Raymond James has initiated coverage on Workday Inc (WDAY) with a Market Perform rating. This marks the firm's first assessment of the company's investment potential based on its analysis of the business and industry dynamics.
Workday, headquartered in Pleasanton, California, specializes in developing enterprise cloud applications for finance and human resources. The company serves over 11,000 organizations globally, providing AI-powered cloud solutions that address various business challenges. With a market capitalization of $59.9 billion, Workday reported a trailing twelve-month price-to-earnings (P/E) ratio of 102.82 and earnings per share (EPS) of 2.16.
Upcoming earnings reports are scheduled for February 23, 2026, and May 20, 2026, with estimated EPS of $2.35 and $2.54, respectively. Recent earnings performance has shown positive surprises, including a Q2 2026 EPS of $2.21, surpassing estimates by 2.5%.
Analyst ratings and price targets provide insights based on research and financial modeling. While these evaluations can be informative, they are grounded in assumptions that may not always hold true. Investors should weigh analyst opinions alongside company fundamentals, competitive positioning, and broader industry trends. Changes in analyst ratings can occur as new information emerges, highlighting the fluid nature of market assessments.