valued at approximately $14,206,826.76. The trade was a 50.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Zane Rowe sold 6,000 shares of the stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $143.70, for a total value of $862,200.00. Following the transaction, the chief financial officer directly owned 288,460 shares in the company, valued at approximately $41,451,702. This represents a 2.04% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 905,594 shares of company stock valued at $161,617,845. Company insiders own 18.64% of the company’s stock.

Hedge Funds Weigh In On Workday

Several institutional investors have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB grew its holdings in Workday by 10.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,004 shares of the software maker’s stock valued at $123,000 after purchasing an additional 96 shares during the period. 180 Wealth Advisors LLC raised its stake in Workday by 5.6% during the second quarter. 180 Wealth Advisors LLC now owns 1,960 shares of the software maker’s stock worth $240,000 after purchasing an additional 104 shares during the period. Parkside Financial Bank & Trust raised its stake in Workday by 26.3% during the second quarter. Parkside Financial Bank & Trust now owns 591 shares of the software maker’s stock worth $72,000 after purchasing an additional 123 shares during the period. DT Investment Partners LLC acquired a new position in shares of Workday in the 4th quarter valued at $27,000. Finally, Ashton Thomas Securities LLC grew its stake in shares of Workday by 6.2% during the 1st quarter. Ashton Thomas Securities LLC now owns 2,206 shares of the software maker’s stock valued at $287,000 after buying an additional 128 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

About Workday

Workday, Inc develops cloud-based enterprise software for managing an organization’s people, finances and operations. Its platform is primarily used by businesses, government agencies and educational institutions to support human resources, finance, planning, analytics and related administrative processes.

The company’s offerings include Workday Human Capital Management, Financial Management, Adaptive Planning, Spend Management, payroll, recruiting, talent management, learning and workforce analytics.