Wall Street Zen Upgrades Workday (NASDAQ:WDAY) to Buy

Workday (NASDAQ:WDAY) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts also recently commented on WDAY. Piper Sandler reduced their target price on shares of Workday from $200.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Sanford C. Bernstein lowered their price target on shares of Workday from $298.00 to $214.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Morgan Stanley cut their price objective on shares of Workday from $280.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Monday, February 23rd. Weiss Ratings lowered shares of Workday from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 20th. Finally, Citigroup decreased their target price on shares of Workday from $247.00 to $148.00 and set a “neutral” rating for the company in a research report on Thursday, February 26th. Nineteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $199.71.

Workday Trading Down 3.0%

Shares of NASDAQ:WDAY opened at $124.18 on Friday. The company has a market capitalization of $31.91 billion, a PE ratio of 48.13, a P/E/G ratio of 1.24 and a beta of 1.16. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38. Workday has a 12-month low of $117.76 and a 12-month high of $276.00. The business’s fifty day simple moving average is $150.42 and its 200-day simple moving average is $199.28.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.15. Workday had a return on equity of 13.37% and a net margin of 7.26%.The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the business posted $1.92 EPS. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. As a group, equities research analysts predict that Workday will post 2.63 earnings per share for the current fiscal year.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 107,500 shares of Workday stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $132.67, for a total transaction of $14,262,025.00. Following the completion of the sale, the insider owned 105,049 shares of the company’s stock, valued at $13,936,850.83. The trade was a 50.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through 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 shares were sold at an average price of $210.17, for a total value of $4,662,621.45. Following the completion of the sale, the insider owned 106,330 shares in the company, valued at approximately $22,347,376.10. This represents a 17.26% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 765,036 shares of company stock valued at $113,952,492. 19.31% of the stock is owned by company insiders.

Institutional Trading of Workday

Several large investors have recently made changes to their positions in WDAY. Stance Capital LLC raised its holdings in shares of Workday by 3.7% during the fourth quarter. Stance Capital LLC now owns 6,238 shares of the software maker’s stock worth $1,340,000 after purchasing an additional 223 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in Workday by 12.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 178,827 shares of the software maker’s stock worth $38,408,000 after purchasing an additional 20,016 shares during the period. Meadowbrook Advisors Group LLC acquired a new stake in Workday during the 4th quarter worth about $320,000. Larry Mathis Financial Planning LLC purchased a new position in shares of Workday during the 4th quarter valued at about $216,000. Finally, Green Ridge Wealth Planning LLC purchased a new position in shares of Workday during the 4th quarter valued at about $237,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

More Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Analysts remain broadly bullish on Workday, citing strong AI momentum and placement on lists of undervalued cloud names; roughly 60% of analysts keep bullish ratings and the consensus price target (~$180) implies meaningful upside versus current levels. This underpins a constructive medium‑term thesis if AI adoption accelerates. Analysts Remain Confident in Workday (WDAY)’s Outlook Amid Strong AI Momentum
• Neutral Sentiment: Workday set its 2026 annual stockholder meeting for June 16 (virtual) — a routine corporate governance event that gives investors a forum for Q&A but is unlikely to move the stock by itself. Workday Announces Date of Annual Stockholder Meeting on June 16, 2026
• Neutral Sentiment: Street narrative is shifting: firms note increased AI investment but trim near‑term growth/margin forecasts, producing modest fair‑value resets (e.g., ~$184→$181 range). Investors are debating how much to value AI investments versus near‑term earnings trade‑offs. How The Workday (WDAY) Story Is Shifting Toward AI Investment And Slower Growth Expectations
• Negative Sentiment: At least one published price target was cut substantially (reported ~22.8% cut to $186.30), signaling analysts are lowering near‑term expectations and putting downward pressure on sentiment and multiple. Workday (WDAY) price target decreased by 22.83% to 186.30
• Negative Sentiment: Major shareholder David A. Duffield sold 107,500 shares (a reported ~50% reduction in his disclosed holdings), a large insider sale that can spook investors and suggest near‑term liquidity taking by insiders. SEC Form 4: Duffield sale
• Negative Sentiment: Coverage pieces highlight a prolonged share‑price slide (~40–48% over the past year in some pieces) and ongoing valuation reassessment; that backdrop increases sensitivity to any bearish data (cuts, insider sales, slower guidance). Is Workday (WDAY) Now Offering Value After A 48% One-Year Share Price Slide?

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.