Workday, Inc. (WDAY) earnings on May 21, 2026
Prior outlook: Optimistic Outcome: Accurate
Workday's stock rose after reporting its latest results. The shares climbed 5.2% on the day and touched 14.7% earlier, showing investors remained confident.
WDAY price around the earnings
127.75
Change: +4.8%
2026-05-23, 00:00 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Optimistic Outcome: Accurate
- Thesis published
High upside but mixed contexts
Analysts see 46.5% upside and the company has a perfect earnings beat record. But recent downgrades and institutional selling create caution.
Context analyzed before publication
- Summary
- Optimistic scenario but mixed contexts
- Reasoning
- Analysts cite a price target about 46.5% above the current price and the company has a strong recent record of beating earnings. But recent downgrades and institutional selling create caution.
- Playbook
- The scenario is optimistic; the price is near a reference level. The downgrades suggest some experts are turning cautious.
- Trend
- Expert opinion improved after selloff
Analysts
Drivers
-
Analysts
Positive
Buy rating with a $178 target, citing a price about 46.5% above the current level. Multiple firms have positive ratings.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.95
- Analysts covering the stock
- 38
- Average price target
- 178.16
- Lowest price target
- 115
- Highest price target
- 300
- Upside to price target
- 46.5%
- Quarterly earnings growth
- 54.3%
- Revenue growth
- 14.5%
- Forward EPS
- 12.45
- Trailing EPS
- 2.6
- Analyst moves in the last 60 days
- 3
- Strong buy: 7
- Buy: 18
- Hold: 16
- Sell: 0
- Strong sell: 0
- Strong buy
- 7
- Buy
- 18
- Hold
- 16
- Sell
- 0
- Strong sell
- 0
- May 20, 2026 · Cantor Fitzgerald: Maintains rating (Overweight → Overweight)
- May 18, 2026 · BTIG: Reiterates rating (Buy → Buy)
- May 15, 2026 · BWG Global: Downgrades rating (Mixed → Negative)
News and sentiment
Drivers
-
News & sentiment
Negative
Cantor Fitzgerald lowered its price target to $160, and BWG downgraded the stock to Negative.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (5)
- Cantor Fitzgerald Maintains Overweight on Workday, Lowers Price Target to $160 — Benzinga
- Stock Of The Day: Is This The Bottom For Workday? — Benzinga
- BTIG Reiterates Buy on Workday, Maintains $175 Price Target — Benzinga
- Tiger Global Management Sold Entire Position In Circle Internet Group; Elastic N.V.; Flutter Entertainment; Grab Holdings; Hinge Health; Netflix; Taiwan Semiconductor Manufacturing Company; Veeva Systems; Workday — Benzinga
- BWG Global Downgrades Workday to Negative — Benzinga
Technicals
Drivers
-
Technical
Neutral
Moderate momentum: up 3.4% in 14 days and 6.3% in 30 days. Market review near resistance at $127.71.
Evidence
- Average true range (ATR)
- 5%
- Distance to 52-week high
- -55.6%
- 14-day change (14d)
- +3.4%
- 30-day change (30d)
- +6.3%
- 30-day relative strength
- +6.3%
- Benchmark change (0d)
- +0.0%
- Nearest support
- 125.84
- Nearest resistance
- 127.71
- Volume accumulation ratio (14d / 46d)
- 1.4
Trends
Evidence
- Average earnings surprise
- +23.7%
- February 24, 2026: actual EPS 2.47 vs estimate 2.32 (surprise +6.4%)
- November 25, 2025: actual EPS 2.32 vs estimate 2.17 (surprise +6.7%)
- August 21, 2025: actual EPS 0.84 vs estimate 0.74 (surprise +13.8%)
- May 22, 2025: actual EPS 0.25 vs estimate 0.15 (surprise +68.0%)
Expected move
Drivers
-
Past earnings
Positive
100% beat rate with an average surprise of 23.7%, showing a strong recent track record.
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 6.2%
- 75th percentile move
- 10.5%
- 90th percentile move
- 13.1%
- Up / down moves
- 11 / 8
- Average up move
- +7.4%
- Average down move
- -7.3%
Monitoring and close
What Workday, Inc. reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- +5.2%
- Max favorable move (MFE)
- 14.7%
- Max adverse move (MAE)
- 4.6%