Oppenheimer Has Lowered Expectations for Workday (NASDAQ:WDAY) Stock Price

Posted by ABMN Staff on Feb 19th, 2026

Workday (NASDAQ:WDAY – Get Free Report) had its target price decreased by equities research analysts at Oppenheimer from $270.00 to $200.00 in a report issued on Tuesday, Marketbeat.com reports. The brokerage currently has an “outperform” rating on the software maker’s stock. Oppenheimer’s price objective suggests a potential upside of 40.22% from the company’s current price.

WDAY has been the topic of several other reports. Macquarie Infrastructure reissued a “buy” rating on shares of Workday in a research note on Wednesday, November 26th. DA Davidson cut their target price on Workday from $260.00 to $250.00 and set a “hold” rating on the stock in a research report on Wednesday, November 26th. Stifel Nicolaus set a $175.00 price target on Workday in a report on Monday, February 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price objective on shares of Workday in a research note on Thursday, February 5th. Finally, Wells Fargo & Company cut their price objective on shares of Workday from $300.00 to $290.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $255.90.

Get Our Latest Stock Analysis on WDAY

Workday Trading Down 0.3%

Shares of WDAY opened at $142.63 on Tuesday. The stock has a market capitalization of $37.51 billion, a PE ratio of 59.93, a P/E/G ratio of 1.22 and a beta of 1.13. The company’s fifty day moving average is $191.31 and its 200 day moving average is $216.11. 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 fifty-two week low of $139.38 and a fifty-two week high of $281.00.

Workday (NASDAQ:WDAY – Get Free Report) last released its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 EPS for the quarter, beating 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 business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the business earned $1.89 earnings per share. Workday’s quarterly revenue was up 12.6% compared to the same quarter last year. Sell-side analysts expect that Workday will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Gerrit S. Kazmaier sold 6,547 shares of Workday stock in a transaction that occurred on 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 completion of the sale, the insider owned 111,353 shares of the company’s stock, valued at approximately $24,360,695.81. The trade was a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder David A. Duffield sold 82,884 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $209.75, for a total value of $17,384,919.00. Following the completion of the sale, the insider owned 105,049 shares of the company’s stock, valued at $22,034,027.75. The trade was a 44.10% decrease in their position. 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. 19.31% of the stock is owned by insiders.

Institutional Investors Weigh In On Workday

A number of institutional investors and hedge funds have recently bought and sold shares of WDAY. AlphaQuest LLC raised its position in Workday by 636.7% during the 2nd quarter. AlphaQuest LLC now owns 1,886 shares of the software maker’s stock worth $453,000 after buying an additional 1,630 shares during the last quarter. PKO Investment Management Joint Stock Co purchased a new position in shares of Workday during the third quarter worth $1,805,000. Phoenix Financial Ltd. acquired a new position in Workday during the third quarter valued at $2,000,000. Rakuten Investment Management Inc. purchased a new stake in Workday in the third quarter valued at $124,718,000. Finally, Norges Bank acquired a new stake in Workday during the 2nd quarter worth about $442,702,000. 89.81% of the stock is owned by institutional investors.

Key Stories Impacting Workday

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.