Top Wall Street Forecasters Revamp Workday Price Expectations Ahead Of Q4 Earnings

Core Insights - Workday, Inc. is set to release its fourth-quarter financial results on February 25, 2025, with expected earnings of $1.78 per share, an increase from $1.57 per share in the same quarter last year [1] - The company projects quarterly revenue of $2.18 billion, up from $1.92 billion a year earlier [1] - On February 5, 2025, Workday announced an 8.5% workforce reduction to focus more on AI initiatives [1] Stock Performance - Workday shares increased by 2.1%, closing at $261.81 on Monday [2] Analyst Ratings - Loop Capital analyst Yun Kim maintained a Hold rating and raised the price target from $242 to $260 [3] - Morgan Stanley analyst Keith Weiss downgraded the stock from Overweight to Equal-Weight, cutting the price target from $330 to $275 [3] - Needham analyst Scott Berg reiterated a Buy rating with a price target of $300 [3] - Goldman Sachs analyst Kash Rangan maintained a Buy rating and increased the price target from $300 to $310 [3] - Citigroup analyst Steven Enders maintained a Neutral rating and reduced the price target from $287 to $270 [3]