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Workday (WDAY) has an average rating of overweight and mean price target of $177.64, according to analysts polled by FactSet.Price: $203.55, Change: $-2.90, Percent Change: -1.40%
(Updates with market moves after the close.)The S&P 500 rose to a record on Thursday as traders digested another tame inflation report.The index gained 0.7% to settle at 7,798.99 after reaching an all-time intraday high of 7,816.7. The Nasdaq Composite climbed 0.8% to 26,803.03, and the Dow Jones Industrial Average edged up 0.1% to 53,839.99.Most sectors ended higher, led by communication services, while materials posted the steepest drop.US producer prices held steady in July, defying expectations for a monthly rise, as energy costs continued to decline, Bureau of Labor Statistics data showed. The report follows Wednesday's benign consumer inflation numbers that further lowered bets for a Federal Reserve interest-rate increase next month."While prices are still rising and inflation remains well above the (Federal Open Market) Committee's 2% target, the slightly slower pace of increase underscores hope earlier pressures from a global energy shock are already easing," Stifel said in a report. "This won't necessarily remove, but it does potentially mitigate, the sense of urgency for the Fed to firm its policy stance, at least in the nearer term, particularly in the aftermath of a weaker-than-expected July employment report."As of Thursday, markets are pricing in a 65% probability that the Fed will keep its benchmark rate steady next month, compared with 59% on Wednesday, according to the CME FedWatch tool. The odds that the US central bank will lift rates by 25 basis points fell to 35% from 41%.Richmond Fed President Tom Barkin offered contrasting views on the inflation outlook on Thursday, saying it's unclear whether the central bank should boost rates to guide inflation back to its 2% target.US Treasury yields were lower, with the 10-year yield down 4.3 basis points at 4.65% and the two-year yield falling five basis points to 4.15%.West Texas Intermediate crude dropped 2.4% to $81.27 a barrel in late-afternoon trading, while Brent shed 2.2% to $87.02.In a social media post on Wednesday, President Donald Trump said the US has "total control" over the Strait of Hormuz.Iranian officials reportedly said earlier in the week that Hormuz, a key chokepoint for crude flows, will remain closed as long as the US does not accept Tehran's conditions, including a permanent end to the conflict and compensation for war damages.In company news, Sandisk (SNDK) shares jumped 14%, the second-largest gain on the S&P, after the semiconductor company said it expects revenue to grow at a mid-to-high-teens rate from fiscal 2028 through fiscal 2030.Workday (WDAY) shares surged 18%, the top gainer on the S&P. The company is in talks to be acquired by private equity firm Silver Lake, Reuters reported, citing people familiar with the matter.Cisco Systems (CSCO) shares slumped 8.4%, the biggest drop on the Dow, a day after the networking equipment maker reported a decline in adjusted gross margin.Tapestry (TPR) shares tumbled 16%, the steepest fall on the S&P. The company provided a full-year outlook below Wall Street's estimates at the midpoint.Spot gold fell 1.4% to $4,348.92 per troy ounce, while silver lost 1.8% to $64.54 per ounce.
US equity indexes ended higher Thursday after a weak producer price inflation report and a drop in crude oil prices.* The Producer Price Index held steady in July, following a 0.1% decrease in June, versus the 0.2% gain expected in a Bloomberg-compiled survey.* US commercial crude oil inventories increased by a staggering 17.4 million barrels in the week ended Aug. 7, the Energy Information Administration said in its weekly report on Wednesday.* September West Texas Intermediate crude oil fell $1.99 to settle at $81.28 per barrel, while October Brent crude, the global benchmark, was last seen down $1.93 at $87.05 after the International Energy Agency projected global demand to contract by 1.6 million barrels per day this year.* Workday (WDAY) is in talks to be acquired by private equity firm Silver Lake, Reuters reported Thursday. Shares of the company were up roughly 18%, the top gainer on the S&P 500 and Nasdaq.* Tapestry (TPR) shares were down nearly 16%, the worst performer on the S&P 500, after the company issued a full-year outlook below analyst estimates at the midpoint on Thursday, after reporting stronger-than-expected fiscal Q4 earnings.
