Workday Inc. ($WDAY) Stock Forecast: Down 10.3% Today

What is Workday Inc.?

Workday Inc. (WDAY) is a cloud-based financial management and human capital management software company. It offers a range of applications for financial management, human resources, planning, and analytics.

Why is Workday Inc. going down?

WDAY stock is down 10.3% on Apr 23, 2026 17:11

• Workday (WDAY) experienced a bearish movement today, possibly influenced by:
• ASGN Incorporated (Everforth) missing earnings expectations and undergoing a rebranding strategy, which may have raised concerns about the tech sector's performance.
• Automatic Data Processing (ADP) being undervalued despite positive business developments, signaling a lack of investor confidence in the industry as a whole.
• Google's update pushing Korn Ferry stock analysis to mobile investors, diverting attention from other tech companies like Workday and potentially impacting their stock performance.
• Overall market sentiment towards tech stocks being cautious due to uncertainties in the sector's growth prospects and competitive landscape.

WDAY Price Chart

WDAY Technical Analysis

WDAY News

ASGN Incorporated (NYSE:ASGN) Q1 2026 Earnings Call Transcript

ASGN Incorporated reported Q1 2026 earnings, missing expectations with an EPS of $0.69 against a projected $0.98. The company is rebranding to Everforth and shifting its reporting structure to focus on industry segments rather than delivery models. Revenues were in line with guidance at $968.3 million, but adjusted EBITDA margin was lower than expected at 8.6% due to business mix and lower-than-anticipated contribution from high-margin commercial solutions.

https://www.insidermonkey.com/blog/asgn-incorporated-nyseasgn-q1-2026-earnings-call-transcript-1744776/

Why Automatic Data Processing Looks Undervalued in 2026 After Lyric HCM Lands Largest Enterprise Win

Automatic Data Processing (ADP) is trading near its 52-week low despite raising full-year guidance and experiencing strong client satisfaction, driven by its enterprise cloud platform, Lyric HCM. The company's stock is down 30% year-to-date, but consensus EPS growth is projected around 9% through fiscal 2027, supported by a $6 billion buyback program and new business wins. While analysts have mixed views, ADP appears undervalued at 18x forward earnings compared to its historical average of 26x, especially as its new platforms gain traction.

https://www.tikr.com/blog/why-automatic-data-processing-looks-undervalued-in-2026-after-lyric-hcm-lands-largest-enterprise-win

Automatic Data Processing Inc stock (US0527691069): Is its payroll dominance still the ultimate defensive moat?

Automatic Data Processing Inc. (ADP) maintains a strong position in the U.S. payroll processing market, offering stability for investors through recurring revenue and high switching costs for its clients. While its core business remains robust, the company faces future growth questions due to evolving HR technology demands and competition from fintech disruptors. Analysts generally view ADP favorably for its defensive qualities and growth potential in the HCM market, but note its premium valuation.

https://www.ad-hoc-news.de/boerse/ueberblick/automatic-data-processing-inc-stock-us0527691069-is-its-payroll/69220684

Guggenheim reiterates Buy on ADP stock, cites Lyric product strength By Investing.com

Guggenheim has reiterated a Buy rating and a $270.00 price target for ADP (NASDAQ:ADP), citing the strength of its enterprise human capital management offering, Lyric. Research indicates that Lyric performs well in complex environments like healthcare, expanding ADP's total addressable market. The firm highlighted strong new annual recurring revenue momentum, expected stable pays-per-control trends, and undervalued stock levels despite a recent decline, supported by a healthy dividend yield and impressive gross profit margins.

https://za.investing.com/news/stock-market-news/guggenheim-reiterates-buy-on-adp-stock-cites-lyric-product-strength-93CH-4220043

Google Update Surfaces Korn Ferry Stock Analysis for Mobile Investors

Google's 2026 Discover Core Update is now proactively pushing financial content, including analysis of Korn Ferry stock (NYSE:KFY), to mobile feeds based on user activity. This update provides real-time insights into the company's performance, highlighting its diverse revenue segments, stable digital subscriptions, and responsiveness to macroeconomic factors. The new mobile-first delivery prioritizes visual and credible content to inform investors about KFY's drivers.

