Workday Plans to Invest C$1B in Canada

Written by Emily J. Thompson, Senior Investment Analyst

Updated: Jan 20 2026

0mins

Workday plans to invest C$1B in Canada over the next five years. The multi-year investment includes plans to further develop local tech talent, strengthen local customer support, and give back to Canadian communities through participation in the "With Glowing Hearts" reservist registry. Canada is one of Workday's largest markets worldwide with over 1,100 employees serving over 500 customers from various industries including financial services, technology and media, higher education and retail.

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WDAY

$189.12+Infinity%1D

Analyst Views on WDAY

Wall Street analysts forecast WDAY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WDAY is 275.19 USD with a low forecast of 235.00 USD and a high forecast of 325.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

31 Analyst Rating

22 Buy

9 Hold

0 Sell

Moderate Buy

Current: 188.580

Low

235.00

Averages

275.19

High

325.00

Current: 188.580

Low

235.00

Averages

275.19

High

325.00

RBC Capital

Outperform

to

NULL

downgrade

$320 -> $300

2026-01-05

Reason

RBC Capital

Price Target

$320 -> $300

AI Analysis

2026-01-05

downgrade

Outperform

to

NULL

Reason

RBC Capital lowered the firm's price target on Workday to $300 from $320 and keeps an Outperform rating on the shares. 2026 is likely to be a year when AI tailwinds become more evident for companies well positioned for enterprise AI adoption, while less prepared peers may remain pressured by the "AI is the death of software" narrative, the analyst tells investors in a research note. Enterprise spending appears to be stabilizing and improving in select areas, with GenAI driving innovation even as management teams remain conservative in early 2026 guidance, the firm says.

BTIG

initiated

$285

2025-12-16

Reason

BTIG

Price Target

$285

2025-12-16

initiated

Reason

BTIG initiated coverage of Workday with a Buy rating and $285 price target.

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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.