Workday (WDAY) is in talks to be acquired by private equity firm Silver Lake, Reuters reported Thursday, citing people familiar with the matter.The companies have engaged in recent months, but a deal is not guaranteed, people told the media outlet.Workday did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $214.48, Change: $+39.19, Percent Change: +22.36%
Workday in Talks to be Acquired by Silver Lake, Reuters Reports
(Updates with market moves at the end of the day and the Fed decision.)US stocks slid Wednesday after the Federal Reserve left interest rates unchanged in a divided decision, with some policymakers calling for policy tightening.The Dow Jones Industrial Average tumbled 2.2% to close at 51,594.14 after a three-day advance, while the Nasdaq Composite dropped 1.7% to 24,442.94, extending its losing streak to a sixth day. The S&P 500 shed 1.5% to settle at 7,316.15, its first decline in the past four sessions.Most sectors were in the red, led by industrials, while energy paced the gainers.The US central bank's Federal Open Market Committee maintained the target range for the federal funds rate at 3.50% to 3.75%, marking its fifth consecutive pause. Three regional Fed presidents dissented from the majority at the meeting, with Beth Hammack of Cleveland, Neel Kashkari of Minneapolis and Lorie Logan of Dallas preferring to raise interest rates by a quarter percentage point, the FOMC said Wednesday."With further upside risks stemming from the ongoing conflict overseas, several Fed members appear willing to raise rates, or at least increasingly aware of the dangerous nature of leaving a lower level of policy in place," Stifel said in a note.Treasury yields were mixed, with the two-year rate down 3.7 basis points at 4.24% and the 10-year rate surging 6.7 basis points to 4.67%.In commodities, West Texas Intermediate crude oil increased 6.8% to $84.63 a barrel in late Wednesday afternoon trade, while Brent gained 7.6% to $90.48.President Donald Trump reportedly told Fox News that the US will hit Iran hard after its Revolutionary Guard launched ballistic missiles at US forces.Switching to the corporate sector, VF (VFC) plunged 17% after the apparel and footwear company reported a wider-than-expected fiscal first-quarter loss.Procter & Gamble (PG) fell 1.9%. The consumer goods giant reported weaker-than-expected fiscal fourth-quarter sales and said higher costs could weigh on its fiscal 2027 earnings.Tech stocks were among notable gainers, with Salesforce (CRM) up 3.8%, the top performer on the Dow. Cognizant Technology (CTSH) jumped 11%, the third-best performer on the S&P 500. Workday (WDAY) and Intuit (INTU) also logged gains.Gold rose 0.5% to $4,050.46 per troy ounce, while silver gained 0.1% to $57.57 per ounce.
US benchmark equity indexes fell intraday as traders awaited the Federal Reserve's policy decision and after-hours results from Microsoft (MSFT) and Meta Platforms (META).The Dow Jones Industrial Average was down 1.5% at 51,977.6 after midday Wednesday. The S&P 500 and the Nasdaq Composite fell 0.7% each, to 7,378.4 and 24,698.9, respectively. Most sectors were in the red, with industrials posting the biggest drop.The Federal Open Market Committee will announce its latest decision on interest rates at 2 pm ET. The probability of the central bank leaving its benchmark lending rate unchanged was at about 69% on Wednesday, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool.Fed Chair Kevin Warsh is scheduled to hold a press conference at 2:30 pm."One way or another -- including, perhaps, through dissent - the Fed's emerging tightening bias will find its way into the market today or in the next few days," Macquarie said in a report Wednesday. "That bias may not be clear in the text of today's Statement, but Warsh's presser and the various speeches and appearances by Fed officials in the next few days are likely to solidify a tightening bias that was already evident -- even the FOMC's "doves" -- prior to the blackout period."Microsoft and Meta, among others, report their financials after market close on Wednesday.For Microsoft, analysts are looking for about 15% year-over-year revenue growth in the fiscal fourth quarter, according to the FactSet-polled consensus.Meta is expected to report strong second-quarter results as improvements in advertising performance continue to drive spending by advertisers, Deutsche Bank said in a note Friday.West Texas Intermediate crude oil increased 6.8% to $84.63 a barrel intraday, while Brent gained 7.6% to $90.48.President Donald Trump reportedly told Fox News that the US will hit Iran hard after its Revolutionary Guard launched ballistic missiles at US forces.Treasury yields were higher intraday, with the two-year rate up 5.5 basis points at 4.33% and the 10-year rate rising 4.3 basis points to 4.65%.Elsewhere in the corporate sector, Procter & Gamble (PG) fell 2.7% and was among the worst performers on the Dow. The consumer goods giant reported weaker-than-expected fiscal fourth-quarter sales and said higher costs could weigh on its fiscal 2027 earnings.Tech stocks were among notable gainers intraday, with Salesforce (CRM) up 3.9%, the top performer on the Dow. Cognizant Technology (CTSH) jumped 11%, the second-best performer on the S&P 500. Workday (WDAY) and Intuit (INTU) also logged gains.Gold rose 0.2% to $4,106.20 per troy ounce, while silver gained 1% to $58.11 per ounce.Price: $395.74, Change: $+2.39, Percent Change: +0.61%
Workday (WDAY) faces slowing core growth, while artificial intelligence monetization remains in pilot phase and too early to drive meaningful near-term revenue growth, Morgan Stanley said in a note Tuesday.The investment firm said there is limited visibility into trends in Workday's Human Capital Management, or HCM, and Financial Management, or FINS, segments. HCM growth has slowed to 13% in fiscal 2026, and is expected to decelerate further to 9% in fiscal 2028, Morgan Stanley said.While FINS remains stronger with around 20% growth, overall subscription revenue is projected to grow at a 12% to 13% compound annual growth rate through fiscal 2028, suggesting Workday's overall market share will remain largely unchanged, with HCM losing share as FINS gains, according to the note.Management noted that fiscal Q1 results benefited from the previous quarter's deal slippage, making the sustainability of new annual contract value growth through H2 fiscal 2027 a key area to watch, the firm said."Until adoption moves beyond pilots and targeted deployments, it will be difficult for us and investors to underwrite AI as a near-term growth accelerator," the firm added.Morgan Stanley downgraded Workday to underweight from equal-weight, and cut its price target to $145 from $185.Shares of Workday were down more than 2% in Tuesday trading.Price: $144.11, Change: $-3.12, Percent Change: -2.12%
Workday (WDAY) has an average rating of overweight and mean price target of $169.53, according to analysts polled by FactSet.
