Workday (NASDAQ:WDAY) Price Target Cut to $180.00 by Analysts at Needham & Company LLC

Posted by Paula Ricardo on May 22nd, 2026

Workday (NASDAQ:WDAY – Get Free Report) had its price target dropped by equities research analysts at Needham & Company LLC from $300.00 to $180.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. Needham & Company LLC’s price objective would suggest a potential upside of 47.72% from the stock’s current price.

Other analysts also recently issued reports about the company. Royal Bank Of Canada decreased their price target on Workday from $220.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. KeyCorp reaffirmed an “overweight” rating on shares of Workday in a research report on Friday. UBS Group reaffirmed a “market perform” rating on shares of Workday in a research report on Friday. Barclays raised Workday from an “overweight” rating to a “buy” rating in a research report on Friday. Finally, Mizuho decreased their price target on Workday from $275.00 to $210.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Twenty investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $193.69.

View Our Latest Analysis on Workday

Workday Stock Down 3.8%

WDAY stock opened at $121.85 on Friday. Workday has a twelve month low of $110.36 and a twelve month high of $273.80. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average is $126.10 and its 200-day moving average is $169.57. The firm has a market capitalization of $31.32 billion, a PE ratio of 47.23, a P/E/G ratio of 1.23 and a beta of 1.04.

Workday (NASDAQ:WDAY – Get Free Report) last issued its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.17. The company had revenue of $2.54 billion during 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%.Workday’s revenue was up 13.5% on a year-over-year basis. During the same period last year, the business posted $2.23 earnings per share. Sell-side analysts expect that Workday will post 5.11 EPS for the current fiscal year.

Insider Activity at Workday

In related news, CAO Mark S. Garfield sold 1,585 shares of Workday stock in a transaction on Friday, April 10th. The stock was sold at an average price of $113.05, for a total transaction of $179,184.25. Following the completion of the sale, the chief accounting officer owned 31,467 shares of the company’s stock, valued at approximately $3,557,344.35. This trade represents a 4.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $128.22, for a total value of $769,320.00. Following the sale, the chief financial officer directly owned 217,930 shares of the company’s stock, valued at approximately $27,942,984.60. This trade represents a 2.68% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 989,814 shares of company stock valued at $131,576,291 in the last ninety days. 18.64% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Workday

Several hedge funds have recently added to or reduced their stakes in WDAY. Rakuten Securities Inc. bought a new stake in Workday during the second quarter worth about $25,000. Measured Wealth Private Client Group LLC bought a new stake in Workday during the third quarter worth about $26,000. DT Investment Partners LLC bought a new stake in Workday during the fourth quarter worth about $27,000. LRI Investments LLC bought a new stake in Workday during the fourth quarter worth about $29,000. Finally, JPL Wealth Management LLC bought a new stake in Workday during the third quarter worth about $30,000. Institutional investors own 89.81% of the company’s stock.

Trending Headlines about Workday

Here are the key news stories impacting Workday this week:

Positive Sentiment: Workday delivered a clear Q1 beat on earnings and revenue, which is helping drive the stock higher. Workday shares jump as AI demand eases investor concerns
Positive Sentiment: The company highlighted strong AI momentum, including new agentic AI offerings such as Sana for ITSM and a travel agent, suggesting a path to better monetization and customer adoption. Workday Announces Sana for IT Service Management and New Travel Agent
Positive Sentiment: Management also raised its margin outlook, and analysts such as William Blair reiterated bullish views, reinforcing confidence that the business can expand profits while growing. Workday: Buy Rating Reaffirmed on Strong Q1 Beat, Rapid AI Monetization, Margin Upgrade and Attractive Valuation
Neutral Sentiment: Aneel Bhusri returned as CEO during the quarter, a leadership change that may help execution, but investors will still want to see sustained progress in coming quarters.
Negative Sentiment: Some pre-earnings commentary had flagged execution risk, slower growth trends, and concerns about AI rivals, so the rally may depend on Workday proving this quarter is the start of a stronger trend rather than a one-time beat. Workday execution risk flagged by Jefferies ahead of quarterly earnings

Workday Company Profile

(Get Free Report)

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.