Workday, Inc. (NASDAQ:WDAY) Stock Has Consensus Price Target of $205.03 According to Analysts

Shares of Workday, Inc. (NASDAQ:WDAY - Get Free Report) have been assigned an average rating of "Hold" from the forty research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nineteen have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $205.03.

Several equities analysts have recently weighed in on the company. Morgan Stanley boosted their target price on Workday from $145.00 to $180.00 and gave the company an "underweight" rating in a research report on Friday, August 28th. Piper Sandler raised their price target on Workday from $145.00 to $190.00 and gave the stock a "neutral" rating in a research report on Friday, August 28th. The Goldman Sachs Group raised their price target on Workday from $151.00 to $164.00 and gave the stock a "neutral" rating in a research report on Monday, August 31st. BMO Capital Markets reaffirmed an "outperform" rating on shares of Workday in a research note on Thursday, October 15th. Finally, Cantor Fitzgerald reiterated an "overweight" rating on shares of Workday in a research report on Wednesday, September 30th.

Workday Trading Up 4.5%

Shares of NASDAQ WDAY opened at $203.98 on Wednesday. The business's 50 day moving average is $192.45 and its two-hundred day moving average is $154.82. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. Workday has a 1-year low of $110.36 and a 1-year high of $247.40. The stock has a market capitalization of $49.16 billion, a P/E ratio of 41.38, a PEG ratio of 1.96 and a beta of 1.07.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.61 by $0.14. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.64 billion. Workday had a return on equity of 20.95% and a net margin of 12.32%. The company's quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.21 earnings per share. As a group, research analysts expect that Workday will post 5.33 EPS for the current year.

Key Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Investor enthusiasm centered on Workday’s AI push, including its partnership with Anthropic to connect Claude with Workday Sana and its HR and finance business-rule framework. The company also introduced infrastructure for building and governing AI agents and plans to acquire C1.ai, an identity platform intended to secure access for employees and AI agents. Management reiterated long-term targets of approximately 11% subscription growth and a non-GAAP operating margin above 33%. Workday rises on AI product push, Anthropic partnership, and C1.ai deal
• Positive Sentiment: Workday was named a Leader in Gartner’s 2026 Magic Quadrant for Cloud ERP Finance. The recognition may strengthen the company’s credibility with enterprise customers and support its positioning in cloud finance software. Workday Named a Leader in 2026 Gartner Magic Quadrant for Cloud ERP Finance
• Positive Sentiment: A valuation analysis from GuruFocus described WDAY as undervalued based on its GF Value, suggesting potential upside despite the recent advance. Is It Too Late to Buy Workday After Rally?
• Neutral Sentiment: KeyCorp maintained a “Sector Weight” rating while publishing 2028 quarterly EPS estimates ranging from $1.71 to $2.27. The estimates indicate expected earnings growth but do not represent a bullish rating change.
• Negative Sentiment: KeyBanc downgraded Workday to “Sector Weight,” adding pressure to the investment case. Separately, 10 analyst price targets carried a median of $154.50, well below the current trading level, implying valuation concerns. Workday Shares Fall on KeyBanc Downgrade
• Negative Sentiment: Insider activity was heavily skewed toward selling: company insiders made 149 sales and no purchases over the past six months. Institutional positioning was mixed, with 476 investors adding shares and 481 reducing positions.

Insiders Place Their Bets

In related news, CAO Mark S. Garfield sold 918 shares of Workday stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $189.45, for a total transaction of $173,915.10. Following the completion of the transaction, the chief accounting officer directly owned 69,309 shares of the company's stock, valued at approximately $13,130,590.05. The trade was a 1.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gerrit S. Kazmaier sold 2,729 shares of the company's stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $187.28, for a total transaction of $511,087.12. Following the transaction, the insider owned 251,314 shares in the company, valued at $47,066,085.92. The trade was a 1.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 quarter, insiders have sold 988,104 shares of company stock valued at $188,811,574. 18.64% of the stock is currently owned by company insiders.

Institutional Trading of Workday

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA lifted its position in shares of Workday by 8.7% during the first quarter. Pictet Asset Management Holding SA now owns 2,803,568 shares of the software maker's stock worth $364,217,000 after purchasing an additional 223,493 shares during the last quarter. Tidal Investments LLC increased its stake in Workday by 43.6% in the 2nd quarter. Tidal Investments LLC now owns 1,439,456 shares of the software maker's stock worth $176,218,000 after buying an additional 437,175 shares during the period. First Trust Advisors LP increased its stake in Workday by 9.6% in the 1st quarter. First Trust Advisors LP now owns 1,416,176 shares of the software maker's stock worth $183,990,000 after buying an additional 124,524 shares during the period. Pacer Advisors Inc. lifted its holdings in Workday by 60.4% during the 1st quarter. Pacer Advisors Inc. now owns 1,227,051 shares of the software maker's stock valued at $159,418,000 after buying an additional 462,002 shares in the last quarter. Finally, Temasek Holdings Private Ltd lifted its holdings in Workday by 9.5% during the 1st quarter. Temasek Holdings Private Ltd now owns 889,318 shares of the software maker's stock valued at $115,540,000 after buying an additional 77,330 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Company Profile

Workday, Inc is an enterprise software company that provides cloud-based applications for managing human resources, finance and business operations. Its platform is designed to help organizations manage workforce information, accounting, financial reporting, procurement, expenses and other core business processes through a unified software environment.

The company's products include human capital management, financial management, financial planning, spend management, payroll, recruiting, talent management, workforce planning, analytics and reporting solutions.

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