Needham Reduces PT on Workday (WDAY) Stock

Workday, Inc. (NASDAQ:WDAY) is one of the Best Long-Term Stocks to Buy Now for High Returns. On May 22, Needham reduced its price objective on the company’s stock to $180 from $300, while maintaining a “Buy” rating. According to the firm, the company reported results above consensus estimates for revenue and operating income. Notably, the CEO took a more aggressive tone regarding how Workday, Inc. (NASDAQ:WDAY) as well as its Agentic platform could compete in the new software paradigm.

 Needham Reduces PT on Workday (WDAY) Stock

Notably, in Q1 2027, the company’s total revenues came at $2.542 billion, reflecting a rise of 13.5% YoY, with subscription revenues coming at $2.354 billion, up by 14.3% versus the same period of last year. Workday, Inc. (NASDAQ:WDAY)’s operating income amounted to $338 million, or 13.3% of revenues, as compared to operating income of $39 million, or 1.8% of revenues, in Q1 2026. For Q2 2027, the company expects subscription revenues of $2.455 billion, reflecting 13% growth.

Workday, Inc. (NASDAQ:WDAY) offers enterprise cloud applications.

While we acknowledge the risk and potential of WDAY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WDAY and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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