Workday price target lowered to $285 from $298 at Barclays

Barclays lowered the firm’s price target on Workday (WDAY) to $285 from $298 and keeps an Overweight rating on the shares. The company reported solid Q2 results and raised profit expectations, the analyst tells investors in a research note. However, the firm believes Workday’s unchanged fiscal 2026 subscriber revenue guide excluding Paradox will likely leave the shares range-bound until investors get more confidence of its stabilizing growth.