Wells Fargo & Company Cuts Workday (NASDAQ:WDAY) Price Target to $180.00

Workday (NASDAQ:WDAY) had its price objective decreased by Wells Fargo & Company from $255.00 to $180.00 in a research note released on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the software maker’s stock.

Several other research firms also recently commented on WDAY. Jefferies Financial Group downgraded shares of Workday from a “buy” rating to a “hold” rating and dropped their price objective for the company from $325.00 to $150.00 in a report on Monday. Loop Capital set a $280.00 price target on shares of Workday in a report on Wednesday, December 10th. DA Davidson cut their price target on Workday from $260.00 to $250.00 and set a “hold” rating on the stock in a research report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft decreased their price objective on Workday from $265.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 target price on shares of Workday in a report on Wednesday. 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’s stock. Based on data from MarketBeat, Workday currently has an average rating of “Moderate Buy” and a consensus target price of $205.19.

Workday Price Performance

NASDAQ WDAY opened at $133.76 on Wednesday. The company has a market cap of $35.18 billion, a price-to-earnings ratio of 51.85, a PEG ratio of 1.28 and a beta of 1.13. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.32 and a quick ratio of 1.83. The stock’s fifty day moving average price is $179.53 and its 200 day moving average price is $211.88. Workday has a 1 year low of $117.76 and a 1 year high of $276.00.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.15. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. Workday had a return on equity of 13.37% and a net margin of 7.26%.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 business earned $1.92 EPS. As a group, equities research analysts forecast that Workday will post 2.63 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Zane Rowe sold 6,000 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer directly owned 159,158 shares in the company, valued at $33,224,232.50. This represents a 3.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 transaction of $656,250.00. Following the transaction, the chief executive officer owned 17,097 shares in the company, valued at $3,590,370. The trade was a 15.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 370,321 shares of company stock worth $78,866,401 in the last ninety days. Company insiders own 19.31% of the company’s stock.

Institutional Inflows and Outflows

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

More Workday News

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

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.