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Stock impact report

Baird Lowers Workday (WDAY) Price Target after Reduced 2027 Guidance [Yahoo! Finance]

Workday, Inc. - Class A (WDAY) 
Last workday, inc. - class a earnings: 2/27 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Photo by Annie Spratt on Unsplash On February 25, Baird analyst Mark Marcon lowered the price target on Workday, Inc. (NASDAQ:WDAY) to $190 from $195 and maintained an Outperform rating on the shares. The firm updated its model following the company's Q4 results, which included reduced guidance for 2027. On February 25, Workday issued a softer sales forecast. This raised concerns among investors about the company's ability to remain competitive as AI adoption accelerates. The stock fell 8.3% in early trading and dropped to its lowest level in more than five years. The decline added to a broader selloff. Shares were already down about 40% this year. Investors reacted to fears that artificial intelligence tools developed by companies such as Anthropic could reduce demand for traditional software products. The recent performance has made Workday one of the weakest-performing U.S. software stocks this year. CEO and co-founder Aneel Bhusri addressed these concerns during the post-ea Show less Read more
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