Workday price target raised to $345 from $310 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Workday (WDAY) to $345 from $310 and keeps a Buy rating on the shares. Workday reported “solid” Q4 results, reflective of the preannouncement for in-line to above guidance, and reiterated FY26 revenue guidance with backlog validating second half revenue re-acceleration, the analyst tells investors in a research note. The firm is encouraged by Workday’s pace of AI innovation and potential for agent-specific pricing leverage, and believes that with the help of AI tools, the company should be able to retain their base and drive increased monetization.