JPMorgan Chase & Co. Cuts Workday (NASDAQ:WDAY) Price Target to $230.00

Workday (NASDAQ:WDAY) had its target price lowered by JPMorgan Chase & Co. from $270.00 to $230.00 in a report published on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the software maker’s stock.

A number of other equities analysts have also weighed in on WDAY. Robert W. Baird set a $195.00 target price on Workday in a research note on Tuesday. Evercore set a $200.00 price objective on shares of Workday in a research report on Monday, February 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 target price on shares of Workday in a research note on Thursday, February 5th. Guggenheim reissued a “buy” rating and issued a $285.00 price target on shares of Workday in a research note on Wednesday, February 18th. Finally, Stifel Nicolaus set a $175.00 price target on shares of Workday in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $205.19.

Workday Stock Performance

Workday stock opened at $139.11 on Tuesday. Workday has a 1-year low of $117.76 and a 1-year high of $276.00. The company has a current ratio of 1.32, a quick ratio of 1.83 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $36.59 billion, a PE ratio of 53.92, a price-to-earnings-growth ratio of 1.14 and a beta of 1.13. The firm’s 50 day simple moving average is $181.23 and its 200 day simple moving average is $212.44.

Workday (NASDAQ:WDAY) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $2.52 billion. Workday had a net margin of 7.26% and a return on equity of 13.37%. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.92 EPS. As a group, analysts expect that Workday will post 2.63 earnings per share for the current fiscal year.

Insider Activity at Workday

In other Workday news, insider Richard Harry Sauer sold 1,130 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $210.00, for a total transaction of $237,300.00. Following the completion of the sale, the insider owned 85,398 shares of the company’s stock, valued at $17,933,580. This represents a 1.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Mark S. Garfield sold 953 shares of the business’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $209.56, for a total transaction of $199,710.68. Following the completion of the transaction, the chief accounting officer owned 35,336 shares in the company, valued at $7,405,012.16. The trade was a 2.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 370,321 shares of company stock worth $78,866,401 over the last three months. Corporate insiders own 19.31% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rakuten Securities Inc. purchased a new stake in Workday in the second quarter worth $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Workday in the 3rd quarter worth about $26,000. DT Investment Partners LLC bought a new stake in shares of Workday during the 4th quarter valued at about $27,000. LRI Investments LLC bought a new position in Workday in the fourth quarter worth about $29,000. Finally, JPL Wealth Management LLC purchased a new stake in Workday in the third quarter worth about $30,000. Institutional investors own 89.81% of the company’s stock.

Key Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Q4 results beat — Workday reported stronger-than-expected Q4 revenue and EPS with subscription growth and margin expansion, a fundamental positive that supports long‑term revenue/unit economics. Workday Q4 Earnings Beat (Zacks)
• Positive Sentiment: Selective analyst support remains — Several firms (Needham, Guggenheim and others) continue Buy/Outperform calls with high price targets, underwriting upside if execution and guidance normalize. Needham Buy Rating (American Banking News)
• Neutral Sentiment: Partnerships and product moves — New offerings such as the Insperity HRScale rollout expand SMB reach but are not game‑changing near term. Insperity HRScale (Yahoo)
• Negative Sentiment: Weak FY27 subscription guidance — Management’s below‑consensus subscription revenue outlook and comments on longer deal timelines triggered the selloff and renewed AI‑disruption concerns. Workday tumbles on dour outlook (Reuters)
• Negative Sentiment: Widespread analyst price‑target cuts and downgrades — A cluster of PT reductions (UBS, Piper Sandler, DA Davidson, Goldman and others) has amplified selling pressure and market uncertainty. Analysts cut forecasts (Benzinga)
• Negative Sentiment: Short interest jumped (~34% month over month) — Rising short activity adds downward pressure and increases volatility risk until sentiment stabilizes.
• Negative Sentiment: Public skepticism and investor headlines — High‑profile critics (including Jim Cramer) questioning Workday’s transition and AI positioning have contributed to negative sentiment. Jim Cramer comments (Yahoo)
• Negative Sentiment: Recent firm‑level downgrades (Citigroup, UBS, Piper Sandler) — New cuts to price targets and neutral/hold stances (including a Citigroup PT reset to $148) sustain selling momentum. Analyst PT changes (Benzinga)

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.