Jefferies Downgrades Workday Amid AI Risks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy WDAY?
Source: seekingalpha
Workday Inc. shares fell 6.12% as the stock hit a 52-week low, reflecting broader market weakness with the Nasdaq-100 down 0.52% and the S&P 500 down 0.23%.
Jefferies downgraded Workday from Buy to Hold, citing execution risks associated with CEO Aneel Bhusri's return and a significant price target cut from $325 to $150. This downgrade follows concerns over AI-related risks, which have led to a pre-market decline of 1.5% for Workday, indicating a challenging outlook for the company amid competitive pressures in the enterprise software sector.
The downgrade by Jefferies adds to the negative sentiment surrounding Workday, especially as the company prepares to report its quarterly earnings. Analysts are closely watching the upcoming earnings report, which could further influence investor confidence and stock performance.
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Analyst Views on WDAY
Wall Street analysts forecast WDAY stock price to rise
31 Analyst Rating
22 Buy
9 Hold
0 Sell
Moderate Buy
Current: 148.140
Low
235.00
Averages
275.19
High
325.00
Current: 148.140
Low
235.00
Averages
275.19
High
325.00
About WDAY
Workday, Inc. is a provider of an artificial intelligence (AI) platform to help organizations manage their people, money, and agents. The Company provides over 11,000 organizations with cloud solutions powered by AI to help solve business challenges, including supporting and empowering their workforce, managing their finances and spending in an ever-changing environment, and planning for the unexpected. It offers Financial Management, Spend Management, Human Capital Management (HCM), Planning, and Analytics applications. The Company sells its solutions worldwide primarily through direct sales. It also offers professional services, both directly and through its Workday Services Partners, to help customers deploy its solutions. It offers businesses flexible solutions to help them adapt to their industry-specific needs and respond to change. It serves various industries, including professional and business services, financial services, healthcare, education, government, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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