BMO Capital Markets Lowers Workday (NASDAQ:WDAY) Price Target to $204.00

Posted by ABMN Staff on Feb 19th, 2026

Workday (NASDAQ:WDAY – Get Free Report) had its price target reduced by equities research analysts at BMO Capital Markets from $285.00 to $204.00 in a research report issued on Tuesday, MarketBeat reports. The firm presently has an “outperform” rating on the software maker’s stock. BMO Capital Markets’ price objective points to a potential upside of 43.03% from the stock’s current price.

Several other brokerages also recently issued reports on WDAY. Piper Sandler cut their price target on Workday from $235.00 to $200.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Oppenheimer reaffirmed an “outperform” rating on shares of Workday in a research report on Monday, February 9th. Evercore set a $200.00 price target on shares of Workday in a report on Monday, February 9th. Wall Street Zen raised shares of Workday from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. Finally, Rosenblatt Securities began coverage on shares of Workday in a research note on Tuesday, December 2nd. They set a “neutral” rating and a $235.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and an average price target of $255.90.

View Our Latest Research Report on WDAY

Workday Trading Down 0.3%

NASDAQ WDAY opened at $142.63 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.83 and a current ratio of 1.83. Workday has a one year low of $139.38 and a one year high of $281.00. The company has a 50-day simple moving average of $191.31 and a 200-day simple moving average of $216.11. The firm has a market capitalization of $37.51 billion, a PE ratio of 59.93, a price-to-earnings-growth ratio of 1.22 and a beta of 1.13.

Workday (NASDAQ:WDAY – Get Free Report) last released its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.15. Workday had a net margin of 6.95% and a return on equity of 10.50%. The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the prior year, the business earned $1.89 earnings per share. Workday’s quarterly revenue was up 12.6% on a year-over-year basis. On average, equities analysts forecast that Workday will post 2.63 earnings per share for the current year.

Insider Transactions at Workday

In other Workday news, insider Gerrit S. Kazmaier sold 6,547 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $218.77, for a total transaction of $1,432,287.19. Following the transaction, the insider owned 111,353 shares of the company’s stock, valued at approximately $24,360,695.81. This trade represents a 5.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Enslin sold 22,185 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $210.17, for a total transaction of $4,662,621.45. Following the completion of the sale, the insider directly owned 106,330 shares of the company’s stock, valued at approximately $22,347,376.10. This represents a 17.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 370,321 shares of company stock worth $78,866,401 over the last ninety days. Insiders own 19.31% of the company’s stock.

Hedge Funds Weigh In On Workday

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Workday by 14.7% in the fourth quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker’s stock valued at $5,371,495,000 after buying an additional 3,210,232 shares during the period. State Street Corp raised its position in Workday by 1.0% in the fourth quarter. State Street Corp now owns 9,770,707 shares of the software maker’s stock worth $2,098,552,000 after acquiring an additional 96,139 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position 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 worth $1,406,463,000 after acquiring an additional 1,882,391 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Workday by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 5,091,926 shares of the software maker’s stock valued at $1,089,970,000 after acquiring an additional 75,922 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Workday by 101.4% during the 4th quarter. Janus Henderson Group PLC now owns 5,017,905 shares of the software maker’s stock valued at $1,077,537,000 after purchasing an additional 2,525,821 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Key Workday News

Here are the key news stories impacting Workday this week:

Positive Sentiment: Guggenheim reaffirmed a “buy” rating and kept a high $285 price target, signaling continued confidence in long‑term upside. Guggenheim reaffirmed buy on WDAY
Positive Sentiment: Rosenblatt upgraded WDAY to a “buy” (from hold) with a $180 target, providing a nearer‑term constructive view on the name. Rosenblatt upgrades Workday (WDAY)
Positive Sentiment: Coverage highlighting the return of a founder/CEO and renewed AI emphasis has supported the narrative that shares may be undervalued if Workday can monetize AI across its HCM/finance products. Workday CEO Return And AI Push Raise Questions On Undervalued Shares
Neutral Sentiment: Partner news: Interact announced new AI‑native features and a Workday integration — a product tie that can help adoption but is not a material earnings catalyst on its own. Interact expands platform with Workday integration
Neutral Sentiment: Reminder: Workday is scheduled to report earnings next week, which can amplify moves as analysts and investors update forecasts. Workday (WDAY) to Release Earnings on Tuesday
Negative Sentiment: Citizens JMP downgraded WDAY from “outperform” to “market perform,” reducing near‑term analyst enthusiasm. Citizens downgrades Workday (WDAY)
Negative Sentiment: BMO cut its price target sharply (from $285 to $204), signaling reduced conviction on upside versus prior estimates. Workday price target lowered by BMO
Negative Sentiment: Oppenheimer trimmed its target from $270 to $200 (still an outperform rating), a further sign that some analysts are tempering growth/valuation assumptions. Workday price target lowered by Oppenheimer
Negative Sentiment: Zacks flagged that Workday may not have the ideal setup to deliver an earnings beat in the upcoming report, which could add downside risk around the print. Workday (WDAY) Earnings Expected to Grow: Should You Buy?

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.