** Shares of human resources software provider Workday WDAY.O fall nearly 10% to $117.5 premarket

** Co on Tuesday forecast fiscal 2027 subscription revenue below Wall Street estimates, signaling slower new client wins as corporations scrutinize large software purchases amid economic uncertainty

** J.P. Morgan says Co-founder Aneel Bhusri's return as CEO signals pivot toward innovation and organic agent development, which he frames as WDAY's "Chapter 4," and we view his stated intent to “be conservative on the guide and then beat it” as consistent with co’s historical approach

** "While the FY27 guidance landing slightly below consensus will draw scrutiny, and the business is maturing, we appreciate that it will take time to assess whether any growth uplift can develop" - brokerage

** Co reported Q4 total revenue of $2.53 bln vs. analysts' estimates of $2.52 bln

** Following the results, at least seven brokerages slashed PT on the stock

** 42 analysts rate the stock "buy" on average; median PT is $200 - data compiled by LSEG

** WDAY down ~17% in 2025

(Reporting by Akriti Shah in Bengaluru)

((akriti.shah@thomsonreuters.com))