Oppenheimer Cuts Workday (NASDAQ:WDAY) Price Target to $200.00

Workday (NASDAQ:WDAY) had its target price reduced by Oppenheimer from $270.00 to $200.00 in a report issued on Tuesday morning, Marketbeat Ratings reports. Oppenheimer currently has an outperform rating on the software maker’s stock.

A number of other equities research analysts have also weighed in on WDAY. Piper Sandler lowered their target price on Workday from $235.00 to $200.00 and set a “neutral” rating for the company in a research note on Monday, February 2nd. Wall Street Zen raised Workday from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 14th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Workday in a research report on Wednesday, November 26th. Rosenblatt Securities upgraded shares of Workday from a “hold” rating to a “buy” rating and cut their target price for the stock from $235.00 to $180.00 in a report on Tuesday. Finally, JPMorgan Chase & Co. decreased their target price on shares of Workday from $290.00 to $270.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $255.90.

Workday Price Performance

Shares of Workday stock opened at $140.02 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.83 and a current ratio of 1.83. Workday has a 52-week low of $139.38 and a 52-week high of $281.00. The company has a fifty day moving average of $189.63 and a 200-day moving average of $215.58. The stock has a market capitalization of $36.83 billion, a price-to-earnings ratio of 58.83, a price-to-earnings-growth ratio of 1.22 and a beta of 1.13.

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

Insiders Place Their Bets

In other Workday news, insider Gerrit S. Kazmaier sold 3,759 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $208.73, for a total transaction of $784,616.07. Following the transaction, the insider owned 105,167 shares in the company, valued at approximately $21,951,507.91. This represents a 3.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Zane Rowe sold 6,000 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $208.75, for a total value of $1,252,500.00. Following the completion of the transaction, 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. Insiders sold a total of 370,321 shares of company stock valued at $78,866,401 over the last ninety days. 19.31% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Workday

Several institutional investors and hedge funds have recently added to or reduced their stakes in WDAY. Vanguard Group Inc. grew its position in shares of Workday by 14.7% in the 4th quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker’s stock worth $5,371,495,000 after buying an additional 3,210,232 shares during the period. State Street Corp lifted its position in Workday by 1.0% during the 4th quarter. State Street Corp now owns 9,770,707 shares of the software maker’s stock valued at $2,098,552,000 after acquiring an additional 96,139 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in Workday by 47.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker’s stock worth $1,406,463,000 after acquiring an additional 1,882,391 shares in the last quarter. Geode Capital Management LLC boosted its stake in Workday by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 5,091,926 shares of the software maker’s stock worth $1,089,970,000 after acquiring an additional 75,922 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Workday by 101.4% in the fourth quarter. Janus Henderson Group PLC now owns 5,017,905 shares of the software maker’s stock worth $1,077,537,000 after purchasing an additional 2,525,821 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

More Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Founder/CEO change — Workday’s founder returning as CEO is being framed as a refocus on the company’s AI roadmap and investor expectations; market reaction is mixed but this is a catalyst that could boost confidence in strategic execution over time. Workday Founder Returns As CEO Refocusing AI Roadmap And Investor Expectations
• Positive Sentiment: Broker upgrades/reaffirmations — Rosenblatt upgraded WDAY to Buy and Guggenheim reaffirmed its Buy with a $285 target, signaling some analyst conviction in medium‑term upside and the company’s positioning in AI-enabled HCM/ERP. Rosenblatt Securities Upgrades Workday (NASDAQ:WDAY) to Buy
• Positive Sentiment: Market narrative of being “oversold” — commentary from investors/analysts highlights material upside if execution normalizes, which can attract bargain‑hunting flows after the recent pullback. Workday: Oversold With Material Upside Potential
• Neutral Sentiment: Partner/product integration — Interact launched AI‑native features with Workday integration; positive for ecosystem but likely small near‑term impact on revenue. Interact Expands its Employee Experience Platform with New AI‑Native Features and Workday Integration
• Neutral Sentiment: Q4 preview/metrics focus — Analysts are digging into key metrics ahead of earnings (revenue mix, subscription growth, margin cadence); this is information‑driven and could swing sentiment after the report. Seeking Clues to Workday (WDAY) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
• Negative Sentiment: Multiple broker downgrades and price‑target cuts — BMO trimmed its target to $204 and Oppenheimer lowered expectations; Citizens downgraded to market perform. These moves increase selling pressure and signal tempered near‑term growth/profitability expectations. BMO Capital Markets Lowers Workday (NASDAQ:WDAY) Price Target to $204.00
• Negative Sentiment: Analyst notes and market commentary on the drop — Coverage explains why WDAY fell more than the broader market, reinforcing negative sentiment and momentum‑based selling. Here’s Why Workday (WDAY) Fell More Than Broader Market

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.