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Workday stock rating reiterated at Outperform by BMO Capital

Published 29/09/2025, 14:14
Workday stock rating reiterated at Outperform by BMO Capital
WDAY
-1.16%

Investing.com - BMO Capital has reiterated an Outperform rating on Workday (NASDAQ:WDAY), a prominent player in the software industry with a market capitalization of $65.9 billion, setting a price target of $285.00. According to InvestingPro data, the company maintains a "GREAT" financial health score, supported by strong revenue growth of ~14% over the last twelve months.

The firm updated its model following announcements and disclosures made at Workday’s recent analyst day.

BMO Capital reduced its FY27 subscription revenue estimate, primarily due to more modest growth expectations for the financials side of Workday’s business compared to previous forecasts.

Despite the adjustment, the firm still anticipates that the financials segment will grow "materially faster than corporate average across the forecast period."

BMO Capital cited a "solid FCF anchor for FY28" and sees potential upside with execution.

In other recent news, Workday has been the focus of several analyst assessments following its 2025 Analyst Day and annual Rising customer conference. DA Davidson raised its price target for Workday to $260, citing new product announcements and financial disclosures related to its artificial intelligence initiatives. Stifel maintained a Hold rating with a $255 price target after discussions with Workday customers and partners about AI integration and platform adoption. RBC Capital reiterated an Outperform rating with a price target of $340, reflecting confidence in Workday’s growth strategy after attending the company’s events in San Francisco. Additionally, Cantor Fitzgerald maintained an Overweight rating and a $265 price target, highlighting Workday’s competitive advantage in enterprise AI adoption due to its key HR and Finance data. These developments come amid an announcement of a $2 billion investment from activist investor Elliott, following Workday’s Analyst Day event.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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