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.

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