Mizuho Cuts Workday (NASDAQ:WDAY) Price Target to $210.00

Workday (NASDAQ:WDAY) had its target price reduced by Mizuho from $275.00 to $210.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an outperform rating on the software maker’s stock.

Other research analysts have also issued research reports about the stock. Oppenheimer lowered their target price on shares of Workday from $200.00 to $165.00 and set an “outperform” rating for the company in a research note on Wednesday. Stifel Nicolaus set a $175.00 price objective on shares of Workday in a research report on Monday, February 9th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Workday from $265.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Royal Bank Of Canada decreased their price target on Workday from $220.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Citigroup dropped their price objective on Workday from $261.00 to $247.00 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.19.

Workday Price Performance

WDAY stock opened at $133.76 on Wednesday. The business has a fifty day moving average of $179.53 and a two-hundred day moving average of $211.88. 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 stock has a market cap of $35.18 billion, a price-to-earnings ratio of 51.85, a price-to-earnings-growth ratio of 1.28 and a beta of 1.13. Workday has a 52-week low of $117.76 and a 52-week high of $276.00.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results 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 business had revenue of $2.53 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.92 EPS. As a group, research analysts anticipate that Workday will post 2.63 earnings per share for the current year.

Insider Transactions at Workday

In other Workday news, CEO Carl M. Eschenbach sold 3,125 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $210.00, for a total value of $656,250.00. Following the transaction, the chief executive officer directly owned 17,097 shares in the company, valued at $3,590,370. This represents a 15.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gerrit S. Kazmaier sold 6,547 shares of the firm’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 transaction of $1,432,287.19. Following the sale, the insider directly owned 111,353 shares in the company, valued at approximately $24,360,695.81. The trade was a 5.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 370,321 shares of company stock valued at $78,866,401 over the last three months. 19.31% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Workday

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Workday by 14.7% during the fourth quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker’s stock worth $5,371,495,000 after purchasing an additional 3,210,232 shares in the last quarter. Janus Henderson Group PLC grew its stake in Workday by 101.4% during the 4th quarter. Janus Henderson Group PLC now owns 5,017,905 shares of the software maker’s stock worth $1,077,537,000 after buying an additional 2,525,821 shares during the last quarter. First Eagle Investment Management LLC acquired a new position in Workday during the third quarter worth approximately $556,252,000. Norges Bank purchased a new stake in Workday in the fourth quarter valued at approximately $448,804,000. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in Workday by 47.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker’s stock valued at $1,406,463,000 after buying an additional 1,882,391 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Key Stories 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

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.