Workday

WDAY

Market cap $56.7B

WDAY posts strong Q3 results as subscription revenues jump and AI-fueled demand drives broad customer growth.

Workday (WDAY) stock deserves a spot on your watchlist. Here is why – it is presently trading within the support zone ($204.57 – $226.11), a range from which it has rebounded significantly in the past.

The operator of a major online trading platform got a boost after announcing a joint venture to broaden its reach in prediction markets, while a soft growth outlook weighed on a human resources software firm.

Shares of Workday dropped as much as 10% on Wednesday as analysts lowered their price targets, citing a lack of a upside after the company revised its full-year subscription revenue forecast. Many software stocks have been under pressure in 2025 as commentators have worried that generative AI tools that can quickly write lines of code might pose risks to incumbents.

Workday stock falls after the company breezes past earnings and revenue estimates.

Major U.S. equities indexes climbed Thursday afternoon ahead of the Thanksgiving holiday amid renewed optimism about a Federal Reserve rate cut next month. The Dow, S&P 500, and Nasdaq all rose close to 1%.

WDAY posts strong fiscal Q3 results as revenue and earnings beat estimates, driven by broad industry demand, new customer wins and rising subscription backlog.

Workday Inc (NASDAQ:WDAY) is down 7.6% to trade at $215.90, despite posting better-than-expected third-quarter results after Tuesday's close.

Workday Inc (NASDAQ:WDAY) shares slid 10.3% in early trading Wednesday, despite reporting stronger-than-expected quarterly earnings and revenue, as investors weighed concerns over the durability of growth in a slowing macroeconomic environment. The enterprise software company posted non-GAAP earnings per share of $2.32, beating analyst expectations by $0.15.

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