Workday, Inc. (NASDAQ:WDAY) Stock Has Consensus Target Price of $205.03

Posted by Francis Steltz on Oct 21st, 2026

Workday, Inc. (NASDAQ:WDAY – Get Free Report) has received an average recommendation of “Hold” from the forty brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, nineteen have given a hold recommendation and nineteen have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $205.03.

A number of analysts recently weighed in on WDAY shares. KeyCorp lowered shares of Workday from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 15th. Lake Street Capital set a $205.00 price objective on Workday in a research report on Friday, August 14th. BMO Capital Markets restated an “outperform” rating on shares of Workday in a research note on Thursday, October 15th. BTIG Research restated a “neutral” rating on shares of Workday in a research note on Friday. Finally, Citigroup reissued a “neutral” rating on shares of Workday in a report on Tuesday, October 6th.

Get Our Latest Analysis on Workday

Insider Activity

In related news, major shareholder David Duffield sold 100,780 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $185.64, for a total transaction of $18,708,799.20. Following the sale, the insider directly owned 105,049 shares of the company’s stock, valued at approximately $19,501,296.36. This represents a 48.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 988,104 shares of company stock valued at $188,811,574. Insiders own 18.64% of the company’s stock.

Hedge Funds Weigh In On Workday

Large investors have recently bought and sold shares of the business. Pictet Asset Management Holding SA lifted its position in shares of Workday by 8.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,803,568 shares of the software maker’s stock valued at $364,217,000 after buying an additional 223,493 shares in the last quarter. Tidal Investments LLC boosted its stake in Workday by 43.6% during the second quarter. Tidal Investments LLC now owns 1,439,456 shares of the software maker’s stock worth $176,218,000 after buying an additional 437,175 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Workday by 9.6% in the first quarter. First Trust Advisors LP now owns 1,416,176 shares of the software maker’s stock valued at $183,990,000 after purchasing an additional 124,524 shares during the period. Pacer Advisors Inc. grew its stake in shares of Workday by 60.4% in the 1st quarter. Pacer Advisors Inc. now owns 1,227,051 shares of the software maker’s stock valued at $159,418,000 after buying an additional 462,002 shares during the period. Finally, Temasek Holdings Private Ltd raised its position in Workday by 9.5% in the first quarter. Temasek Holdings Private Ltd now owns 889,318 shares of the software maker’s stock valued at $115,540,000 after purchasing an additional 77,330 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Stock Up 4.5%

Shares of NASDAQ WDAY opened at $203.98 on Wednesday. Workday has a 52-week low of $110.36 and a 52-week high of $247.40. The firm has a market capitalization of $49.16 billion, a price-to-earnings ratio of 41.38, a PEG ratio of 1.96 and a beta of 1.07. The stock has a 50 day moving average price of $192.45 and a 200 day moving average price of $154.82. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91.

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

Workday News Roundup

Here are the key news stories impacting Workday this week:

Positive Sentiment: Investor enthusiasm centered on Workday’s AI push, including its partnership with Anthropic to connect Claude with Workday Sana and its HR and finance business-rule framework. The company also introduced infrastructure for building and governing AI agents and plans to acquire C1.ai, an identity platform intended to secure access for employees and AI agents. Management reiterated long-term targets of approximately 11% subscription growth and a non-GAAP operating margin above 33%. Workday rises on AI product push, Anthropic partnership, and C1.ai deal
Positive Sentiment: Workday was named a Leader in Gartner’s 2026 Magic Quadrant for Cloud ERP Finance. The recognition may strengthen the company’s credibility with enterprise customers and support its positioning in cloud finance software. Workday Named a Leader in 2026 Gartner Magic Quadrant for Cloud ERP Finance
Positive Sentiment: A valuation analysis from GuruFocus described WDAY as undervalued based on its GF Value, suggesting potential upside despite the recent advance. Is It Too Late to Buy Workday After Rally?
Neutral Sentiment: KeyCorp maintained a “Sector Weight” rating while publishing 2028 quarterly EPS estimates ranging from $1.71 to $2.27. The estimates indicate expected earnings growth but do not represent a bullish rating change.
Negative Sentiment: KeyBanc downgraded Workday to “Sector Weight,” adding pressure to the investment case. Separately, 10 analyst price targets carried a median of $154.50, well below the current trading level, implying valuation concerns. Workday Shares Fall on KeyBanc Downgrade
Negative Sentiment: Insider activity was heavily skewed toward selling: company insiders made 149 sales and no purchases over the past six months. Institutional positioning was mixed, with 476 investors adding shares and 481 reducing positions.

Workday Company Profile

(Get Free Report)

Workday, Inc is an enterprise software company that provides cloud-based applications for managing human resources, finance and business operations. Its platform is designed to help organizations manage workforce information, accounting, financial reporting, procurement, expenses and other core business processes through a unified software environment.

The company’s products include human capital management, financial management, financial planning, spend management, payroll, recruiting, talent management, workforce planning, analytics and reporting solutions.