Workday price target raised to $320 from $300 at RBC Capital

RBC Capital raised the firm’s price target on Workday (WDAY) to $320 from $300 and keeps an Outperform rating on the shares following its meeting with the company’s VP of IR. The firm cites peer multiple expansion while also noting that the discussion offered more insight on the demand environment, Workday’s core growth drivers, and the management’s FY26 guidance with “levers for acceleration”, the analyst tells investors in a research note.