Workday, Inc. (WDAY) Down More Than 7.85% Since Q3 2026 Results, Here’s What You Need to Know

Core Viewpoint - Workday, Inc. (NASDAQ:WDAY) is currently viewed as one of the best SaaS stocks to buy, despite a recent decline in share price following its fiscal Q3 2026 earnings release [1] Financial Performance - In fiscal Q3 2026, Workday, Inc. reported a revenue growth of 12.59% year-over-year, reaching $2.43 billion, which exceeded estimates by $14.54 million [4] - The earnings per share (EPS) was $2.32, surpassing consensus estimates by $0.15 [4] Analyst Ratings and Outlook - Robert Simmons from Rosenblatt Securities initiated a Hold rating on Workday with a price target of $45, reflecting a cautious optimism regarding the company's future prospects [1][2] - The core business of Human Capital Management is expected to grow at a slower rate due to increased competition and market saturation, while other business segments are anticipated to grow faster but have not significantly impacted overall growth [2] - Despite strong margins, Workday's stock trades at a premium compared to its peers, leading Simmons to wait for a better entry point before making further recommendations [3]