https://www.asatunews.co.id/en/google-update-korn-ferry-stock

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Workday Inc. Price History

08.03.2026 - WDAY Stock was down 5.6%

• Insider selling: Multiple key executives of Workday, including the President, Chief Accounting Officer, President of Product and Technology, CFO, and David A. Duffield's trust, have been selling significant amounts of shares recently.
• Market sentiment: The continuous selling of shares by insiders may have raised concerns among investors about the company's future performance and growth prospects.
• Impact on stock price: The collective selling pressure from these insider transactions likely contributed to the bearish movement in Workday's stock price today.
• Investor confidence: The high volume of insider selling could have eroded investor confidence in Workday's stock, leading to a negative market reaction and driving the stock price lower.

21.03.2026 - WDAY Stock was up 5.3%

• WDAY's bullish movement could be attributed to positive market sentiment towards cloud-based software companies, following strong earnings reports from industry peers.
• Competitors like ADP and Paycom Software were the focus of recent discussions, which could have indirectly boosted investor confidence in WDAY's position within the market.
• Guggenheim's Buy rating on ADP, highlighting the strength of its enterprise human capital management offering, may have positively influenced investor perception of the overall sector, benefiting WDAY as well.
• The Google Discover Core Update impacting how investors access information on companies like ADP and Paycom Software may have led to increased interest in cloud-based HR solutions, indirectly benefiting WDAY's stock performance.

09.03.2026 - WDAY Stock was down 11.2%

• The stock exhibited significant bearish movement today.
• Despite claims of undervaluation, Workday's elevated P/E ratio of 47.3x compared to industry standards raises concerns about its valuation.
• Analysts are conducting individual assessments of the company's fundamentals to form their opinions amid the declining share price.
• The negative market trend may be linked to worries among investors about the company's high valuation in comparison to industry benchmarks and the continuing review of its cloud applications segment.

10.02.2026 - WDAY Stock was down 6.0%

• Today, Workday Inc. (WDAY) experienced a strong bearish movement in the market, potentially influenced by various factors:
• Despite positive developments from other companies in the sector, Workday may have faced specific challenges impacting investor sentiment.
• Market fluctuations and industry valuation changes could have contributed to a negative sentiment affecting Workday's stock performance.
• Internal operational issues, competitive pressures, or unmet market expectations could have played a role in Workday's bearish trend for the day.
• Investors may be assessing Workday's performance and future outlook amidst market conditions and industry dynamics to understand today's bearish movement.

09.03.2026 - WDAY Stock was down 9.7%

• Workday's downward movement today is linked to its share price decline over the past year, causing investors to reconsider its valuation.
• The Chief Legal Officer's sale of 7,051 shares may have also impacted sentiment, suggesting internal stakeholders are adjusting their positions.
• Market sentiment towards cloud applications businesses, like Workday, could be influenced by ServiceNow's stock hitting a 52-week low, raising concerns about sector revenue growth.
• ServiceNow's introduction of AI capabilities through its "Context Engine" may pose a competitive threat to Workday, affecting investor confidence in the company's future growth potential.

16.03.2026 - WDAY Stock was up 6.0%

• Workday Inc. passed the Peter Lynch GARP investment screen, showcasing strong financial health, sustainable earnings growth, and an attractive valuation. This positive evaluation potentially drew investors to the stock, leading to its bullish performance.
• Mention of HubSpot, Inc. and its increased stake by Massachusetts Financial Services Co. MA, alongside the introduction of significant AI features and robust revenue growth, could have positively influenced the perception of tech companies, benefiting Workday Inc. in the process.
• Workday's collaboration with Insperity and the rollout of new HR solutions may have instilled further confidence in investors regarding the company's growth potential, contributing to the upward trend in its stock price.
• Taken together, the favorable evaluations, favorable industry trends, and strategic collaborations likely played a role in Workday Inc.'s strong performance in the market today.

