Rosenblatt upgrades Workday ahead of earnings post selloff

Rosenblatt analyst Robert Simmons upgraded Workday (WDAY) to Buy from Neutral with an $180 price target ahead of the Q4 report on February 24. The firm expects Workday to report inline results and believes it will reiterate or slightly increase expectations for fiscal 2027. Channel checks indicate Workday’s business is stable and Rosenblatt sees little risk from generative AI, the analyst tells investors in a research note. With the shares down 36% since early December, the firm is now positive on the shares.