William Blair analyst Jake Roberge has maintained their bullish stance on WDAY stock, giving a Buy rating today.
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Jake Roberge has given his Buy rating due to a combination of factors including Workday’s strong third-quarter performance, which exceeded expectations across key metrics. The company’s new AI solutions have significantly contributed to growth, providing a 1.5-point boost and enhancing visibility into its DIA contract deployment, which is expected to add approximately $15 million to fourth-quarter subscription revenue.
Despite a slight dip in premarket trading due to lower-than-expected fourth-quarter cRPO growth when excluding recent acquisitions, Workday’s demand remains robust across its customer base. The company has reiterated its guidance for 13% subscription revenue growth by fiscal year 2027, with a portion of this growth being inorganic. The valuation, at 16 times the projected free cash flow for 2026, is seen as attractive for a company anticipated to achieve over 20% growth in free cash flow.
According to TipRanks, Roberge is an analyst with an average return of -5.5% and a 35.52% success rate. Roberge covers the Technology sector, focusing on stocks such as Jamf Holding, Adobe, and Elastic.
In another report released today, Jefferies also maintained a Buy rating on the stock with a $325.00 price target.