Workday (NASDAQ:WDAY) Stock Gets Price Target Cut from UBS Group

Posted by Brenda Bartman on Oct 17th, 2026

Workday (NASDAQ:WDAY – Free Report) had its price target trimmed by UBS Group from $220.00 to $210.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the software maker’s stock.

WDAY has been the subject of a number of other reports. Morgan Stanley upped their price objective on shares of Workday from $145.00 to $180.00 and gave the stock an “underweight” rating in a research report on Friday, August 28th. Oppenheimer restated an “outperform” rating on shares of Workday in a research report on Wednesday. Citigroup restated a “neutral” rating on shares of Workday in a report on Tuesday, October 6th. Mizuho set a $210.00 price target on Workday in a report on Wednesday. Finally, Sanford C. Bernstein increased their price objective on shares of Workday from $216.00 to $238.00 and gave the stock an “outperform” rating in a research report on Friday, August 28th. Nineteen research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $205.03.

Check Out Our Latest Stock Analysis on Workday

Workday Stock Performance

NASDAQ WDAY opened at $190.81 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $45.99 billion, a price-to-earnings ratio of 32.13, a P/E/G ratio of 1.97 and a beta of 1.07. The firm’s 50 day simple moving average is $191.78 and its 200 day simple moving average is $153.66. Workday has a 1 year low of $110.36 and a 1 year high of $247.40.

Workday (NASDAQ:WDAY – Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $0.14. Workday had a net margin of 12.32% and a return on equity of 20.95%. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same period last year, the firm posted $2.21 earnings per share. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, research analysts expect that Workday will post 5.33 earnings per share for the current fiscal year.

Insider Transactions at Workday

In related news, CAO Mark S. Garfield sold 918 shares of the business’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $189.45, for a total transaction of $173,915.10. Following the transaction, the chief accounting officer directly owned 69,309 shares in the company, valued at approximately $13,130,590.05. The trade was a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gerrit S. Kazmaier sold 2,729 shares of the business’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $187.28, for a total transaction of $511,087.12. Following the transaction, the insider owned 251,314 shares in the company, valued at approximately $47,066,085.92. This trade represents a 1.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 988,104 shares of company stock worth $188,811,574. 18.64% of the stock is owned by insiders.

Hedge Funds Weigh In On Workday

Several hedge funds have recently modified their holdings of the company. Lakehouse Capital Pty Ltd grew its stake in Workday by 77.9% in the 3rd quarter. Lakehouse Capital Pty Ltd now owns 43,773 shares of the software maker’s stock valued at $8,337,000 after purchasing an additional 19,174 shares during the period. Plato Investment Management Ltd purchased a new stake in shares of Workday during the 2nd quarter valued at $1,115,000. S&CO Inc. bought a new stake in shares of Workday during the 2nd quarter worth $2,284,000. Sapient Capital LLC bought a new stake in shares of Workday during the 2nd quarter worth $13,045,000. Finally, Fluent Financial LLC bought a new stake in shares of Workday during the 2nd quarter worth $2,249,000. Institutional investors own 89.81% of the company’s stock.

Workday News Summary

Here are the key news stories impacting Workday this week:

Positive Sentiment: Workday’s agentic-AI strategy remains a potential long-term growth driver. BTIG said the company’s investor-day presentation showed progress with Sana, Decision Intelligence and other AI products that could support customer adoption and future monetization. BTIG Workday AI analysis
Positive Sentiment: Workday’s agreement to acquire C1.ai could strengthen identity, security and governance capabilities for employees and AI agents, although financial terms and the earnings impact were not disclosed. Workday C1.ai acquisition coverage
Neutral Sentiment: BTIG maintained a Hold rating, saying AI monetization is still at an early stage and the stock’s valuation appears broadly fair. BTIG Hold rating
Negative Sentiment: Stifel raised its price target to $175 but kept a Hold rating, leaving the target below the recent trading level and reinforcing valuation concerns. Stifel price target update
Negative Sentiment: Multiple cautious analyst notes are offsetting the bullish AI narrative. Investors are questioning whether slowing growth and tighter HR spending will delay returns on Workday’s AI investments, while insider sales—including a Rule 10b5-1 sale of 918 shares by Chief Accounting Officer Mark Garfield—add modestly negative sentiment. Workday insider sale

Workday Company Profile

(Get Free Report)

Workday, Inc develops cloud-based enterprise software for managing an organization’s people, finances and operations. Its platform is primarily used by businesses, government agencies and educational institutions to support human resources, finance, planning, analytics and related administrative processes.

The company’s offerings include Workday Human Capital Management, Financial Management, Adaptive Planning, Spend Management, payroll, recruiting, talent management, learning and workforce analytics.