Workday (NASDAQ:WDAY) Price Target Raised to $218.00

Workday (NASDAQ:WDAY) had its price objective upped by Monness Crespi & Hardt from $202.00 to $218.00 in a research report report published on Friday, MarketBeat reports. Monness Crespi & Hardt currently has a buy rating on the software maker’s stock.

Several other research analysts also recently commented on the company. BMO Capital Markets lifted their target price on Workday from $182.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday. Morgan Stanley increased their price target on Workday from $145.00 to $180.00 and gave the company an “underweight” rating in a research note on Friday. Weiss Ratings raised Workday from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, August 13th. Citigroup lifted their price objective on shares of Workday from $139.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, DA Davidson set a $135.00 price objective on shares of Workday in a report on Tuesday, May 26th. Twenty research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $206.00.

Workday Stock Performance

Shares of NASDAQ:WDAY opened at $204.72 on Friday. Workday has a 52-week low of $110.36 and a 52-week high of $249.85. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $50.57 billion, a P/E ratio of 41.53, a price-to-earnings-growth ratio of 2.17 and a beta of 1.08. The company has a 50-day simple moving average of $157.71 and a 200 day simple moving average of $140.71.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results 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. The firm 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 business’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.21 earnings per share. Sell-side analysts forecast that Workday will post 5.39 earnings per share for the current year.

Insiders Place Their Bets

In other Workday news, 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 transaction of $862,200.00. Following the transaction, the chief financial officer owned 288,460 shares in the company, valued at $41,451,702. This trade represents a 2.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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. Also, insider Robert Enslin sold 5,374 shares of the business’s stock in a transaction dated Sunday, July 5th. The shares were sold at an average price of $134.90, for a total transaction of $724,952.60. Following the completion of the sale, the insider directly owned 239,469 shares of the company’s stock, valued at approximately $32,304,368.10. The trade was a 2.19% 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. Insiders have sold 875,020 shares of company stock worth $113,938,503 in the last 90 days. Company insiders own 18.64% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System grew its position in shares of Workday by 11,770.8% during the 2nd quarter. California State Teachers Retirement System now owns 36,907,426 shares of the software maker’s stock worth $4,518,207,000 after purchasing an additional 36,596,516 shares in the last quarter. Paralel Advisors LLC acquired a new stake in shares of Workday in the second quarter valued at approximately $2,178,000. Wedmont Private Capital raised its position in shares of Workday by 25.9% in the second quarter. Wedmont Private Capital now owns 2,751 shares of the software maker’s stock valued at $337,000 after buying an additional 566 shares in the last quarter. Kintra Wealth LLC bought a new stake in shares of Workday in the second quarter valued at approximately $499,000. Finally, Figure 8 Investment Strategies LLC boosted its stake in shares of Workday by 84.2% in the second quarter. Figure 8 Investment Strategies LLC now owns 6,571 shares of the software maker’s stock valued at $804,000 after buying an additional 3,003 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Trending Headlines about Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday reported fiscal Q2 revenue of $2.649 billion, up 12.8% year over year, while subscription revenue increased 13.9% to $2.471 billion. Adjusted EPS of $2.75 exceeded the $2.61 consensus estimate. Workday Announces Fiscal 2027 Second Quarter Financial Results
• Positive Sentiment: Profitability was a major bright spot: net income rose sharply to $632 million from $228 million a year earlier, and analysts cited subscription growth and expanding margins as reasons for increased price targets. WDAY Q2 Earnings Beat Estimates on Subscription Growth, Margin Gains
• Positive Sentiment: AI products accounted for more than one-quarter of new contract value, suggesting growing customer demand for Workday’s AI agents and supporting the company’s longer-term growth strategy. AI Products Accounted for More Than a Quarter of Workday’s New Q2 Contract Value
• Positive Sentiment: Workday authorized a substantial $4 billion share-repurchase program, potentially providing support for per-share results and signaling confidence in cash generation and valuation.
• Positive Sentiment: Several firms raised their targets after the report, including BMO Capital Markets and Needham to $230, KeyCorp to $215 and Monness to $218, with buy, overweight or outperform ratings.
• Neutral Sentiment: Analyst opinion remains divided. Some see AI momentum and margin expansion driving upside, while others believe the current valuation already reflects much of the improvement.
• Neutral Sentiment: Jim Cramer characterized the results as evidence that there is no broad SaaS-sector meltdown, supporting sentiment toward enterprise software stocks. Jim Cramer Says Workday Results Show No SaaS Meltdown in Sight
• Negative Sentiment: Workday’s fiscal 2027 revenue outlook of approximately $9.9 billion to $10.0 billion was below the roughly $10.7 billion analyst consensus, raising concerns about a potential slowdown and the risk of another guidance reduction. Workday’s outlook meets estimates despite AI demand
• Negative Sentiment: TD Cowen, Freedom Broker, Piper Sandler and DA Davidson maintained neutral or hold views, with targets ranging from $190 to $210—mostly indicating limited upside or downside from recent levels.

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.