• Piper Sandler adjusts Workday's rating to Neutral and revises the price target from $235 to $200.
• Bank of New York Mellon Corp reduces its stake in Workday by 3.2%, now holding shares valued at $323.8 million.
• Workday's market capitalization is approximately $46.29 billion, with a trading volume of 4,857,521 shares today.

Workday, Inc. (NASDAQ: WDAY) is a prominent player in the enterprise cloud applications sector, providing software solutions for finance and human resources. The company competes with other tech giants like Oracle and SAP. On February 2, 2026, Piper Sandler adjusted Workday's rating to Neutral, maintaining a hold action, with the stock priced at $173.38.

Piper Sandler also revised Workday's price target from $235 to $200. This adjustment reflects a more cautious outlook on the stock's future performance. The current stock price of $173.38 shows a decrease of 1.28% or $2.25, with fluctuations between $172.61 and $177.81 today.

Bank of New York Mellon Corp reduced its stake in Workday by 3.2% in the latest quarter, now holding 1,344,923 shares. This represents 0.50% of Workday, valued at $323.8 million. The decision to sell 44,383 shares aligns with Piper Sandler's more conservative stance on the stock.

Other investors have made adjustments to their Workday holdings as well. Verdence Capital Advisors LLC increased its stake by 1.0%, now owning 4,381 shares valued at $1.05 million. Perennial Investment Advisors LLC also expanded its holdings by 2.8% during the same period.

Workday's market capitalization stands at approximately $46.29 billion, with a trading volume of 4,857,521 shares today. Over the past year, the stock has seen a high of $283.68 and a low of $169.01, indicating significant volatility in its market performance.