Workday, Inc. (WDAY) shares tumbled 5.4% to $195.79 as of September 4, 2026, a significant decline from the prior close of $206.92. BestStocks flagged the session as a major change for WDAY. The move is tied to price move down. Below, we break down what changed for WDAY, why it matters for investors, how the stock reacted, and the catalysts on the calendar.
What happened
WDAY fell 5.4% to $195.79
Workday, Inc. (WDAY) moved -5.39% from $206.94 to $195.79 on 2026-09-04, following investor concerns tied to its recent Q2 earnings report. Although the company beat recent estimates, lingering worries over sluggish quarterly performance, slowing backlog growth, and cautious forward guidance have pressured the stock. Analyst Cantor Fitzgerald lowered its price target to $205 from $220, and broader enterprise software sector headwinds—including AI disruption concerns—have amplified selling pressure. Monitor for any updates to analyst consensus estimates and watch for commentary on backlog trends and AI-related revenue opportunities in upcoming investor communications.
This summary describes the catalyst and move as first detected on Sep 4, 2026, 4:40 PM EDT; the stock has continued trading since, so the current price and percentage move (shown above) may be larger or smaller than the figures here.
NewsLow confidence
Rel. volume
0.6×
Below Avg
Vs peers
—
No comparable peers
Market cap
$51.3B
NASDAQ Global Select
Analyst target
$204
+4.4% vs price
Price chart
Aug 4 – Sep 4
E earnings
F filing
A analyst
V/N other
click a marker to highlight
Change events — click to jump to details
What it means for Workday, Inc. investors
For Workday, Inc. investors, the recent signals add up to a bearish shift. On the constructive side: Positive price momentum. Weighing against that: Sharp 5.4% decline — elevated risk; Workday, Inc. (WDAY) moved -6.20% from $141.17 to $132.42 on 2026-07-22. Wall Street's consensus price target sits at $204.35, implying +4.4% upside from $195.79. Over the past 90 days analysts logged 0 upgrades and 3 downgrades. BestStocks rates the overall signal quality low (55/100). With earnings roughly 81 days out, the next report is the most likely near-term test of the move.
WDAY price reaction
WDAY last traded at $195.79, down $11.13 (-5.38%) from the previous close of $206.92. The session traded on 0.6× average volume (below avg), so participation was unremarkable. Over the past month the stock has ranged between $170.24 and $206.92, and it currently sits about 70% of the way up that band.
Bullish and bearish analyst opinions on Workday, Inc. (WDAY)
▼Latest catalyst·strengthens the bear case
The latest catalyst — a materially negative development — it strengthens the bear case, in line with the prevailing bearish analyst lean.
The consensus analyst price target on Workday, Inc. (WDAY) is $204.35, 4.4% above the recent $195.79. Over the past 90 days analysts logged 0 upgrades, 25 maintains, and 3 downgrades. Here is how the bullish and bearish cases on WDAY line up.
▲ The bullish case
+Wall Street's consensus price target of $204.35 implies +4.4% upside from $195.79.
+The Street's most bullish target is $275.00 (+40.5%).
+Positive price momentum.
▼ The bearish case
−The most bearish analyst target is $140.00 (-28.5%).
−3 analyst downgrades in the past 90 days, most recently Freedom Broker to Hold (2026-08-28).
−Sharp 5.4% decline — elevated risk.
−Workday, Inc. (WDAY) moved -6.20% from $141.17 to $132.42 on 2026-07-22.
Bull vs bear balanceBearish Shift
BearishNeutralBullish
Weighing both sides, BestStocks' composite read of recent signals is bearish, as the bull-versus-bear meter above shows. This is an educational summary of the bull and bear case, not investment advice.
Analyst price targets and ratings are FMP consensus figures as of Sep 4, 2026; other aggregators may differ. High and low targets show the range of estimates, not forecasts.
Workday, Inc. (WDAY) moved +7.36% after reporting fiscal Q2 earnings that beat consensus: adjusted EPS of $2.75 vs. ~$2.61 estimate, and revenue of $2.65 billion (+12.8% YoY) above expectations. Subscription revenue grew 13.9% to $2.471 billion, AI products drove over 25% of new contract value, and management raised full-year non-GAAP operating margin guidance to 31%. The company also authorized a new $4.0 billion share-repurchase program.
Material / Earnings2026-08-19+4.1%
Workday, Inc. (WDAY) moved +4.25% from $190.34 to $198.42 on 2026-08-19. We checked news, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. The move occurred one day before scheduled earnings on 2026-08-20, with volume near its 5-day average.
Material / Earnings2026-08-14-3.8%
Workday, Inc. (WDAY) moved -4.41% from $207.85 to $198.68 on 2026-08-14. We checked news, earnings announcements, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. Volume remained near its 5-day average at 1.2x, indicating the move occurred on ordinary trading activity.
Material / Earnings2026-08-13+17.8%
Workday, Inc. (WDAY) moved +16.35% from $177.44 to $206.45 on 2026-08-13, driven by sector-wide software rotation momentum tied to artificial intelligence narratives and speculation regarding potential private equity interest in major enterprise software deals. Volume surged to 4.1x the 5-day average, and the stock reached a new 30-day high.
Material / Earnings2026-08-10+2.5%
Workday, Inc. (WDAY) moved +4.21% from $176.75 to $184.19 on August 10, 2026. We checked news, earnings announcements, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. The move coincided with a new 30-day high and modestly elevated volume (1.3x the 5-day average), suggesting technical momentum rather than event-driven activity.
Material / Earnings2026-08-07+5.5%
Workday, Inc. (WDAY) moved +3.06% from $174.30 to $179.64 on 2026-08-07. We checked news, earnings announcements, analyst updates, filings, and corporate actions — no company-specific catalyst was found. The move coincides with WDAY reaching a new 30-day high, though volume remained near its 5-day average.
Material / Earnings2026-08-06-0.2%
WDAY moved +3.99% from its $163.71 open to a $170.24 close on 2026-08-06.
Material / Earnings2026-08-04+3.8%
Workday, Inc. (WDAY) moved +5.12% from $162.93 to $171.28 on August 4, 2026, reaching a new 30-day high. We checked news, earnings announcements, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. The move occurred on volume near the 5-day average.
In-depth WDAY event analyses
Permanent, dated analyses of WDAY's most significant sessions.
WDAY tumbled 5.4% to $195.79. The move is associated with price move down.
How much did WDAY stock fall?
WDAY lost 5.38% ($11.13) versus the prior close of $206.92, last trading at $195.79 on 0.6× average volume.
When is Workday, Inc.'s next earnings date?
WDAY's next earnings report is estimated for 2026-11-24 — about 81 days away.
What is the analyst price target for WDAY?
The consensus analyst price target for WDAY is $204.35, about 4.4% above the current $195.79. Over the past 90 days, analysts recorded 0 upgrades, 25 maintains, and 3 downgrades.
How BestStocks tracks WDAY
This page is generated automatically by BestStocks' change-detection system after price move down was detected and verified against independent data sources. It draws on 20 tracked change events for WDAY, cross-checked against the data sources listed below. Price, volume, and market-capitalization figures are the live intraday quote as of September 4, 2026 and refresh as new information is detected; for companies with multiple share classes, market-cap figures can differ by data source. Analyst price targets and ratings are FMP consensus. This is an educational summary of what changed and why — not personalized investment advice.
