Workday (NASDAQ:WDAY) Price Target Cut to $275.00 by Analysts at Guggenheim

Workday (NASDAQ:WDAY) had its price target dropped by research analysts at Guggenheim from $285.00 to $275.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. Guggenheim’s price target suggests a potential upside of 114.21% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. DA Davidson cut their price objective on shares of Workday from $260.00 to $250.00 and set a “hold” rating for the company in a research note on Wednesday, November 26th. Mizuho downgraded Workday from a “strong-buy” rating to a “hold” rating in a report on Monday. Citizens Jmp cut Workday from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. UBS Group reduced their price target on Workday from $240.00 to $170.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 10th. Finally, The Goldman Sachs Group initiated coverage on Workday in a research report on Monday, January 12th. They issued a “neutral” rating and a $238.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and sixteen have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $226.28.

Workday Price Performance

WDAY stock traded down $1.85 during mid-day trading on Wednesday, hitting $128.38. 7,085,612 shares of the stock were exchanged, compared to its average volume of 4,555,727. The business has a fifty day moving average price of $184.46 and a 200 day moving average price of $213.51. Workday has a 12 month low of $117.76 and a 12 month high of $281.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.83. The stock has a market capitalization of $33.76 billion, a price-to-earnings ratio of 54.39, a PEG ratio of 1.11 and a beta of 1.13.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.15. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Workday had a return on equity of 10.50% and a net margin of 6.95%.Workday’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the firm posted $1.92 EPS. On average, sell-side analysts anticipate that Workday will post 2.63 EPS for the current year.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 82,884 shares of the firm’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $209.75, for a total value of $17,384,919.00. Following the completion of the sale, the insider directly owned 105,049 shares in the company, valued at $22,034,027.75. This trade represents a 44.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert Enslin sold 22,185 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $210.17, for a total value of $4,662,621.45. Following the transaction, the insider owned 106,330 shares in the company, valued at $22,347,376.10. This trade represents a 17.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 370,321 shares of company stock worth $78,866,401. Company insiders own 20.00% of the company’s stock.

Institutional Investors Weigh In On Workday

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Workday by 14.7% during the fourth quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker’s stock valued at $5,371,495,000 after buying an additional 3,210,232 shares during the period. State Street Corp increased its stake in shares of Workday by 1.0% in the 4th quarter. State Street Corp now owns 9,770,707 shares of the software maker’s stock worth $2,098,552,000 after acquiring an additional 96,139 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in Workday by 47.5% during the 3rd 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 during the period. Geode Capital Management LLC lifted its position in Workday by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 5,091,926 shares of the software maker’s stock valued at $1,089,970,000 after acquiring an additional 75,922 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in Workday by 101.4% in the fourth quarter. Janus Henderson Group PLC now owns 5,017,905 shares of the software maker’s stock worth $1,077,537,000 after purchasing an additional 2,525,821 shares during the period. 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: Q4 results beat expectations: revenue and non?GAAP EPS topped estimates, subscription revenue grew ~15.7% YoY and margins improved, showing operating leverage that supports longer?term profitability. Workday Q4 results press release
• Positive Sentiment: Management emphasizes AI as a growth catalyst and is increasing AI investments — supporting the company’s long?term TAM and product differentiation despite near?term cost pressure. CEO emphasizes AI growth opportunity
• Positive Sentiment: Some analysts remain bullish: Needham reaffirmed a Buy with a $300 target and other shops still rate WDAY as an outperform opportunity, providing counter?balance to downgrades. Analyst notes (Benzinga)
• Neutral Sentiment: Broad market context — Nasdaq futures and a positive pre?open market helped stabilize software names today, which may be supporting a bounce in WDAY despite company?specific headwinds. Market futures ahead of open
• Negative Sentiment: Weak FY27 subscription revenue guidance: Workday forecast subscription growth below Street estimates (guidance ~12–13%), signaling slower new client wins as customers moderate tech spend — the primary driver of the post?earnings selloff. Reuters: forecasts below estimates
• Negative Sentiment: AI disruption fears and margin/cost concerns: Investors are worried that AI both threatens parts of the software model and forces heavy near?term investment; commentary and headlines point to the “cost of competing in AI” denting near?term margins. MarketWatch: cost of competing in AI
• Negative Sentiment: Leadership change and uncertainty: Co?founder Aneel Bhusri is returning as CEO, adding transition risk that some investors see as a near?term overhang on execution and sentiment. Yahoo: founder returns as CEO
• Negative Sentiment: Analyst cuts and downgrades: Several firms trimmed price targets or downgraded ratings after the cautious outlook (multiple reports summarize cuts and rating changes), which amplifies selling pressure and headline risk. Benzinga: analysts slash forecasts

About Workday

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.