Workday (WDAY) PT Raised to $340 at RBC Capital; 'Solid Quarter as cRPO Growth Stabilizes'

RBC Capital analyst Rishi Jaluria raised the price target on Workday (NASDAQ: WDAY) to $340.00 (from $320.00) while maintaining an Outperform rating.

The analyst commented: "Solid Quarter as cRPO Growth Stabilizes; Workday reported a solid Q4 and reiterated subscription revenue guidance, leading shares up 12% after-hours. Q4 outperformance was ahead of recent trends but somewhat driven by services and early renewals. cRPO upside was solid and may have marked a bottoming in growth if we assume a similar beat in Q1. FY26 operating margin guidance inched up 50 bps, calling for 210 bps YoY expansion. Finally, we were encouraged by early AI adoption trends and momentum with the partner network."

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