Workday (WDAY) Stock Forecast & Price Target

$250.72 +1.08 (+0.43%)

As of 01/21/2025 04:00 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 28 Analyst Ratings

Sell
0

Hold
7

Buy
21

Based on 28 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 28 analysts, 7 have given a hold rating, and 21 have given a buy rating for WDAY.

Consensus Price Target

$292.25
16.56% Upside

According to the 28 analysts' twelve-month price targets for Workday, the average price target is $292.25. 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 16.56% from the current price of $250.72.

Get the Latest News and Ratings for WDAY and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Workday and its competitors.

WDAY Analyst Ratings Over Time

Type	Current Forecast 1/23/24 to 1/22/25	1 Month Ago 12/24/23 to 12/23/24	3 Months Ago 10/25/23 to 10/24/24	1 Year Ago 1/23/23 to 1/23/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	21 Buy rating(s)	20 Buy rating(s)	20 Buy rating(s)	23 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$292.25	$291.36	$287.04	$264.74
Forecasted Upside	16.56% Upside	9.78% Upside	21.20% Upside	-9.12% 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	2.75	2.68	2.52
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	16.56% Upside	250.22% Upside	11.17% 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
1/16/2025	Citigroup 3 of 5 stars	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 3 of 5 stars		Upgrade	Hold ➝ Buy	$265.00 ➝ $300.00	+20.15%
1/6/2025	Guggenheim 2 of 5 stars	J. Difucci Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Neutral
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	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$315.00 ➝ $330.00	+22.14%
11/27/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$270.00 ➝ $242.00	-10.43%
11/27/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$314.00 ➝ $305.00	+12.88%
Get the Latest News and Ratings for WDAY and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Workday and its competitors with MarketBeat's FREE daily newsletter.
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%
11/25/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$300.00 ➝ $300.00	+12.04%
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%
9/19/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Outperform ➝ Market Outperform	$315.00 ➝ $315.00	+25.58%
9/19/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$300.00 ➝ $305.00	+22.75%
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%
5/24/2023	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	Neutral ➝ Outperform	$235.00	+21.84%
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 Wednesday at 04:58 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, January 12, 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. reported earnings per share (EPS) of $1.89 for the latest quarter, exceeding analysts' expectations of $1.76, indicating strong financial performance and effective management.
The company's revenue for the quarter was $2.16 billion, surpassing the consensus estimate of $2.13 billion, which reflects robust demand for its enterprise cloud applications.
Workday, Inc. has shown a year-over-year revenue growth of 15.8%, suggesting a positive trend in its business operations and market position.
As of now, the stock price is approximately $291.36, with a consensus rating of "Moderate Buy" from analysts, indicating favorable market sentiment towards the stock.
Institutional investors own 89.81% of Workday, Inc.'s stock, which often signifies confidence in the company's long-term prospects and stability.

Workday
Bear Case

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

Despite the positive earnings report, the company's return on equity is only 6.13%, which may indicate less efficiency in generating profits from shareholders' equity compared to industry peers.
Some analysts have downgraded their price targets for Workday, Inc., with Citigroup lowering its target from $274.00 to $270.00, which could reflect concerns about future growth potential.
Workday, Inc. has a relatively high dependency on institutional investors, which can lead to volatility if these investors decide to sell their shares en masse.
While the company has a strong market presence, competition in the enterprise cloud application space is intense, which could impact future growth and profitability.
The stock has received mixed ratings from analysts, with eight holding a "hold" rating, suggesting that not all market experts are confident in its immediate growth prospects.

WDAY Forecast - Frequently Asked Questions

: According to the research reports of 28 Wall Street equities research analysts, the average twelve-month stock price forecast for Workday is $292.25, with a high forecast of $340.00 and a low forecast of $190.00.
: 28 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Workday in the last year. There are currently 7 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" WDAY shares.
: According to analysts, Workday's stock has a predicted upside of 16.56% based on their 12-month stock forecasts.
: Over the previous 90 days, Workday's stock had 2 upgrades by analysts.
: Workday has been rated by research analysts at Bank of America, Barclays, Citigroup, Deutsche Bank Aktiengesellschaft, Guggenheim, Loop Capital, Mizuho, Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Royal Bank of Canada, Scotiabank, 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 2.75 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how WDAY compares to other companies.

Stock Forecasts and Research Tools

Related Companies

Today's Ratings

Top Rated Stocks

More Ratings Tools

This page (NASDAQ:WDAY) was last updated on 1/22/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Workday (WDAY) Stock Forecast & Price Target