On July 1, Workday rose 5.2% in regular trading, trading at $127.12/share, with turnover of $76.69 million.

On the news front, Monness Crespi & Hardt recently upgraded Workday from Neutral to Buy, assigning a $150 price target that implies approximately 18% upside from the current level. The upgrade comes as the broader application software sector saw gains, with peers Palantir Technologies up 6.87%, Salesforce up 4.12%, and Strategy up 7.05%.

On the fundamental side, Workday previously reported Q1 results that exceeded expectations, with adjusted EPS of $2.66 beating the consensus estimate of $2.51 by nearly 6%, while revenue grew 13% year-over-year to $2.54 billion. AI agent adoption doubled sequentially to over 4,000 customers, new annual growth from agentic AI products surged more than 200% year-over-year, and approximately 60% of subscription revenue growth came from existing customer expansions. Management simultaneously raised full-year profit margin guidance, reinforcing confidence in the company's monetization trajectory.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)