Workday (WDAY) Stock Forecast & Price Target

$251.68 +1.78 (+0.71%)

As of 03:08 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 31 Analyst Ratings

Sell
0

Hold
9

Buy
22

Based on 31 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 31 analysts, 9 have given a hold rating, 20 have given a buy rating, and 2 have given a strong buy rating for WDAY.

Consensus Price Target

$300.36
19.34% Upside

According to the 31 analysts' twelve-month price targets for Workday, the average price target is $300.36. The highest price target for WDAY is $360.00, while the lowest price target for WDAY is $190.00. The average price target represents a forecasted upside of 19.34% from the current price of $251.69.

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WDAY Analyst Ratings Over Time

Type	Current Forecast 3/25/24 to 3/25/25	1 Month Ago 2/24/24 to 2/23/25	3 Months Ago 12/26/23 to 12/25/24	1 Year Ago 3/26/23 to 3/25/24
Strong Buy	2 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	20 Buy rating(s)	20 Buy rating(s)	20 Buy rating(s)	21 Buy rating(s)
Hold	9 Hold rating(s)	9 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$300.36	$291.11	$291.36	$293.61
Forecasted Upside	19.34% Upside	13.54% Upside	8.30% Upside	6.50% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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	2.77	2.69	2.54
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	20.19% Upside	629.16% Upside	16.92% Upside
News Sentiment Rating	Positive News See Recent WDAY News	Positive News	Positive News

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Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
3/24/2025	Needham & Company LLC 2 of 5 stars	Scott Berg Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$300.00 ➝ $300.00	+20.25%
3/17/2025	Scotiabank 5 of 5 stars	A. Verkhovski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Outperform ➝ Sector Outperform	$355.00 ➝ $305.00	+23.71%
3/4/2025	Daiwa America 0 of 5 stars	S. Tanaka Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
2/27/2025	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Daniel Jester Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$300.00 ➝ $314.00	+15.83%
2/26/2025	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Karl Keirstead Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$255.00 ➝ $285.00	+4.63%
2/26/2025	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	David Hynes Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$300.00 ➝ $330.00	+22.33%
2/26/2025	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	$310.00 ➝ $345.00	+27.89%
2/26/2025	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Rishi Jaluria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$320.00 ➝ $340.00	+25.38%
2/26/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Mark Murphy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$285.00 ➝ $310.00	+14.28%
2/26/2025	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Difucci Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral
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2/26/2025	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Brad Reback Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$270.00 ➝ $310.00	+12.91%
2/26/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Michael Turrin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$330.00 ➝ $360.00	+31.12%
2/26/2025	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jason Celino Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$305.00 ➝ $335.00	+31.26%
2/26/2025	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Brian Schwartz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$300.00 ➝ $320.00	+25.38%
2/26/2025	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Brent Bracelin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$270.00 ➝ $290.00	+13.63%
2/19/2025	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	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 Subscribe to MarketBeat All Access for the recommendation accuracy rating	O. Sheikh Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral
2/19/2025	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	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%
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%
12/13/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$280.00 ➝ $320.00	+16.44%
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%
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%
8/20/2024	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	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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 03:08 PM 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 Friday, March 21, 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.:

Analysts predict Workday, Inc. will post earnings per share of 2.63 for the current fiscal year, indicating strong profitability potential.
Recent upgrades from multiple brokerages, including a "strong-buy" rating from BNP Paribas, suggest positive market sentiment and confidence in the company's growth.
Workday, Inc. has a current stock price of $250.47, which is significantly below its 12-month high of $294.00, presenting a potential buying opportunity for investors looking for value.
Institutional investors own 89.81% of Workday, Inc.'s stock, indicating strong confidence from large financial entities in the company's future performance.
The company reported revenue of $2.21 billion for the last quarter, exceeding analysts' expectations, which reflects robust demand for its enterprise cloud applications.

Workday
Bear Case

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

Workday, Inc. reported earnings per share of $0.48 for the last quarter, missing analysts' consensus estimates of $1.75, which raises concerns about its short-term profitability.
The stock has a high price-to-earnings (P/E) ratio of 41.54, suggesting that it may be overvalued compared to its earnings, which could deter value-focused investors.
Despite strong revenue growth, the company has a return on equity of only 6.13%, indicating that it may not be efficiently generating profits from its equity base.
Recent selling by Blueshift Asset Management LLC, which lowered its position in Workday, Inc. by 63.8%, may signal a lack of confidence among some investors.
The stock has experienced volatility, with a beta of 1.38, indicating that it is more volatile than the market, which could pose risks for risk-averse investors.

WDAY Forecast - Frequently Asked Questions

: According to the research reports of 31 Wall Street equities research analysts, the average twelve-month stock price forecast for Workday is $300.36, with a high forecast of $360.00 and a low forecast of $190.00.
: 31 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Workday in the last year. There are currently 9 hold ratings, 20 buy ratings and 2 strong 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 19.34% based on their 12-month stock forecasts.
: Over the previous 90 days, Workday's stock had 4 upgrades and 1 downgrade by analysts.
: Workday has been rated by research analysts at BMO Capital Markets, BNP Paribas, Canaccord Genuity Group, Citigroup, Daiwa America, Deutsche Bank Aktiengesellschaft, Guggenheim, JMP Securities, JPMorgan Chase & Co., KeyCorp, Loop Capital, Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Redburn Atlantic, Royal Bank of Canada, Scotiabank, Stifel Nicolaus, The Goldman Sachs Group, UBS 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 2.77 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 3/25/2025 by MarketBeat.com Staff

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Workday (WDAY) Stock Forecast & Price Target