Workday (WDAY) Stock Forecast & Price Target

$256.39 -5.24 (-2.00%)

Closing price 02/21/2025 04:00 PM Eastern

Extended Trading

$255.53 -0.86 (-0.34%)

As of 02/21/2025 07:59 PM Eastern

Workday - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 30 Analyst Ratings

Sell
0

Hold
9

Buy
21

Based on 30 Wall Street analysts who have issued ratings for Workday in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 30 analysts, 9 have given a hold rating, 20 have given a buy rating, and 1 has given a strong buy rating for WDAY.

Consensus Price Target

$291.11
13.54% Upside

According to the 30 analysts' twelve-month price targets for Workday, the average price target is $291.11. The highest price target for WDAY is $340.00, while the lowest price target for WDAY is $190.00. The average price target represents a forecasted upside of 13.54% from the current price of $256.39.

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WDAY Analyst Ratings Over Time

Type	Current Forecast 2/23/24 to 2/22/25	1 Month Ago 1/24/24 to 1/23/25	3 Months Ago 11/25/23 to 11/24/24	1 Year Ago 2/23/23 to 2/23/24
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	20 Buy rating(s)	21 Buy rating(s)	21 Buy rating(s)	23 Buy rating(s)
Hold	9 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$291.11	$292.25	$289.46	$272.58
Forecasted Upside	13.54% Upside	14.47% Upside	8.11% Upside	-10.89% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

WDAY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

WDAY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Workday Stock vs. The Competition

Type	Workday	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.73	2.68	2.53
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	13.54% Upside	56.72% Upside	14.36% Upside
News Sentiment Rating	Positive News See Recent WDAY News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
2/19/2025	Loop Capital 2 of 5 stars	Yun Kim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$242.00 ➝ $260.00	+1.02%
2/19/2025	Redburn Atlantic 5 of 5 stars	O. Sheikh Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral
2/19/2025	Morgan Stanley 3 of 5 stars	Keith Weiss Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Equal Weight	$330.00 ➝ $275.00	+3.49%
2/14/2025	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Slowinski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
2/6/2025	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reni Benjamin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Market Outperform ➝ Market Outperform	$315.00 ➝ $315.00	+11.86%
2/6/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Kash Rangan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$300.00 ➝ $310.00	+12.25%
2/6/2025	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Scott Berg Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$300.00 ➝ $300.00	+8.63%
1/16/2025	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Steven Enders Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$287.00 ➝ $270.00	+7.45%
1/8/2025	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$265.00 ➝ $300.00	+20.15%
1/6/2025	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Difucci Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Neutral
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12/18/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$300.00 ➝ $320.00	+15.07%
12/13/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$280.00 ➝ $320.00	+16.44%
12/9/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$300.00 ➝ $330.00	+16.07%
12/3/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$300.00 ➝ $300.00	+19.52%
11/27/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$314.00 ➝ $305.00	+12.88%
11/27/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$310.00 ➝ $285.00	+5.48%
11/27/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Neutral	$285.00 ➝ $270.00	-0.07%
11/18/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Verkhovski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sector Outperform	$340.00	+31.09%
9/18/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$300.00 ➝ $300.00	+21.95%
9/13/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$300.00 ➝ $300.00	+19.62%
8/23/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$275.00 ➝ $305.00	+17.59%
8/23/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$255.00 ➝ $270.00	+16.84%
8/23/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$250.00 ➝ $270.00	+16.84%
8/20/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$300.00 ➝ $290.00	+24.66%
5/24/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$321.00 ➝ $301.00	+36.10%
5/24/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$300.00 ➝ $285.00	+25.58%
5/24/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$280.00 ➝ $255.00	+10.78%
5/24/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$330.00 ➝ $290.00	+11.15%
5/24/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$350.00 ➝ $330.00	+26.49%
5/24/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$316.00 ➝ $265.00	+1.57%
3/1/2023	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$212.00 ➝ $205.00	+10.94%
3/1/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral	$195.00	+5.53%
2/28/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$225.00 ➝ $230.00	+22.61%
2/22/2023	OTR Global Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Positive

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:21 AM ET.

Should I Buy Workday Stock? WDAY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, February 16, 2025. Please send any questions or comments about these Workday pros and cons to contact@marketbeat.com.

Workday
Bull Case

Here are some ways that investors could benefit from investing in Workday, Inc.:

Workday, Inc. recently reported earnings per share (EPS) of $1.89, exceeding the consensus estimate of $1.76, indicating strong financial performance and effective management.
The company achieved a revenue of $2.16 billion for the last quarter, surpassing expectations and reflecting a 15.8% year-over-year growth, which suggests robust demand for its enterprise cloud applications.
With a current stock price of $258.05, Workday, Inc. is positioned within a 12-month high of $311.28, indicating potential for price appreciation as market conditions improve.
Analysts have a consensus rating of "Moderate Buy" for Workday, Inc., with an average price target of $292.43, suggesting that many experts believe the stock is undervalued and has room for growth.
The company maintains a healthy financial position with a current ratio of 2.05, indicating that it has more than enough assets to cover its liabilities, which is a positive sign for investors regarding liquidity.

Workday
Bear Case

Investors should be bearish about investing in Workday, Inc. for these reasons:

Insider selling has been significant, with insiders selling 438,819 shares valued at $113,142,592 over the last ninety days, which may signal a lack of confidence in the company's short-term prospects.
The stock has a high price-to-earnings (P/E) ratio of 42.79, which may indicate that it is overvalued compared to its earnings, potentially leading to a price correction.
Despite recent growth, the company has a beta of 1.35, suggesting that its stock is more volatile than the market, which could pose risks for investors seeking stability.
Workday, Inc. has a price-to-earnings-growth (PEG) ratio of 3.78, indicating that the stock may be expensive relative to its expected growth rate, which could deter value-focused investors.
Recent downgrades from analysts, such as StockNews.com lowering its rating from "buy" to "hold," may reflect concerns about the company's future performance and could influence investor sentiment negatively.

WDAY Forecast - Frequently Asked Questions

: According to the research reports of 30 Wall Street equities research analysts, the average twelve-month stock price forecast for Workday is $291.11, with a high forecast of $340.00 and a low forecast of $190.00.
: 30 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Workday in the last twelve months. There are currently 9 hold ratings, 20 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" WDAY shares.
: According to analysts, Workday's stock has a predicted upside of 13.54% based on their 12-month stock forecasts.
: Over the previous 90 days, Workday's stock had 3 upgrades and 1 downgrade by analysts.
: Workday has been rated by research analysts at Bank of America, Barclays, BNP Paribas, Citigroup, Deutsche Bank Aktiengesellschaft, Guggenheim, JMP Securities, Loop Capital, Mizuho, Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Redburn Atlantic, Royal Bank of Canada, The Goldman Sachs Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Workday more than other "computer and technology" companies. The consensus rating score for Workday is 2.73 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how WDAY compares to other companies.

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This page (NASDAQ:WDAY) was last updated on 2/22/2025 by MarketBeat.com Staff

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Workday (WDAY) Stock Forecast & Price Target