Workday (NASDAQ:WDAY) Price Target Lowered to $214.00 at Sanford C. Bernstein

Workday (NASDAQ:WDAY) had its price target dropped by equities research analysts at Sanford C. Bernstein from $298.00 to $214.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the software maker’s stock. Sanford C. Bernstein’s price objective suggests a potential upside of 64.42% from the stock’s current price.

A number of other equities analysts also recently issued reports on the stock. BTIG Research dropped their price objective on shares of Workday from $230.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday. Citizens Jmp downgraded shares of Workday from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Loop Capital set a $280.00 target price on shares of Workday in a research note on Wednesday, December 10th. DA Davidson set a $125.00 price target on Workday in a research report on Wednesday. Finally, The Goldman Sachs Group started coverage on Workday in a report on Monday, January 12th. They issued a “neutral” rating and a $238.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $212.66.

Workday Trading Down 0.1%

Shares of NASDAQ:WDAY traded down $0.08 during trading on Wednesday, hitting $130.15. The company had a trading volume of 12,626,217 shares, compared to its average volume of 4,707,607. 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 one year low of $117.76 and a one year high of $281.00. The stock has a market cap of $34.23 billion, a price-to-earnings ratio of 54.68, a price-to-earnings-growth ratio of 1.11 and a beta of 1.13. The company has a fifty day simple moving average of $184.46 and a two-hundred day simple moving average of $213.51.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, beating the consensus estimate of $2.32 by $0.15. The company 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 10.50% and a net margin of 6.95%.Workday’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.92 EPS. As a group, equities analysts forecast that Workday will post 2.63 earnings per share for the current year.

Insiders Place Their Bets

In other Workday news, CEO Carl M. Eschenbach sold 3,125 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $210.00, for a total value of $656,250.00. Following the sale, the chief executive officer directly owned 17,097 shares of the company’s stock, valued at approximately $3,590,370. This trade represents a 15.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gerrit S. Kazmaier sold 6,547 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $218.77, for a total value of $1,432,287.19. Following the transaction, the insider directly owned 111,353 shares of the company’s stock, valued at approximately $24,360,695.81. The trade was a 5.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 370,321 shares of company stock valued at $78,866,401. Insiders own 20.00% of the company’s stock.

Hedge Funds Weigh In On Workday

A number of large investors have recently added to or reduced their stakes in WDAY. Rakuten Securities Inc. acquired a new position in Workday in the second quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC purchased a new stake in Workday in the third quarter valued at $26,000. JPL Wealth Management LLC acquired a new position in shares of Workday in the 3rd quarter valued at $30,000. DT Investment Partners LLC purchased a new position in shares of Workday during the 4th quarter worth $27,000. Finally, Berbice Capital Management LLC increased its position in shares of Workday by 136.4% during the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after purchasing an additional 75 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday News Roundup

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Q4 beat — Workday reported stronger-than-expected fiscal Q4 results with EPS and revenue above consensus, driven by solid subscription growth and rising backlog, supporting the longer-term growth story. Workday Q4 Earnings Beat
• Positive Sentiment: Bull thesis & catalyst — Management is leaning into agentic AI as a growth catalyst and some firms (e.g., Needham) reaffirm Buy with high price targets, signaling conviction in longer-term upside despite near-term headwinds. Needham Buy Rating
• Neutral Sentiment: Macro / sector noise — The stock is trading amid broader software/AI-driven volatility; sector sentiment and macro uncertainty are amplifying reactions to guidance rather than fundamentals alone. Market Context
• Negative Sentiment: Guidance miss — Workday guided FY27 subscription revenue below Street estimates (slower new client wins amid corporate spending caution), which triggered an after-hours selloff and renewed investor concern about near-term growth. Reuters: Guidance Below Estimates
• Negative Sentiment: Margin pressure from AI investment — Analysts flagged that accelerated AI spending will compress near-term margins (and operating income guidance disappointed), which weighed on sentiment despite the quarter’s beat. MarketWatch: Cost of Competing in AI
• Negative Sentiment: Analyst cuts and downgrades — Multiple banks trimmed price targets or downgraded WDAY (Piper Sandler, BMO, BTIG, TD Cowen, Evercore, Mizuho, Rosenblatt, Wells Fargo, JPMorgan moves noted), increasing near-term selling pressure and raising uncertainty around consensus estimates. Benzinga: Analyst Activity

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.