Citigroup Lowers Workday (NASDAQ:WDAY) Price Target to $148.00

Workday (NASDAQ:WDAY) had its target price reduced by investment analysts at Citigroup from $247.00 to $148.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the software maker’s stock. Citigroup’s target price points to a potential upside of 10.65% from the stock’s previous close.

Several other research analysts also recently issued reports on WDAY. Stifel Nicolaus set a $175.00 price objective on shares of Workday in a report on Monday, February 9th. DA Davidson decreased their target price on Workday from $250.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday. BMO Capital Markets lowered their price target on Workday from $204.00 to $182.00 and set an “outperform” rating on the stock in a research note on Wednesday. Zacks Research cut Workday from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Finally, Citizens Jmp downgraded Workday from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $205.19.

Workday Stock Down 3.8%

WDAY opened at $133.76 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.83 and a current ratio of 1.32. Workday has a twelve month low of $117.76 and a twelve month high of $276.00. The business has a 50 day moving average price of $179.53 and a 200 day moving average price of $211.88. The firm has a market cap of $35.18 billion, a P/E ratio of 51.85, a price-to-earnings-growth ratio of 1.28 and a beta of 1.13.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.92 earnings per share. Research analysts forecast that Workday will post 2.63 EPS for the current year.

Insider Activity at Workday

In related news, insider Richard Harry Sauer sold 1,130 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $210.00, for a total transaction of $237,300.00. Following the completion of the sale, the insider directly owned 85,398 shares of the company’s stock, valued at $17,933,580. This trade represents a 1.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $208.75, for a total value of $1,252,500.00. Following the completion of the transaction, the chief financial officer directly owned 159,158 shares in the company, valued at approximately $33,224,232.50. This represents a 3.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 370,321 shares of company stock valued at $78,866,401. Insiders own 19.31% of the company’s stock.

Institutional Trading of Workday

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rakuten Securities Inc. bought a new position in shares of Workday in the second quarter valued at about $25,000. Measured Wealth Private Client Group LLC bought a new stake in Workday during the 3rd quarter worth about $26,000. DT Investment Partners LLC bought a new position in shares of Workday in the fourth quarter worth about $27,000. LRI Investments LLC bought a new position in shares of Workday in the fourth quarter worth about $29,000. Finally, JPL Wealth Management LLC acquired a new position in shares of Workday during the third quarter worth approximately $30,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday News Summary

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

About Workday

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.