Monness analyst Brian White has maintained their neutral stance on WDAY stock, giving a Hold rating today.
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Brian White’s rating is based on a combination of factors that reflect both positive and challenging aspects of Workday’s current position. Despite reporting a 13% year-over-year increase in sales for the third quarter of fiscal year 2026, which slightly exceeded expectations, Workday’s operating profit fell short of projections, indicating some operational challenges. Additionally, while subscription services revenue showed a healthy increase, the professional services segment experienced a decline.
Furthermore, Workday’s recent acquisitions, including Pipedream and Sana, suggest an aggressive strategy to enhance its platform with AI capabilities. However, the competitive landscape remains intense, and the broader economic environment poses uncertainties. These mixed signals, along with a muted tone from recent earnings calls, contribute to the Hold rating as the company navigates through these transitional phases.
In another report released today, Citi also maintained a Hold rating on the stock with a $247.00 price target.