On June 1, Workday rose 5.55% in pre-market trading, trading at $154.29/share, with trading volume of $2.54 million. The stock continues to rally on the back of strong Q1 results and a wave of investment bank target price upgrades.
Workday reported Q1 revenue of $2.54 billion, up 13.5% year-over-year and beating consensus, while adjusted EPS of $2.66 surpassed the $2.51 estimate. The company raised its full-year non-GAAP operating margin guidance to 30.5%, and disclosed that AI agent customers exceeded 4,000, doubling quarter-over-quarter. Multiple brokerages have since lifted price targets — Daiwa raised to $170 maintaining a Buy rating, UBS raised to $140, and Bank of America reinstated coverage at $140 with a Neutral rating.
Additionally, the company announced an expanded strategic partnership with Google Cloud to embed AI agents for HR and finance into enterprise workflows, further reinforcing its AI monetization narrative amid a broader tech sector rally.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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