JPMorgan Chase & Co. Issues Pessimistic Forecast for Workday (NASDAQ:WDAY) Stock Price

Workday (NASDAQ:WDAY) had its price target reduced by analysts at JPMorgan Chase & Co. from $270.00 to $230.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the software maker’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 78.20% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. Zacks Research cut Workday from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Wall Street Zen upgraded Workday from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 14th. Raymond James Financial restated a “market perform” rating on shares of Workday in a report on Monday, February 9th. TD Cowen reduced their target price on Workday from $280.00 to $200.00 and set a “buy” rating for the company in a report on Friday. Finally, BMO Capital Markets decreased their price target on shares of Workday from $285.00 to $204.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $240.25.

Workday Stock Performance

WDAY traded down $0.15 during trading hours on Tuesday, hitting $129.07. The company’s stock had a trading volume of 5,706,354 shares, compared to its average volume of 4,376,602. The firm has a market capitalization of $33.94 billion, a PE ratio of 54.37, a PEG ratio of 1.18 and a beta of 1.13. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.34. Workday has a fifty-two week low of $125.83 and a fifty-two week high of $281.00. The company has a 50-day simple moving average of $186.18 and a 200 day simple moving average of $214.16.

Workday (NASDAQ:WDAY) last posted 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 business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the company posted $1.89 earnings per share. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts expect that Workday will post 2.63 EPS for the current year.

Insider Activity at Workday

In other news, major shareholder David A. Duffield sold 82,884 shares of the stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $209.75, for a total transaction of $17,384,919.00. Following the sale, the insider directly owned 105,049 shares of the company’s stock, valued at $22,034,027.75. This represents a 44.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Gerrit S. Kazmaier sold 6,547 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $218.77, for a total transaction of $1,432,287.19. Following the completion of the transaction, the insider owned 111,353 shares of the company’s stock, valued at $24,360,695.81. This trade represents a 5.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 370,321 shares of company stock valued at $78,866,401 in the last three months. 19.31% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Workday

Several large investors have recently made changes to their positions in WDAY. AlphaQuest LLC raised its holdings in Workday by 636.7% in the second quarter. AlphaQuest LLC now owns 1,886 shares of the software maker’s stock worth $453,000 after purchasing an additional 1,630 shares during the period. PKO Investment Management Joint Stock Co acquired a new position in shares of Workday during the third quarter worth about $1,805,000. Phoenix Financial Ltd. bought a new position in shares of Workday during the 3rd quarter worth approximately $2,000,000. Rakuten Investment Management Inc. bought a new position in Workday in the third quarter valued at $124,718,000. Finally, Norges Bank acquired a new stake in shares of Workday in the second quarter valued at about $442,702,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

More Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday reinstated its founder as CEO and signaled a stronger AI strategic focus, a move investors interpret as management reset to accelerate product direction and restore confidence ahead of results. Workday Brings Back Founder CEO As AI Focus Reshapes Investor Expectations
• Positive Sentiment: Market commentary highlights Workday as an oversold tech name with large analyst upside potential, supporting the buy-the-dip thesis for longer-term investors. Workday forecast
• Neutral Sentiment: Wall Street analysts have been updating forecasts ahead of the Q4 print; Benzinga summarizes recent estimate changes and positions — important context but mixed in direction until the earnings release. Workday Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts
• Neutral Sentiment: Market odds and preview pieces (Polymarket/TipRanks, MSN) highlight investor focus on the upcoming Q4 beat/miss outcome — short-term volatility likely around the report. Polymarket Odds: Will AMC, HD, WDAY Beat Earnings Tomorrow?
• Negative Sentiment: Jefferies downgraded Workday and cut its price target sharply, citing AI-related competitive risks in the apps space — this has been a notable near-term headwind and clipped sentiment. Jefferies downgrades Workday (WDAY)
• Negative Sentiment: Prominent TV commentator Jim Cramer said he’s not a buyer of WDAY, underscoring skepticism among some retail/influence channels as the stock has fallen sharply YTD and over the past year. I’m Not a Buyer of Workday (WDAY), Says Jim Cramer

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.