Workday (NASDAQ:WDAY) Price Target Raised to $215.00 at Robert W. Baird

Posted by George Bondi on Aug 15th, 2026

Workday (NASDAQ:WDAY – Free Report) had its target price upped by Robert W. Baird from $190.00 to $215.00 in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the software maker’s stock.

Several other equities analysts have also recently commented on WDAY. Jefferies Financial Group raised their price target on shares of Workday from $140.00 to $205.00 and gave the company a “hold” rating in a research report on Friday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Workday in a research report on Friday, May 22nd. Wells Fargo & Company increased their price objective on Workday from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday. TD Cowen reiterated a “hold” rating on shares of Workday in a report on Friday, May 22nd. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $216.00 target price on shares of Workday in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $187.36.

View Our Latest Analysis on WDAY

Workday Stock Performance

NASDAQ WDAY opened at $198.68 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $49.07 billion, a P/E ratio of 62.09, a P/E/G ratio of 2.20 and a beta of 1.08. The stock has a 50-day moving average of $144.40 and a two-hundred day moving average of $139.30. Workday has a 1-year low of $110.36 and a 1-year high of $249.85.

Workday (NASDAQ:WDAY – Get Free Report) last issued its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.15. Workday had a net margin of 8.60% and a return on equity of 14.75%. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the company earned $2.23 earnings per share. The business’s quarterly revenue was up 13.5% on a year-over-year basis. As a group, analysts anticipate that Workday will post 5.38 EPS for the current year.

Insider Buying and Selling at Workday

In other Workday news, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $143.70, for a total value of $862,200.00. Following the sale, the chief financial officer directly owned 288,460 shares in the company, valued at $41,451,702. This trade represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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. Also, insider Robert Enslin sold 5,374 shares of Workday stock in a transaction dated Sunday, July 5th. The stock was sold at an average price of $134.90, for a total value of $724,952.60. Following the sale, the insider directly owned 239,469 shares of the company’s stock, valued at $32,304,368.10. This trade represents a 2.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. In the last quarter, insiders sold 875,020 shares of company stock worth $113,938,503. 18.64% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Workday

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rakuten Securities Inc. acquired a new stake in Workday during the second quarter worth approximately $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Workday during the 3rd quarter worth approximately $26,000. DT Investment Partners LLC acquired a new position in shares of Workday in the 4th quarter valued at $27,000. LRI Investments LLC purchased a new position in shares of Workday in the 4th quarter valued at $29,000. Finally, JPL Wealth Management LLC acquired a new stake in Workday during the 3rd quarter worth $30,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Key Stories Impacting Workday

Here are the key news stories impacting Workday this week:

Positive Sentiment: Private-equity firm Silver Lake is reportedly in discussions to acquire Workday in a potential transaction valued at roughly $43 billion. Analysts said a deal could provide a significant premium, with one estimate placing Workday’s takeover value at $240–$250 per share. However, the discussions remain preliminary, and there is no assurance that an agreement will be reached. Silver Lake in talks to buy Workday, sources say
Positive Sentiment: Analysts and investors said a potential Workday buyout could restore confidence in beaten-down software valuations and encourage broader software mergers and acquisitions. The transaction may signal that private-equity firms still see durable value in enterprise software despite concerns about artificial-intelligence disruption. Workday buyout may restore confidence in battered software valuations
Positive Sentiment: Workday recently reported quarterly revenue of $2.54 billion, up 13.5% year over year, while earnings exceeded analyst expectations. The company also maintained fiscal 2027 subscription-revenue guidance of $9.925 billion to $9.950 billion, supporting the view that the underlying business remains stable.
Neutral Sentiment: Analyst reactions are mixed: Baird raised its target to $215 and maintained an outperform rating, while BMO reiterated a Buy rating with a $182 target. Piper Sandler reaffirmed Neutral with a $145 target, highlighting substantial disagreement over Workday’s standalone valuation.
Negative Sentiment: With no definitive deal announcement or regulatory filing confirming terms, traders appear to be taking profits and reducing expectations that a transaction will close soon. Reported insider activity is also heavily weighted toward sales, including substantial selling by David Duffield, adding a cautionary signal.

Workday Company Profile

(Get Free Report)

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.