Oppenheimer Reiterates Outperform Rating on Workday (WDAY)

Oppenheimer analyst Ken Wong reiterated an Outperform rating and $300.00 price target on Workday (NASDAQ: WDAY).

The analyst comments "We reiterate our Outperform rating and $300 target on Workday following its analyst meeting. The event showcased a strong AI-driven innovation cadence, enhanced financials transparency, and updates on the growth drivers. While the new disclosures were more incremental than material, it bolstered our conviction in WDAY's ability to drive durable growth owing to: 1) strength of core HCM and Financials; 2) upside optionality predicated on Analytics, Industries, Extend, and around generative AI; 3) international and partners momentum; 4) high retention; and 5) large $160 billion TAM. Near term, the AI solutions look compelling which could position Workday for a stronger FY2026 and eventually reaccelerating top-line growth. On balance, slower customer hiring remains a headwind and the margin growth story is likely priced into multiples."

For an analyst ratings summary and ratings history on Workday click here. For more ratings news on Workday click here.

Shares of Workday closed at $248.12 yesterday.

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