** Workday WDAY.O falls 4.2% to $218 premarket

** Human resources software provider forecasts subscription revenue of $2.24 bln for Q3, in line with analysts' estimate, per data compiled by LSEG

** Raises FY26 subscription revenue forecast to $8.82 billion vs prior forecast of $8.80 bln

** At least five brokerages cut PT post results

** D.A. Davidson views co positively with large opportunity ahead

** However, says it is waiting to see clearer signs of upside to revenue moving forward

** Stock rated "buy" on avg; median PT is $280, per data compiled by LSEG

** YTD, WDAY falls 11.7%

(Reporting by Joel Jose in Bengaluru)

((joeljose@thomsonreuters.com;))