BTIG Research Issues Pessimistic Forecast for Workday (NASDAQ:WDAY) Stock Price

Workday (NASDAQ:WDAY) had its target price lowered by analysts at BTIG Research from $230.00 to $175.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. BTIG Research’s price objective would indicate a potential upside of 34.38% from the company’s previous close.

A number of other analysts also recently issued reports on WDAY. Citizens Jmp downgraded shares of Workday from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Citigroup lowered their price objective on Workday from $261.00 to $247.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. TD Cowen downgraded Workday from a “buy” rating to a “hold” rating and set a $155.00 target price for the company. in a research report on Wednesday. Oppenheimer dropped their price target on Workday from $270.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Workday from $270.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday. 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 stock. According to data from MarketBeat, Workday currently has an average rating of “Moderate Buy” and an average target price of $233.16.

Workday Price Performance

Shares of NASDAQ WDAY opened at $130.23 on Wednesday. The firm has a market cap of $34.25 billion, a P/E ratio of 54.72, a price-to-earnings-growth ratio of 1.11 and a beta of 1.13. The business’s 50 day moving average is $184.46 and its 200-day moving average is $213.51. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.34. Workday has a 1-year low of $125.83 and a 1-year high of $281.00.

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

Insider Activity

In related news, insider Robert Enslin sold 22,185 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $210.17, for a total transaction of $4,662,621.45. Following the completion of the transaction, the insider directly owned 106,330 shares in the company, valued at $22,347,376.10. This represents a 17.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Carl M. Eschenbach sold 3,125 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $210.00, for a total transaction of $656,250.00. Following the completion of the transaction, the chief executive officer directly owned 17,097 shares of the company’s stock, valued at approximately $3,590,370. The trade was a 15.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 370,321 shares of company stock valued at $78,866,401. Corporate insiders own 20.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WDAY. Pacer Advisors Inc. boosted its holdings in shares of Workday by 840.9% during the 4th quarter. Pacer Advisors Inc. now owns 765,049 shares of the software maker’s stock valued at $164,317,000 after acquiring an additional 683,741 shares in the last quarter. Virtu Financial LLC bought a new position in Workday in the fourth quarter valued at about $2,518,000. Compound Planning Inc. boosted its stake in shares of Workday by 32.8% during the fourth quarter. Compound Planning Inc. now owns 2,818 shares of the software maker’s stock valued at $605,000 after purchasing an additional 696 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Workday by 7.0% during the fourth quarter. Invesco Ltd. now owns 2,552,061 shares of the software maker’s stock valued at $548,132,000 after purchasing an additional 166,564 shares in the last quarter. Finally, Rare Wolf Capital LLC bought a new stake in shares of Workday during the fourth quarter worth about $215,000. 89.81% of the stock is currently owned by institutional investors.

More Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Q4 beats — Workday reported better‑than‑expected fiscal Q4 results: revenue and EPS topped consensus and subscription revenue grew year‑over‑year, underpinned by strong cash flow. Workday Q4 results press release
• Positive Sentiment: Analyst buy thesis remains for some — Needham reaffirmed a Buy and kept a $300 price target, arguing AI investments offer long‑term upside despite near‑term headwinds. Needham buy rating
• Neutral Sentiment: Leadership/AI strategy — Workday has emphasized agentic AI as a growth driver and recently brought back a founder CEO, a strategic pivot that could help execution but adds uncertainty about near‑term priorities. CEO return and AI focus
• Neutral Sentiment: Broader software sell‑off — The pullback in software names and macro uncertainty amplified the reaction to Workday’s guidance, meaning market moves reflect sector trends as well as company specifics. Software sector pressure
• Negative Sentiment: Guidance miss — Management forecast FY‑2027 subscription revenue below Street estimates (and guided for slower subscription growth), signaling weaker new‑client wins as corporate tech spend moderates. Revenue guidance below estimates
• Negative Sentiment: Margins and AI investment cost — Workday warned of margin pressure as it accelerates AI investments and guidance for adjusted operating income was cautious, pressuring investor sentiment about near‑term profitability. Margin outlook and AI costs
• Negative Sentiment: Analyst reactions — Several brokers pared targets or downgraded WDAY (Jefferies, Mizuho among them); JPMorgan lowered its target too, increasing near‑term selling pressure. Jefferies cut Mizuho downgrade (summary) JPM price‑target move (summary)

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.