Workday, Inc.: Citigroup raises target price to $201 from $139

Citigroup Inc. has revised its price target for Workday, Inc. (WDAY), raising it to $201 from $139, reflecting a more optimistic outlook for the cloud-based software provider. The adjustment comes amid recent speculation about potential acquisition interest in Workday, as well as strong performance in its core business segments. Workday’s Q2 2026 results, expected soon, are seen as a key factor that could influence investor sentiment and validate the firm’s growth trajectory.

The stock currently trades at $194.42, down 2.38% on the day, with analysts highlighting robust subscription revenue growth and AI-driven innovation as key catalysts for future performance. Citigroup’s updated target aligns with a broader trend of analyst optimism, despite some recent downgrades from other firms. The firm’s previous price target of $148 was lowered from a higher level, indicating a more cautious stance before the latest revision.

Workday’s market capitalization stands at $47.11B, with a 52-week high of $247.69 and a low of $112.55. The company’s recent performance, including three consecutive quarterly earnings beats, supports the case for a more bullish assessment. However, investors are advised to remain cautious due to competitive pressures and margin volatility.