Workday (NASDAQ:WDAY) Price Target Raised to $175.00

Workday (NASDAQ:WDAY) had its price target raised by Stifel Nicolaus from $160.00 to $175.00 in a report issued on Thursday,Benzinga reports. They currently have a hold rating on the software maker’s stock.

A number of other research firms have also commented on WDAY. Piper Sandler raised their price target on Workday from $145.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, August 28th. Mizuho set a $210.00 price objective on Workday in a report on Wednesday. UBS Group set a $175.00 price objective on Workday in a research report on Thursday. Weiss Ratings raised Workday from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 18th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Workday in a research note on Wednesday, September 30th. Nineteen analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $205.03.

Workday Price Performance

WDAY opened at $190.81 on Thursday. The stock has a market cap of $45.99 billion, a P/E ratio of 38.70, a P/E/G ratio of 1.91 and a beta of 1.07. Workday has a 12 month low of $110.36 and a 12 month high of $247.40. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The company has a fifty day simple moving average of $191.78 and a 200 day simple moving average of $153.66.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.61 by $0.14. Workday had a return on equity of 20.95% and a net margin of 12.32%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period in the previous year, the company posted $2.21 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, research analysts expect that Workday will post 5.33 EPS for the current year.

Insiders Place Their Bets

In other Workday news, major shareholder David Duffield sold 100,780 shares of the stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $185.64, for a total transaction of $18,708,799.20. Following the completion of the transaction, the insider owned 105,049 shares in the company, valued at approximately $19,501,296.36. This represents a 48.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 988,104 shares of company stock valued at $188,811,574. 18.64% of the stock is currently owned by corporate insiders.

Institutional Trading of Workday

Institutional investors have recently modified their holdings of the company. Onyx Bridge Wealth Group LLC acquired a new stake in shares of Workday in the third quarter valued at approximately $793,000. Frank Rimerman Advisors LLC lifted its position in shares of Workday by 6.2% in the third quarter. Frank Rimerman Advisors LLC now owns 4,719 shares of the software maker’s stock worth $899,000 after purchasing an additional 277 shares in the last quarter. Gemmer Asset Management LLC acquired a new position in Workday during the third quarter worth $249,000. Kintegral Advisory LLC boosted its holdings in Workday by 0.6% during the third quarter. Kintegral Advisory LLC now owns 10,893 shares of the software maker’s stock worth $2,075,000 after purchasing an additional 61 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its holdings in Workday by 842.9% during the third quarter. TD Waterhouse Canada Inc. now owns 40,941 shares of the software maker’s stock worth $7,652,000 after purchasing an additional 36,599 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Key Stories Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday’s agentic-AI strategy remains a potential long-term growth driver. BTIG said the company’s investor-day presentation showed progress with Sana, Decision Intelligence and other AI products that could support customer adoption and future monetization. BTIG Workday AI analysis
• Positive Sentiment: Workday’s agreement to acquire C1.ai could strengthen identity, security and governance capabilities for employees and AI agents, although financial terms and the earnings impact were not disclosed. Workday C1.ai acquisition coverage
• Neutral Sentiment: BTIG maintained a Hold rating, saying AI monetization is still at an early stage and the stock’s valuation appears broadly fair. BTIG Hold rating
• Negative Sentiment: Stifel raised its price target to $175 but kept a Hold rating, leaving the target below the recent trading level and reinforcing valuation concerns. Stifel price target update
• Negative Sentiment: Multiple cautious analyst notes are offsetting the bullish AI narrative. Investors are questioning whether slowing growth and tighter HR spending will delay returns on Workday’s AI investments, while insider sales—including a Rule 10b5-1 sale of 918 shares by Chief Accounting Officer Mark Garfield—add modestly negative sentiment. Workday insider sale

About Workday

Workday, Inc develops cloud-based enterprise software for managing an organization’s people, finances and operations. Its platform is primarily used by businesses, government agencies and educational institutions to support human resources, finance, planning, analytics and related administrative processes.

The company’s offerings include Workday Human Capital Management, Financial Management, Adaptive Planning, Spend Management, payroll, recruiting, talent management, learning and workforce analytics.