What Are Wall Street Analysts' Target Price for Workday Stock?
With a market cap of $63.3 billion, Workday, Inc. (WDAY) provides enterprise cloud applications in the United States and internationally. Headquartered in Pleasanton, California, the company offers a suite of financial management applications to maintain accounting information, manage financial processes, identify real-time financial, operational, and management insights, and more.
WDAY has lagged behind the broader market over the past year and in 2025. WDAY stock prices have grown 8.3% over the past 52 weeks and have fallen 7.3% on a YTD basis, compared to the S&P 500 Index’s ($SPX) 11.6% gains over the past year and a marginal rise in 2025.
Narrowing the focus, WDAY has outperformed the Technology Select Sector SPDR Fund’s (XLK) 7.9% rise over the past 52 weeks but has failed to keep up with its marginal decline in 2025.
WDAY shares rose 1.3% following the release of its Q1 earnings on May 22. The company reported a 12.6% year-over-year increase in its total revenues, which came in at $2.2 billion and surpassed the Street’s estimates, mainly driven by a 13.4% year-over-year rise in its subscription revenues. Moreover, WDAY’s non-GAAP EPS for the quarter rose 28.2% from the prior year’s quarter to $2.23 and came on top of the consensus estimates.
For the current year ending in January 2026, analysts expect WDAY’s EPS to increase 100% year over year to $3.38. Moreover, the company has surpassed analysts’ consensus estimates in two of the past four quarters, while missing on two occasions.
Among the 37 analysts covering the stock, the consensus rating is a “Strong Buy.” That’s based on 25 “Strong Buy” ratings, two “Moderate Buys,” and 10 “Holds.”
The configuration is more bullish than a month ago, when 24 analysts recommended a “Strong Buy.”
On May 23, Oppenheimer analyst Brian Schwartz maintained a “Buy” rating on Workday stock and lowered the price target from $320 to $300.
WDAY’s mean price target of $299.53 indicates a premium of 25.2% from the current market prices. Its Street-high target of $348 suggests a robust 45.4% upside potential from current price levels.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.