On September 3, Workday rose 3.26% in regular trading, trading at $210.48/share, with turnover of approximately $50.11 million. The move follows a wave of analyst price target upgrades from major Wall Street banks.

Goldman Sachs raised its price target on Workday to $164, while Barclays lifted its target to $224, Citi to $201, and Jefferies adjusted to $220. The consensus average target stands at approximately $209.69 with an overweight rating. These upgrades were driven by Workday's fiscal Q2 results, which beat expectations with adjusted EPS of $2.75 versus the $2.61 consensus and revenue of $2.65 billion against estimates of $2.64 billion.

Notably, AI products accounted for more than 25% of new quarterly contract value, with over 5,500 customers now using Workday's AI agents, up 35% quarter-over-quarter. UBS characterized fiscal 2027 as a catch-up year for AI monetization, citing a late start rather than demand weakness. Additionally, the company authorized a $4 billion share buyback program, and Silver Lake acquisition speculation from mid-August continues to provide a valuation floor for the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)