Workday Analyst Price Target
Cantor Fitzgerald Lowers Workday Price Target Amid Mixed Analyst Sentiment
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Key Points
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Cantor Fitzgerald's Workday target of $205 implies roughly 5.9% upside to the prior close.
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Piper Sandler previously raised its target from $145 to $190 (a 31.03% jump) while maintaining a Neutral rating.
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Needham remains constructive, maintaining a Buy rating on Workday and lifting its target to $230.
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Piper Sandler’s coverage notes insider selling in Workday, totaling about $144.2 million over the last three months.
Wall Street analysts are sending mixed signals on Workday, the enterprise software company. Cantor Fitzgerald lowered its price target to $205 while keeping an overweight rating, suggesting modest upside of about 6%. The move reflects broader caution among analysts even as Workday posted strong quarterly results.
Workday reported earnings of $2.75 per share on $2.65 billion in revenue, beating expectations. The company showed a net margin of 8.6% and mid-teens return on equity. Despite solid results, analyst consensus leans cautious, with a average price target near $196.03 and ratings split between Hold and Buy.
Analyst Price Targets Reveal Divided Opinion
Recent analyst moves show a wide range of views. Bernstein raised its target to $238 and maintains Outperform. Needham lifted to $230 with a Buy rating. But Morgan Stanley sits at $180 with underweight, while Piper Sandler raised to $190 but kept a Neutral stance. Capital One targets $219.
The spread between targets—from $180 to $238—reflects uncertainty about Workday's growth trajectory. TD Cowen rates it a hold, and Lake Street also targets $205. The collective message: Workday is fairly valued with limited upside, despite strong current performance.
Piper Sandler Jumps Target but Stays Cautious
Piper Sandler made a notable move, raising its price target from $145 to $190—a 31% jump. Yet the firm kept a Neutral rating, signaling skepticism about further gains. This contradiction reflects the analyst's view that Workday is fairly priced at current levels.
The raise may reflect Workday's strong fundamentals. However, Piper Sandler flagged a concern: insiders have sold about $144.2 million in Workday stock over the last three months. Insider selling often signals executives' views on near-term value.
Strong Earnings Fight Analyst Skepticism
Workday's quarterly results were solid. The company beat earnings expectations with $2.75 per share and generated $2.65 billion in revenue. The 8.6% net margin and mid-teens ROE show healthy profitability and efficient capital use.
Despite these wins, most analysts remain cautious. The Hold-heavy consensus suggests they see limited room for stock gains. Cantor Fitzgerald's $205 target implies just 6% upside, matching the cautious tone across the Street.
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