Mizuho Has Lowered Expectations for Workday (NASDAQ:WDAY) Stock Price

Workday (NASDAQ:WDAY) had its price target lowered by investment analysts at Mizuho from $275.00 to $210.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the software maker’s stock. Mizuho’s target price suggests a potential upside of 58.21% from the stock’s previous close.

WDAY has been the topic of several other reports. Robert W. Baird set a $195.00 price objective on shares of Workday in a research report on Tuesday. Wells Fargo & Company lowered their price target on Workday from $255.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday. Evercore cut Workday from an “outperform” rating to an “inline” rating and set a $160.00 price target on the stock. in a research report on Wednesday. KeyCorp decreased their price objective on Workday from $260.00 to $155.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, UBS Group dropped their target price on Workday from $240.00 to $170.00 and set a “neutral” rating on the stock in a report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $209.53.

Workday Stock Performance

NASDAQ:WDAY traded up $2.51 during mid-day trading on Wednesday, reaching $132.74. 13,493,366 shares of the stock were exchanged, compared to its average volume of 4,744,329. The stock has a market capitalization of $34.91 billion, a P/E ratio of 55.57, a P/E/G ratio of 1.11 and a beta of 1.13. Workday has a 1 year low of $117.76 and a 1 year high of $281.00. The company has a 50 day simple moving average of $184.46 and a 200-day simple moving average of $213.51. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.34.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.15. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. Workday had a return on equity of 10.50% and a net margin of 6.95%.The company’s revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.92 earnings per share. Analysts anticipate that Workday will post 2.63 earnings per share for the current fiscal year.

Insider Activity at Workday

In related news, CEO Carl M. Eschenbach sold 3,125 shares of Workday stock in a transaction on Monday, January 5th. The stock was sold at an average price of $210.00, for a total transaction of $656,250.00. Following the completion of the transaction, the chief executive officer directly owned 17,097 shares of the company’s stock, valued at approximately $3,590,370. The trade was a 15.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $208.75, for a total value of $1,252,500.00. Following the completion of the sale, the chief financial officer directly owned 159,158 shares in the company, valued at $33,224,232.50. This trade represents a 3.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 370,321 shares of company stock valued at $78,866,401 in the last ninety days. Company insiders own 20.00% of the company’s stock.

Institutional Trading of Workday

Large investors have recently modified their holdings of the business. Rakuten Securities Inc. purchased a new stake in Workday in the 2nd quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Workday in the third quarter valued at $26,000. DT Investment Partners LLC purchased a new stake in shares of Workday in the fourth quarter valued at $27,000. LRI Investments LLC acquired a new stake in shares of Workday during the fourth quarter valued at $29,000. Finally, JPL Wealth Management LLC purchased a new stake in Workday during the 3rd quarter worth about $30,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday News Roundup

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Q4 beat — Workday reported stronger-than-expected fiscal Q4 results with EPS and revenue above consensus, driven by solid subscription growth and rising backlog, supporting the longer-term growth story. Workday Q4 Earnings Beat
• Positive Sentiment: Bull thesis & catalyst — Management is leaning into agentic AI as a growth catalyst and some firms (e.g., Needham) reaffirm Buy with high price targets, signaling conviction in longer-term upside despite near-term headwinds. Needham Buy Rating
• Neutral Sentiment: Macro / sector noise — The stock is trading amid broader software/AI-driven volatility; sector sentiment and macro uncertainty are amplifying reactions to guidance rather than fundamentals alone. Market Context
• Negative Sentiment: Guidance miss — Workday guided FY27 subscription revenue below Street estimates (slower new client wins amid corporate spending caution), which triggered an after-hours selloff and renewed investor concern about near-term growth. Reuters: Guidance Below Estimates
• Negative Sentiment: Margin pressure from AI investment — Analysts flagged that accelerated AI spending will compress near-term margins (and operating income guidance disappointed), which weighed on sentiment despite the quarter’s beat. MarketWatch: Cost of Competing in AI
• Negative Sentiment: Analyst cuts and downgrades — Multiple banks trimmed price targets or downgraded WDAY (Piper Sandler, BMO, BTIG, TD Cowen, Evercore, Mizuho, Rosenblatt, Wells Fargo, JPMorgan moves noted), increasing near-term selling pressure and raising uncertainty around consensus estimates. Benzinga: Analyst Activity

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.