Workday’s (WDAY) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Workday (NASDAQ:WDAY) in a report released on Thursday morning,Benzinga reports. The firm currently has a $300.00 price objective on the software maker’s stock.

Several other research firms have also commented on WDAY. The Goldman Sachs Group initiated coverage on shares of Workday in a research report on Monday, January 12th. They set a “neutral” rating and a $238.00 price target on the stock. Citigroup cut their target price on shares of Workday from $261.00 to $247.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. Guggenheim restated a “buy” rating and set a $285.00 target price on shares of Workday in a report on Wednesday, November 26th. Citizens Jmp reiterated a “market outperform” rating and issued a $315.00 price target on shares of Workday in a report on Wednesday, November 26th. Finally, DA Davidson cut their price objective on Workday from $260.00 to $250.00 and set a “hold” rating on the stock in a research report on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $277.00.

Workday Price Performance

Shares of Workday stock opened at $158.76 on Thursday. The business’s fifty day moving average price is $203.82 and its 200 day moving average price is $221.73. Workday has a twelve month low of $156.87 and a twelve month high of $283.68. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $41.75 billion, a P/E ratio of 66.71, a PEG ratio of 1.47 and a beta of 1.13.

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

Insider Buying and Selling

In other news, insider Robert Enslin sold 22,185 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $210.17, for a total transaction of $4,662,621.45. Following the completion of the sale, the insider directly owned 106,330 shares in the company, valued at $22,347,376.10. This trade represents a 17.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Carl M. Eschenbach sold 3,125 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $210.00, for a total value of $656,250.00. Following the completion of the transaction, the chief executive officer owned 17,097 shares in the company, valued at approximately $3,590,370. This trade represents a 15.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 370,321 shares of company stock worth $78,866,401 over the last quarter. Company insiders own 19.31% of the company’s stock.

Institutional Trading of Workday

A number of hedge funds and other institutional investors have recently made changes to their positions in WDAY. Rakuten Securities Inc. acquired a new position in Workday during the 2nd quarter worth $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Workday in the 3rd quarter valued at about $26,000. LRI Investments LLC bought a new position in shares of Workday during the fourth quarter worth about $29,000. JPL Wealth Management LLC acquired a new position in Workday in the third quarter worth about $30,000. Finally, Berbice Capital Management LLC increased its holdings in Workday by 136.4% in the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock valued at $31,000 after buying an additional 75 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday News Roundup

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Needham reiterated a “buy” and set a $300 price target, signaling strong analyst conviction and headline support for upside. Needham Buy Rating
• Positive Sentiment: Workday is expanding veteran hiring tools/ecosystem — a product/CSR move that can help retain customers and address talent gaps, useful longer-term for adoption and PR. Workday Expands Veteran Hiring Tools
• Positive Sentiment: Technical/short-term strength noted after a recent intraday jump and higher-than-average volume — could attract momentum buyers if sustained. Zacks: Strength Seen in WDAY
• Neutral Sentiment: Piper Sandler moved WDAY to a “hold,” signaling a more cautious stance from another shop — less bullish than Needham but not bearish. Piper Sandler Hold
• Neutral Sentiment: Market commentary warns against “bottom-feeding” on new lows — a cautionary backdrop that can limit bargain-hunting. Investopedia: Do Stock Sell-Offs Pay Off?
• Negative Sentiment: Workday announced layoffs affecting about 2% (~400 jobs), mainly in customer-service roles, framed as a realignment to cut costs — a direct negative catalyst for sentiment and near-term execution concerns. Workday Cuts 400 Jobs
• Negative Sentiment: Workday flagged a wider FY26 GAAP vs. non-GAAP margin gap and tied it to the workforce reduction — investors worry about margin pressure and accounting reconciliation risks. MSN: Wider FY26 GAAP vs Non-GAAP Margin Gap
• Negative Sentiment: OpenAI launched “Frontier,” an enterprise agent platform that can sit atop or replace functions of SaaS apps like Workday — raising strategic/competitive risk from a major AI player. Fortune: OpenAI Announces Frontier
• Negative Sentiment: Broader headlines and sell-off pieces summarize that Workday and peers are falling amid AI/sector jitters and valuation re-pricing, reinforcing the down pressure. Yahoo: Shares Are Falling

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.