Key Highlights

● Workday closed at $186.59 on 9 October 2026.

● Market data consensus target is $205.55.

● Targets range from $92 to $315.

● Late August brought a wave of changes: RBC lifted its target to $240.

Workday (NASDAQ:WDAY), a constituent of both the S&P 500 and the Nasdaq-100, ended Friday 9 October 2026 at $186.59. The consensus target sits moderately above the share price. Recent broker revisions have mostly been upward.

What Is the Latest Analyst Price Target?

The consensus price target for Workday, Inc. Is $205.55 against a close of $186.59 on Friday 9 October 2026. That implies potential upside of 10.2%, calculated as target minus price, divided by price. The median target is $215, the highest is $315 and the lowest is $92, from roughly 40 analysts. Ratings: Hold per market data: 20 Buy, 18 Hold, 2 Sell among 40 analysts; the second data set (third-party data) shows a Buy consensus from 42 analysts.

What Are Wall Street Analysts Saying?

Broker activity has been extensive. Market data records Jefferies cutting its target from $220 to $210 with a Hold rating on 8 October 2026, UBS setting a $210 target on 7 October and Needham reiterating Buy with a $230 target on 5 October. Late August brought a wave of changes: RBC lifted its target to $240, Bernstein to $238, Wells Fargo to $225, Barclays to $224 and Stifel to $160. Morgan Stanley raised its target from $145 to $180 but retains an Underweight rating, and Goldman Sachs raised to $164 with a Neutral rating. Guggenheim reiterated Buy with a $275 target, and CLSA initiated at Underperform with a $92 target in July.

What Could Help the Stock Reach the Price Target?

The case for upside rests on steady growth. The second data set shows consensus fiscal 2027 revenue of $10.67 billion, an increase of about 12% on the $9.55 billion reported for fiscal 2026, with non-GAAP earnings per share of $11.08 compared with $9.23 and free cash flow of $3.13 billion. Many brokers raised their targets sharply in August, which suggests improving sentiment. If subscription growth and margin expansion continue, the share price could move towards the average target of about $206, although that cannot be assumed.

What Could Prevent the Stock Reaching the Target?

With 18 of 40 analysts at Hold and two at Sell, conviction is limited. The upside to the average is only about 10%, the smallest in this series, and the range of targets from $92 to $315 is extremely wide. Many of the August increases started from low bases, which suggests the shares have recovered ground and valuations may already reflect some of that. Competition in enterprise software, the effect of artificial intelligence on pricing and hiring volumes, and customer budget caution could all weigh. Recent target cuts from Jefferies and TD Cowen show that not every revision is upward.

What Should Investors Watch Next?

Subscription revenue growth, margins and any guidance update will probably decide whether analysts continue to raise targets. Watch also for whether Hold-rated brokers such as Jefferies, Citigroup and Goldman Sachs change stance.

How Analysts See Workday After the Latest Close

Workday closed at $186.59 on 9 October 2026, against a market data consensus target of $205.55. Late August brought a wave of changes: RBC lifted its target to $240, Bernstein to $238, Wells Fargo to $225, Barclays to $224 and Stifel to $160.