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Model output · Signal date 2026-10-16

Workday, Inc. (WDAY) Stock Forecast Oct. 16, 2026

Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq

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Rating · 90D ▲ Bullish Exact rating locked
90-day forecast Sign up free to reveal
30-day forecast Alpha
Rank in coverage Top 35% of 5184 stocks scored
Rank correlation · 90D 27.0% Spearman, 357 dates
Market Cap $45.99B large-cap · #2 of 60 peers
Summary

Workday, Inc. (WDAY) stock forecast summary

Our AI ranks Workday, Inc. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.

Workday, Inc. is a large-cap company with a market capitalization of $45.99B. It ranks number 2 by market capitalization among the 60 Services-Computer Processing & Data Preparation issuers in our coverage with a current forecast.

For WDAY, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 27.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 11.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report

Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)

A free account shows the exact forecast, rating and rank of 3 tickers you follow, WDAY included.

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Price

WDAY price chart and AI forecast

WDAY
Cross-section · 2026-10-16

How WDAY ranks among 5184 stocks

90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).

Fundamentals · 2026-07-31

Workday, Inc. (WDAY) fundamentals

Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Services-Computer Processing & Data Preparation peers listed below that report each metric.

Valuation & Market

MetricWDAYIndustry medianRank
Market Cap $45.99B $878M 2/60
P/E Ratio 44.17x 23.47x 10/29
P/B Ratio 18.49x 3.28x 10/47
EPS $4.32 – –
Book Value/Share $10.32 – –
Revenue/Share $42.14 – –
FCF/Share $11.80 – –

Profitability & Margins

MetricWDAYIndustry medianRank
Operating Margin 27.8% 4.8% 7/46
EBT Margin 32.9% 3.6% 5/47
Tax Rate 2.6% – –

Financial Health

MetricWDAYIndustry medianRank
Current Ratio 0.91x 1.70x 42/51
D/E Ratio 1.74x 1.12x 17/51
Interest Coverage 11.2x 1.1x 13/44
Working Capital -$604M $88M 51/51

Cash Flow

MetricWDAYIndustry medianRank
Operating Cash Flow $3.08B $152M 2/49
Free Cash Flow $2.84B $197M 1/35
Capital Spending -$237M -$12M 32/35
OCF Growth YoY 18.9% 16.2% 14/31
FCF Growth YoY 18.8% 14.4% 12/27
FCF/Sales 28.0% 17.4% 8/35
CapEx/Sales 2.3% 1.2% 12/35

Operational Efficiency

MetricWDAYIndustry medianRank
Receivables Turnover 5.4x 6.7x 28/35
Fixed Assets Turnover 9.0x 17.0x 27/35
Days Sales Outstanding 68 days 54 days 8/35

Income Statement

MetricWDAYIndustry medianRank
Total Revenue $10.15B $852M 3/38
Operating Income $1.08B $33M 2/48
R&D Expense $2.81B $85M 1/33
SG&A Expense $6.91B $418M 1/43

Dividend & Shareholder Information

MetricWDAYIndustry medianRank
Shares Outstanding 241M – –
EPS Growth 87.8% 6.6% 8/24

Balance Sheet Highlights (USD millions)

Total Current Assets$5.97B87.6% of assets
Cash & Short-term Investments$661M9.7% of assets
Accounts Receivable$1.90B27.8% of assets
Total Liabilities$4.33B63.5% of assets
Short-term Debt$6.47B94.9% of assets
Quarterly Financial Reports

WDAY quarterly financials and insider trading

Industry Peers · Services-Computer Processing & Data Preparation

Workday, Inc. (WDAY) industry peers

Companies classified under the same SEC industry code as Workday, Inc. (Services-Computer Processing & Data Preparation): 60 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.

