The Goldman Sachs Group Cuts Workday (NASDAQ:WDAY) Price Target to $206.00

Workday (NASDAQ:WDAY) had its price target cut by The Goldman Sachs Group from $238.00 to $206.00 in a research report released on Wednesday,Benzinga reports. They currently have a neutral rating on the software maker’s stock.

A number of other equities analysts have also recently commented on WDAY. UBS Group dropped their price objective on shares of Workday from $240.00 to $170.00 and set a “neutral” rating for the company in a research note on Tuesday, February 10th. Citigroup cut their price target on Workday from $261.00 to $247.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. Rosenblatt Securities reduced their price objective on shares of Workday from $180.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday. TD Cowen lowered Workday from a “buy” rating to a “hold” rating and set a $155.00 target price for the company. in a research note on Wednesday. Finally, JPMorgan Chase & Co. decreased their price target on Workday from $270.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fifteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and an average price target of $205.19.

Workday Stock Performance

NASDAQ WDAY opened at $133.76 on Wednesday. The company has a quick ratio of 1.83, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. Workday has a twelve month low of $117.76 and a twelve month high of $276.00. The business has a 50-day moving average price of $179.53 and a 200-day moving average price of $211.88. The firm has a market cap of $35.18 billion, a price-to-earnings ratio of 51.85, a price-to-earnings-growth ratio of 1.28 and a beta of 1.13.

Workday (NASDAQ:WDAY) last released its earnings results on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, topping the consensus estimate of $2.32 by $0.15. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. Workday had a net margin of 7.26% and a return on equity of 13.37%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.92 earnings per share. As a group, equities research analysts predict that Workday will post 2.63 EPS for the current fiscal year.

Insider Activity at Workday

In related news, insider Richard Harry Sauer sold 1,130 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $210.00, for a total value of $237,300.00. Following the completion of the sale, the insider owned 85,398 shares in the company, valued at $17,933,580. This represents a 1.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder David A. Duffield sold 82,884 shares of Workday stock in a transaction that occurred on 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 transaction, the insider 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 370,321 shares of company stock worth $78,866,401 over the last three months. Company insiders own 19.31% of the company’s stock.

Institutional Investors Weigh In On Workday

Institutional investors have recently added to or reduced their stakes in the business. Rakuten Securities Inc. purchased a new position in shares of Workday in the 2nd quarter valued at about $25,000. Measured Wealth Private Client Group LLC purchased a new stake in Workday during the third quarter valued at about $26,000. DT Investment Partners LLC purchased a new position in shares of Workday in the 4th quarter valued at $27,000. LRI Investments LLC purchased a new stake in shares of Workday in the fourth quarter worth about $29,000. Finally, JPL Wealth Management LLC acquired a new stake in Workday in the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Insperity partnership expands Workday into the SMB market with the general availability of Insperity HRScale, pairing Workday HCM with outsourced HR services — a tangible route to new recurring revenue and smaller-account penetration. Workday And Insperity Target SMB Growth With New HRScale Partnership
• Positive Sentiment: Healthcare integrations: Kahuna and Skillcentrix will bring clinically validated skills data into Workday for frontline healthcare workforces, strengthening industry-specific stickiness and compliance value of the platform. Kahuna and Skillcentrix Partner to Bring Trusted, Clinically Validated Skills Data into Workday
• Positive Sentiment: Bullish coverage and buyback/institutional support arguments note solid Q4 execution (revenue and EPS beat, margin expansion) and argue the pullback presents a long-term buying opportunity. Workday, Seriously, It’s Time to Buy This SaaS Leader
• Neutral Sentiment: Q4 results mixed: revenue and EPS topped expectations and margins improved, but management issued softer near-term guidance (2027), creating uncertainty around growth cadence despite operating leverage. Workday (WDAY) Is Down 9.0% After Softer 2027 Outlook and CEO Shift Back to Co-Founder
• Neutral Sentiment: Analyst reactions are mixed — some firms raised or maintained Buy ratings and raised targets, while many cut price targets after the guidance miss; that spread increases short-term volatility as investors sort the outlook. Workday Given New $206.00 Price Target at The Goldman Sachs Group
• Negative Sentiment: Significant analyst downgrades and price-target cuts (e.g., DA Davidson to $125, Citi cut to $148, UBS to $130 and multiple others) have pressured the stock and triggered a gap down in early trading. Workday price target lowered to $125 from $250 at DA Davidson
• Negative Sentiment: Macro/sector risk: renewed AI-selloff and skepticism about how AI will reshape enterprise software have depressed valuation multiples across SaaS names and increased investor risk aversion for names like Workday. Commentary from high‑profile commentators has added to the negative sentiment. Will AI Kill Software? Fear Creeps Beyond ‘Saaspocalypse,’ Hits IBM, DoorDash
• Negative Sentiment: Market reaction driven by guidance cut and executive leadership change (co‑founder Aneel Bhusri returning as CEO) increased uncertainty and likely accelerated selling pressure. Workday Retreats As Fiscal 2027 Guidance Falls Short Amid CEO’s Return

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.