BTIG Research Cuts Workday (NASDAQ:WDAY) Price Target to $175.00

Workday (NASDAQ:WDAY) had its target price cut by BTIG Research from $230.00 to $175.00 in a research note published on Wednesday,Benzinga reports. They currently have a buy rating on the software maker’s stock.

Several other equities analysts also recently commented on WDAY. Evercore downgraded shares of Workday from an “outperform” rating to an “in-line” rating and set a $160.00 target price on the stock. in a report on Wednesday. Wall Street Zen upgraded Workday from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. Guggenheim reaffirmed a “buy” rating and set a $285.00 target price on shares of Workday in a research report on Wednesday, February 18th. Morgan Stanley lowered their price target on shares of Workday from $280.00 to $200.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Workday from $265.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat, Workday has an average rating of “Moderate Buy” and an average price target of $205.19.

Workday Price Performance

NASDAQ WDAY opened at $133.76 on Wednesday. The company has a 50-day moving average price of $179.53 and a 200-day moving average price of $211.88. Workday has a 52 week low of $117.76 and a 52 week high of $276.00. The company has a quick ratio of 1.83, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $35.18 billion, a P/E ratio of 51.85, a PEG ratio of 1.28 and a beta of 1.13.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.15. Workday had a net margin of 7.26% and a return on equity of 13.37%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the business posted $1.92 earnings per share. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. Equities research analysts anticipate that Workday will post 2.63 earnings per share for the current year.

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 82,884 shares of the company’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $209.75, for a total transaction of $17,384,919.00. Following the completion of the transaction, the insider owned 105,049 shares in the company, valued at $22,034,027.75. This represents a 44.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gerrit S. Kazmaier sold 3,759 shares of the business’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 value of $784,616.07. Following the sale, the insider owned 105,167 shares of the company’s stock, valued at $21,951,507.91. The trade was a 3.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 370,321 shares of company stock valued at $78,866,401 in the last quarter. 19.31% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Workday

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Rakuten Securities Inc. purchased a new position in Workday during the second quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Workday in the 3rd quarter valued at about $26,000. DT Investment Partners LLC purchased a new stake in shares of Workday during the 4th quarter worth $27,000. LRI Investments LLC acquired a new position in Workday in the fourth quarter valued at approximately $29,000. Finally, JPL Wealth Management LLC acquired a new position in Workday in the third quarter valued at $30,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Key Headlines Impacting Workday

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.