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Company 90-Day AI Forecast (Alpha) Market Cap P/E Ratio P/B Ratio
WDAY Workday, Inc. ▲ $45.99B 44.2x 18.5x
ADP Automatic Data Processing Inc ▼ $114.77B 26.4x 19.0x
RDDT Reddit, Inc. ▲ $29.97B 35.3x 9.1x
VRSK Verisk Analytics, Inc. ▼ $26.61B 29.1x –
TOST Toast, Inc. ▶ $18.28B 45.8x 8.9x
HNGE Hinge Health, Inc. ▲ $8.00B 17.0x 23.2x
RNG Ringcentral, Inc. ▲ $6.30B 95.5x 99.2x
BILI Bilibili Inc. ▼ $5.88B – 42.3x
PEGA Pegasystems Inc ▲ $5.68B 16.9x 10.1x
APLD Applied Digital Corp. ▶ $5.26B – 3.3x
QBTS D-Wave Quantum Inc. ▼ $4.35B – 4.0x
JOYY Joyy Inc. ▼ $4.21B – 93.1x
LIF Life360, Inc. ▲ $3.35B 23.5x 5.5x
FA First Advantage Corp ▶ $3.29B – 2.6x
LFTO Liftoff Mobile, Inc. ▼ $2.80B – –
CARG Cargurus, Inc. ▲ $2.70B 16.2x 10.2x
FIVN Five9, Inc. ▲ $2.41B 67.2x 3.1x
ATHM Autohome Inc. ▶ $2.40B 132.3x 5.8x
RAMP Liveramp Holdings, Inc. ▼ $2.28B 15.6x 1.7x
DXC Dxc Technology Co ▶ $2.18B 18.4x 0.8x
INFQ Infleqtion, Inc. ▼ $1.93B – 3.4x
EVTC Evertec, Inc. ▶ $1.86B 18.7x 2.9x
INOD Innodata Inc ▲ $1.82B 46.8x 11.4x
GLOB Globant S.A. ▲ $1.73B 3.0x –
HAWK Hawkeye 360, Inc. ▼ $1.22B – 1.5x
CLVT Clarivate Plc ▲ $1.17B – 0.2x
GDRX Goodrx Holdings, Inc. ▲ $1.15B 48.0x 1.8x
UPWK Upwork, Inc ▲ $1.05B 10.5x 1.7x
LZ Legalzoom.Com, Inc. ▶ $1.04B 55.1x 8.2x
SHAZ Sharonai Holdings Inc. ▼ $952M – –
PLTK Playtika Holding Corp. ▲ $805M – –
TASK Taskus, Inc. ▲ $754M 7.3x 2.5x
BRUN Boost Run Inc. ▼ $707M – –
DDI Doubledown Interactive Co., Ltd. ▼ $684M – –
YEXT Yext, Inc. ▶ $683M 40.6x 19.2x
NRDS Nerdwallet, Inc. ▲ $640M 16.7x 2.0x
IBEX Ibex Ltd ▶ $606M 14.6x 3.6x
SOPH Sophia Genetics Sa ▲ $573M – –
CARS Cars.Com Inc. ▲ $547M 22.2x 1.2x
OOMA Ooma Inc ▲ $544M 123.3x 5.5x
GRVY Gravity Co., Ltd. ▼ $464M – –
EGHT 8x8 Inc /De/ ▲ $280M 64.7x 1.9x
TRVG Trivago N.V. ▲ $280M – 1.1x
GLOO Gloo Holdings, Inc. ▲ $280M – –
MOVE Corvex, Inc. ▼ $254M – 0.4x
FCCN Spectral Capital Corp ▲ $221M – 3.9x
FIRY Firy Inc. ▲ $191M – 2.3x
AIAI Aiai Holdings Corp ▼ $189M – 0.2x
SSTK Shutterstock, Inc. ▲ $164M – 0.5x
TRAK Repositrak, Inc. ▶ $131M 15.0x 2.5x
QMLS Qumulusai, Inc. ▼ $127M – –
TCX Tucows Inc /Pa/ ▲ $114M – –
BHIC Bioscience Health Innovations, Inc. ▶ $80M – 43.4x
VERI Veritone, Inc. ▶ $54M – 1.4x
DTCX Datacentrex, Inc. ▼ $51M – 0.7x
CAST Freecast, Inc. ▼ $50M – 22.1x
PHUN Phunware, Inc. ▶ $42M – 0.5x
SJ Scienjoy Holding Corp ▲ $38M 1.9x 54.8x
DGNX Diginex Ltd ▼ $34M – –
GMHS Gamehaus Holdings Inc. ▲ $34M – 1.1x

Where WDAY sits on the market map

Technology · Services-Computer Processing & Data Preparation
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News

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FAQ

Workday, Inc. (WDAY) stock forecast FAQ

What is the Workday, Inc. (WDAY) stock forecast?

Our AI ranks Workday, Inc. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.

How accurate are Workday, Inc. stock predictions?

For WDAY, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 27.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 11.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report

How often are Workday, Inc. forecasts updated?

Workday, Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.

Which companies are Workday, Inc.'s industry peers?

60 issuers in our coverage, WDAY included, share the SEC industry code Services-Computer Processing & Data Preparation. The largest are: Automatic Data Processing Inc (ADP), Reddit, Inc. (RDDT), Verisk Analytics, Inc. (VRSK), Toast, Inc. (TOST), Hinge Health, Inc. (HNGE), Ringcentral, Inc. (RNG).

This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.