William Blair upgraded Workday (WDAY) to a Strong Buy rating. The company reported first-quarter fiscal 2027 adjusted earnings per share of $2.66. Revenue reached $2.54 billion, exceeding Wall Street expectations.
Workday raised its full-year non-GAAP operating margin guidance. This outlook signaled increased profitability and triggered a stock price rebound. The shares recorded a significant increase during the previous trading session.
Other financial institutions updated their outlooks following the earnings release. Needham & Company maintained a buy rating but lowered its price target. TD Cowen and Citigroup reaffirmed their existing ratings for the company.