Needham Reduces PT on Workday (WDAY) Stock Bob Karr May 24, 2026 1 min read WDAY Workday, Inc. (NASDAQ:WDAY) is one of the Best Long-Term Stocks to Buy Now for High Returns. On May 22, Needham reduced its price objective on the company's stock to $180 from $300, while maintaining a "Buy" rating. According to the firm, the company reported results above consensus estimates for revenue and operating income.
Notably, the CEO took a more aggressive tone regarding how Workday, Inc. (NASDAQ:WDAY) as well as its Agentic platform could compete in the new software paradigm. NVIDIA Corporation (NASDAQ:NVDA) is one of the 12 Best Dow Stocks to Invest In Right Now. Notably, in Q1 2027, the company's total revenues came at $2.542 billion, reflecting a rise of 13.5% YoY, with subscription revenues coming at $2.354 billion, up by 14.3% versus the same period of last year.
Workday, Inc. (NASDAQ:WDAY)'s operating income amounted to $338 million, or 13.3% of revenues, as compared to operating income of $39 million, or 1.8% of revenues, in Q1 2026. For Q2 2027, the company expects subscription revenues of $2.455 billion, reflecting 13% growth. Workday, Inc. (NASDAQ:WDAY) offers enterprise cloud applications.
While we acknowledge the potential of WDAY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best FMCG Stocks to Invest In According to Analysts and 11 Best Long-Term Tech Stocks to Buy According to Analysts.
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