February 12, 2026
Analyst Bio:
Rosenblatt launched coverage of Workday with a Neutral rating, noting that the company’s decelerating growth profile is offsetting its rising earnings power.
The broker set a $235 price target, flagging that the stock is already trading close to that level and that a more attractive entry point may be needed.
Workday remains the leading cloud provider for HR and finance departments, but its core U.S. human capital management (HCM) business—still 55% of revenue—has slowed as market penetration increases.
Rosenblatt analyst Robert Simmons says this business “remains a double-digit grower” yet sees “continued (modest) deceleration” in the coming years as legacy system replacements become scarcer and competitors narrow the gap.
