Workday (NASDAQ:WDAY) Price Target Raised to $145.00 at Piper Sandler

Key Points

• Piper Sandler raised Workday’s price target from $135 to $145 while keeping a neutral rating, implying about 19% upside from the stock’s current price.
• Other analysts remain mixed on WDAY: recent moves include target cuts and rating downgrades from some firms, while the broader consensus still sits at Moderate Buy with an average target of $193.69.
• Workday’s latest quarter showed earnings and revenue beats, with EPS of $2.66 versus $2.49 expected and revenue up 13.5% year over year; the article also notes heavy insider selling and strong institutional ownership.

Workday (NASDAQ:WDAY - Get Free Report) had its price objective boosted by stock analysts at Piper Sandler from $135.00 to $145.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the software maker's stock. Piper Sandler's price objective would suggest a potential upside of 19.00% from the stock's current price.

WDAY has been the subject of several other research reports. Guggenheim decreased their price target on shares of Workday from $285.00 to $275.00 and set a "buy" rating for the company in a research note on Wednesday, February 25th. Citizens Jmp lowered shares of Workday from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 18th. Wells Fargo & Company set a $185.00 price objective on shares of Workday and gave the company an "overweight" rating in a report on Friday. Wolfe Research reissued an "outperform" rating and set a $160.00 price objective on shares of Workday in a report on Friday. Finally, UBS Group reissued a "market perform" rating on shares of Workday in a report on Friday. Twenty investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $193.69.

Workday Stock Performance

Workday stock opened at $121.85 on Friday. The company has a 50 day moving average price of $126.10 and a 200-day moving average price of $169.57. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.32. Workday has a fifty-two week low of $110.36 and a fifty-two week high of $273.80. The company has a market capitalization of $31.32 billion, a PE ratio of 47.23, a P/E/G ratio of 1.23 and a beta of 1.04.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.17. Workday had a net margin of 7.26% and a return on equity of 13.37%. The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the firm posted $2.23 earnings per share. The company's revenue was up 13.5% on a year-over-year basis. As a group, equities analysts forecast that Workday will post 5.11 earnings per share for the current year.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 107,500 shares of Workday stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $129.76, for a total value of $13,949,200.00. Following the transaction, the insider directly owned 105,049 shares of the company's stock, valued at approximately $13,631,158.24. The trade was a 50.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gerrit S. Kazmaier sold 9,356 shares of Workday stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $128.39, for a total transaction of $1,201,216.84. Following the completion of the transaction, the insider directly owned 165,074 shares in the company, valued at $21,193,850.86. This represents a 5.36% decrease in their ownership of the stock. 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. Insiders sold 989,814 shares of company stock worth $131,576,291 over the last ninety days. Corporate insiders own 18.64% of the company's stock.

Hedge Funds Weigh In On Workday

Institutional investors and hedge funds have recently bought and sold shares of the company. Rakuten Securities Inc. purchased a new position in Workday in the second quarter worth $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Workday during the third quarter valued at $26,000. DT Investment Partners LLC purchased a new stake in shares of Workday during the fourth quarter valued at $27,000. LRI Investments LLC purchased a new stake in shares of Workday during the fourth quarter valued at $29,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Workday during the third quarter valued at $30,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday delivered a clear Q1 beat on earnings and revenue, which is helping drive the stock higher. Workday shares jump as AI demand eases investor concerns
• Positive Sentiment: The company highlighted strong AI momentum, including new agentic AI offerings such as Sana for ITSM and a travel agent, suggesting a path to better monetization and customer adoption. Workday Announces Sana for IT Service Management and New Travel Agent
• Positive Sentiment: Management also raised its margin outlook, and analysts such as William Blair reiterated bullish views, reinforcing confidence that the business can expand profits while growing. Workday: Buy Rating Reaffirmed on Strong Q1 Beat, Rapid AI Monetization, Margin Upgrade and Attractive Valuation
• Neutral Sentiment: Aneel Bhusri returned as CEO during the quarter, a leadership change that may help execution, but investors will still want to see sustained progress in coming quarters.
• Negative Sentiment: Some pre-earnings commentary had flagged execution risk, slower growth trends, and concerns about AI rivals, so the rally may depend on Workday proving this quarter is the start of a stronger trend rather than a one-time beat. Workday execution risk flagged by Jefferies ahead of quarterly earnings

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.

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