23.03.2026 - WDAY Stock was down 9.9%

• The decline in WDAY's stock price could be due to investors cashing out profits following a recent surge in the stock.
• Concerns regarding heightened competition within the cloud-based software sector might have impacted investor confidence in WDAY.
• The overall market decline today may have influenced the drop in WDAY's stock price, leading investors to adjust their holdings in light of the general market atmosphere.

23.03.2026 - WDAY Stock was down 10.3%

• Workday (WDAY) experienced a bearish movement today, possibly influenced by:
• ASGN Incorporated (Everforth) missing earnings expectations and undergoing a rebranding strategy, which may have raised concerns about the tech sector's performance.
• Automatic Data Processing (ADP) being undervalued despite positive business developments, signaling a lack of investor confidence in the industry as a whole.
• Google's update pushing Korn Ferry stock analysis to mobile investors, diverting attention from other tech companies like Workday and potentially impacting their stock performance.
• Overall market sentiment towards tech stocks being cautious due to uncertainties in the sector's growth prospects and competitive landscape.

24.02.2026 - WDAY Stock was down 5.1%

• Workday collaborated with Harness to enhance its AI solutions, but investor confidence did not immediately respond favorably, likely overshadowed by competition concerns in the AI sector from Oracle and Salesforce.
• The introduction of the "Sana from Workday" AI platform and the reinstatement of Aneel Bhusri as CEO aimed to transform the company's investment narrative, but questions about long-term costs and margin expansion may have contributed to the market's bearish sentiment.
• A notable sale of shares by major owner David A. Duffield, coupled with a decline in stock performance, may have indicated uncertainty among investors, despite the company's solid financial results.
• Today's bearish trend in Workday's stock could have been influenced by broader market sentiment and concerns about the company's competitive position in the evolving AI industry.

13.02.2026 - WDAY Stock was down 5.0%

• The bearish movement in Workday's stock today could be attributed to the partnership between TD Bank US and FISPAN, which aims to embed banking capabilities directly into Workday for its business clients. This integration may have raised concerns among investors about potential competition in the financial management space, leading to a negative sentiment towards Workday's market position.
• The collaboration between TD Bank US and FISPAN seeks to streamline financial operations and automate accounting tasks within Workday, potentially reducing the need for external software solutions. This move could signal increased competition for Workday in the financial management sector, impacting investor confidence in the company's growth prospects.
• Facing challenges from new entrants in the embedded finance space, investors may be reevaluating Workday's competitive edge and market positioning, contributing to the bearish movement in its stock price today.

15.03.2026 - WDAY Stock was up 5.2%

• A significant increase in stake by Massachusetts Financial Services Co. in HubSpot, Inc. could signal confidence in the tech sector, potentially benefiting related companies like Workday.
• The launch of major AI features and strong revenue growth by HubSpot may have positively affected investor sentiment towards tech stocks, including Workday, leading to a bullish movement.
• BlackLine, Inc.'s focus on explainable AI and financial automation innovation may have emphasized the importance of technology in the market, positively impacting companies like Workday.
• Gloo Holdings, Inc.'s strong financial results and increased revenue guidance could have contributed to a positive market sentiment overall, benefiting tech stocks like Workday.

13.03.2026 - WDAY Stock was up 5.1%

• Workday Inc. stock demonstrated notable bullish momentum, likely attributed to the positive market outlook regarding AI integration and workforce management solutions.
• Discussions surrounding the potential acquisition of Astrix Security by Cisco Systems could have influenced the bullish trend by indicating a strategic focus on reinforcing AI security services, aligning with market inclinations.
• The significance placed on AI and analytics in improving workforce management platforms to enhance enterprise value might have heightened investor enthusiasm towards companies like Workday Inc. and contributed to the bullish market activity.
• While some companies like SAP SE encounter challenges in the AI disruption domain, the overall favorable stance towards AI integration in business solutions may have positively affected Workday Inc.'s stock performance.