Workday price target raised to $285 from $260 at Loop Capital

Loop Capital raised the firm’s price target on Workday (WDAY) to $285 from $260 and keeps a Hold rating on the shares after its Q4 earnings beat. The company also maintained its previously issued FY26 subscription revenue growth guidance of 14%, which many investors thought was at risk given the announcement earlier in the month about a major workforce reduction, and with the management reiterating its expectation of second-half acceleration in its business, it appears that the company’s growth trajectory is at least stabilizing at around the mid-teens, the analyst tells investors in a research note.