Guggenheim Reaffirms Buy Rating for Workday (NASDAQ:WDAY)

Workday (NASDAQ:WDAY)‘s stock had its “buy” rating reiterated by analysts at Guggenheim in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $285.00 price objective on the software maker’s stock. Guggenheim’s price objective would suggest a potential upside of 99.45% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Piper Sandler lowered their price objective on Workday from $235.00 to $200.00 and set a “neutral” rating for the company in a research note on Monday, February 2nd. The Goldman Sachs Group started coverage on shares of Workday in a research report on Monday, January 12th. They set a “neutral” rating and a $238.00 price target for the company. Stifel Nicolaus set a $175.00 price objective on shares of Workday in a research report on Monday, February 9th. Evercore set a $200.00 target price on shares of Workday in a research report on Monday, February 9th. Finally, Morgan Stanley lifted their price target on Workday from $255.00 to $280.00 and gave the company an “equal weight” rating in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $255.90.

Workday Stock Performance

Shares of Workday stock traded down $0.23 during trading hours on Wednesday, reaching $142.90. The company’s stock had a trading volume of 761,429 shares, compared to its average volume of 4,188,594. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.83 and a current ratio of 1.83. Workday has a one year low of $139.38 and a one year high of $281.00. The company’s 50 day simple moving average is $192.91 and its 200 day simple moving average is $216.63. The stock has a market cap of $37.58 billion, a P/E ratio of 60.03, a price-to-earnings-growth ratio of 1.23 and a beta of 1.13.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.15. Workday had a net margin of 6.95% and a return on equity of 10.50%. The firm had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter last year, the company posted $1.89 earnings per share. Workday’s revenue was up 12.6% on a year-over-year basis. As a group, analysts expect that Workday will post 2.63 EPS for the current fiscal year.

Insider Activity

In other Workday news, CAO Mark S. Garfield sold 953 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $209.56, for a total value of $199,710.68. Following the completion of the sale, the chief accounting officer directly owned 35,336 shares in the company, valued at $7,405,012.16. This represents a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $208.75, for a total value of $1,252,500.00. Following the transaction, the chief financial officer owned 159,158 shares in the company, valued at approximately $33,224,232.50. This trade represents a 3.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 370,321 shares of company stock valued at $78,866,401 over the last 90 days. Corporate insiders own 19.31% of the company’s stock.

Hedge Funds Weigh In On Workday

Several hedge funds have recently made changes to their positions in WDAY. Rakuten Securities Inc. acquired a new stake in Workday during the second quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Workday during the 3rd quarter valued at $26,000. DT Investment Partners LLC acquired a new stake in shares of Workday during the 4th quarter valued at $27,000. LRI Investments LLC bought a new stake in shares of Workday during the 4th quarter worth $29,000. Finally, JPL Wealth Management LLC acquired a new position in shares of Workday in the 3rd quarter worth $30,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

More Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Rosenblatt upgraded WDAY from “hold” to “buy” with a $180 price target (down from $235), signaling conviction that shares have meaningful upside under the new leadership/strategy. Rosenblatt Upgrades Workday
• Positive Sentiment: Coverage emphasizes the return of co‑founder Aneel Bhusri as CEO and a renewed AI focus as potential longer‑term catalysts that could re‑rate the stock if execution follows through. Workday CEO Return And AI Push
• Positive Sentiment: Third‑party product news: Interact announced new AI features and a Workday integration — a sign of continued ecosystem demand and product relevance for HR/employee experience workflows. Interact Expands Platform with Workday Integration
• Neutral Sentiment: Workday is scheduled to report earnings next week — that timing puts focus on guidance/AI monetization commentary as the immediate near‑term catalyst. Workday to Release Earnings on Tuesday
• Negative Sentiment: Citizens JMP downgraded WDAY from “outperform” to “market perform,” removing some buy‑side conviction and adding selling pressure. Finviz Downgrade Note
• Negative Sentiment: Oppenheimer cut its price target from $270 to $200 (still an “outperform”), a sizable reduction that highlights reduced bullishness on upside and weighs on sentiment. Oppenheimer Lowers Price Target
• Negative Sentiment: BMO cut its price target from $285 to $204 while keeping an “outperform” rating — another material PT cut that reduces the consensus upside and fuels short‑term selling. BMO Lowers Price Target
• Negative Sentiment: Zacks cautions Workday may lack the setup for an earnings beat next report, which raises short‑term downside risk if results/guidance disappoint. Zacks Earnings Preview

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.