Workday, Inc. (NASDAQ:WDAY) on Thursday posted strong first-quarter financial results.

Workday reported quarterly earnings of $2.66 per share, which beat the Street estimate of $2.51 by 5.98%, according to Benzinga Pro data. Quarterly revenue came in at $2.54 billion, which beat the analyst consensus estimate of $2.52 billion. Subscription revenues were $2.35 billion, an increase of 14.3% from the same period last year.

"We had a great Q1, and it makes one thing clear: Workday is ready for this AI moment. Our core business is strong, our AI strategy is working, and we're moving with the speed and focus required to lead," said Aneel Bhusri, CEO of Workday.

Workday expects fiscal 2027 subscription revenue of $9.93 billion to $9.95 billion.

Workday shares gained 5.2% to trade at $128.12 on Friday.

These analysts made changes to their price targets on Workday following earnings announcement.

  • Piper Sandler analyst Billy Fitzsimmons maintained the stock with a Neutral and raised the price target from $135 to $145.
  • Needham analyst Scott Berg maintained the stock with a Buy and lowered the price target from $300 to $180.
  • Keybanc analyst Jason Celino maintained the stock with an Overweight rating and raised the price target from $155 to $158.
  • Citigroup analyst Steven Enders maintained the stock with a Neutral and lowered the price target from $148 to $139.
  • Wells Fargo analyst Michael Turrin maintained Workday with an Overweight rating and raised the price target from $180 to $185.
  • Jefferies analyst Brent Thill maintained the stock with a Hold and raised the price target from $115 to $140.

Considering buying WDAY stock? Here’s what analysts think:

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