Workday (NASDAQ:WDAY) Price Target Cut to $148.00 by Analysts at Citigroup

Workday (NASDAQ:WDAY) had its target price decreased by stock analysts at Citigroup from $247.00 to $148.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the software maker’s stock. Citigroup’s price objective points to a potential upside of 6.44% from the company’s current price.

Other research analysts have also issued reports about the company. Zacks Research lowered Workday from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Oppenheimer cut their price objective on Workday from $200.00 to $165.00 and set an “outperform” rating on the stock in a research note on Wednesday. Piper Sandler reduced their target price on Workday from $200.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday. Stifel Nicolaus set a $175.00 price target on shares of Workday in a report on Monday, February 9th. Finally, The Goldman Sachs Group reduced their price objective on shares of Workday from $238.00 to $206.00 and set a “neutral” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.19.

Workday Trading Up 4.4%

Shares of NASDAQ WDAY traded up $5.89 during midday trading on Thursday, reaching $139.04. 7,985,620 shares of the stock were exchanged, compared to its average volume of 5,066,080. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.83. Workday has a 12 month low of $117.76 and a 12 month high of $276.00. The business has a 50-day simple moving average of $182.80 and a two-hundred day simple moving average of $212.95. The company has a market capitalization of $36.57 billion, a price-to-earnings ratio of 53.89, a P/E/G ratio of 1.12 and a beta of 1.13.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share (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 analyst estimates of $2.52 billion. Workday had a net margin of 7.26% and a return on equity of 12.93%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.92 earnings per share. As a group, equities research analysts expect that Workday will post 2.63 EPS for the current year.

Insider Buying and Selling at Workday

In other news, CAO Mark S. Garfield sold 953 shares of the company’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $209.56, for a total value of $199,710.68. Following the transaction, the chief accounting officer owned 35,336 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. 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 sale, the chief financial officer directly owned 159,158 shares of the company’s stock, valued at $33,224,232.50. This represents a 3.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 370,321 shares of company stock valued at $78,866,401. Insiders own 19.31% of the company’s stock.

Hedge Funds Weigh In On Workday

Several institutional investors have recently modified their holdings of WDAY. Rakuten Securities Inc. bought a new stake in Workday in the second quarter valued at $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Workday in the 3rd quarter worth about $26,000. JPL Wealth Management LLC bought a new stake in shares of Workday during the 3rd quarter valued at about $30,000. DT Investment Partners LLC bought a new stake in shares of Workday during the 4th quarter valued at about $27,000. Finally, Berbice Capital Management LLC increased its position in shares of Workday by 136.4% during 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 period. 89.81% of the stock is currently owned by institutional investors.

Key Stories Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Q4 results beat expectations: revenue, EPS and operating margins came in above consensus, driven by subscription growth and improving margins, giving bulls a solid fundamental reason to buy the dip. Workday Announces Fiscal 2026 Fourth Quarter and Full Year Financial Results
• Positive Sentiment: Support from buy-the-dip coverage and institutional buying: commentary from MarketBeat and others highlights aggressive pullback levels, share repurchases and continued institutional accumulation as reasons the stock could rebound. Workday, Seriously, It’s Time to Buy This SaaS Leader
• Positive Sentiment: Some analysts remain constructive: a subset of firms reaffirmed Buy ratings or left high price targets, providing counterbalance to the wave of cuts and giving value-oriented buyers confidence. Workday Given “Buy” Rating at Needham & Company LLC
• Neutral Sentiment: Leadership shift creates execution uncertainty: co-founder Aneel Bhusri is returning to the CEO role, which investors view as a stabilizing but transitional move — unclear near-term impact. Workday Retreats As Fiscal 2027 Guidance Falls Short Amid CEO’s Return
• Negative Sentiment: Guide disappointed: Workday forecast fiscal‑2027 subscription revenue below Street estimates and signaled slower deal closings in some industries — the main trigger for the recent selloff and ongoing caution. Workday forecasts 2027 annual subscription revenue below estimates
• Negative Sentiment: Broad analyst cuts and downgrades: multiple firms slashed price targets (DA Davidson, UBS, Piper, others), increasing near-term selling pressure and amplifying uncertainty on demand and margins. Workday price target lowered to $125 from $250 at DA Davidson
• Negative Sentiment: Rising short interest and sector AI fears: short interest jumped meaningfully in February and commentary from pundits and analysts (including Jim Cramer and sector pieces about AI disruption) keeps volatility elevated. I Don’t Know What Workday (WDAY) is Transitioning To, Says Jim Cramer

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.