BTIG lowered the firm’s price target on Workday (WDAY) to $175 from $230 but keeps a Buy rating on the shares after its Q4 results and guidance. Large deal slippage drove the company’s FY27 subscription revenue growth outlook to come down by 50bps while accelerating AI investments are driving lower margin expansion, though the firm comes away increasingly positive on Workday’s ability to monetize AI, the analyst tells investors in a research note.
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