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.