David A Duffield, 10% Owner, on July 09, 2026, sold 107,500 shares in Workday (WDAY) for $14,699,057. Following the Form 4 filing with the SEC, Duffield has control over a total of 105,049 Class A common shares of the company, with 105,049 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1327811/000093807126000046/xslF345X05/wk-form4_1783974501.xml
David A Duffield, 10% Owner, on June 30, 2026, sold 107,500 shares in Workday (WDAY) for $13,119,166. Following the Form 4 filing with the SEC, Duffield has control over a total of 105,049 Class A common shares of the company, with 105,049 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1327811/000093807126000042/xslF345X05/wk-form4_1782939741.xml
David A Duffield, 10% Owner, on June 25, 2026, sold 107,500 shares in Workday (WDAY) for $12,426,606. Following the Form 4 filing with the SEC, Duffield has control over a total of 105,049 Class A common shares of the company, with 105,049 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1327811/000093807126000040/xslF345X05/wk-form4_1782764319.xml
Workday (WDAY) has an average rating of overweight and mean price target of $173.56, according to analysts polled by FactSet.
David A Duffield, 10% Owner, on June 17, 2026, sold 107,500 shares in Workday (WDAY) for $13,436,122. Following the Form 4 filing with the SEC, Duffield has control over a total of 105,049 Class A common shares of the company, with 105,049 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1327811/000093807126000035/xslF345X05/wk-form4_1781812933.xml
David A Duffield, 10% Owner, on June 09, 2026, sold 107,500 shares in Workday (WDAY) for $14,869,715. Following the Form 4 filing with the SEC, Duffield has control over a total of 105,049 Class A common shares of the company, with 105,049 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1327811/000093807126000031/xslF345X05/wk-form4_1781222059.xml
David A Duffield, 10% Owner, on June 01, 2026, sold 107,500 shares in Workday (WDAY) for $16,838,803. Following the Form 4 filing with the SEC, Duffield has control over a total of 105,049 Class A common shares of the company, with 105,049 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1327811/000093807126000027/xslF345X05/wk-form4_1780521120.xml
All three major US stock indexes were up in late-morning trading Tuesday, as investors monitor developments between the US and Iran as well as oil price movements.In company news, Nvidia (NVDA) Chief Executive Jensen Huang said Marvell Technology (MRVL) is the next "trillion-dollar company," news outlets reported, citing Huang's appearance at a trade show in Taipei. Nvidia shares were up 0.9%, while Marvell shares were up 29.7%.Amazon-backed (AMZN) Anthropic said Tuesday it is expanding its Project Glasswing program to about 150 new organizations based in over 15 countries, granting them access to Claude Mythos Preview. The partnering organizations use Mythos to scan their codebases for vulnerabilities. So far, the 50 initial partners have found over 10,000 high- or critical-severity security flaws, Anthropic said. Separately, Amazon Web Services will be integrated with Workday (WDAY) Data Cloud, allowing developers to access governed HR and finance data through AWS Ai and analytics tools, Workday said. Amazon shares were down 0.3%, while Workday shares were down 7.1%.Hewlett Packard Enterprise (HPE) reported fiscal Q2 adjusted earnings late Monday of $0.79 per diluted share, up from $0.38 a year earlier and above the FactSet consensus of $0.53. Fiscal Q2 revenue was $10.7 billion, up from $7.63 billion a year ago and above the FactSet consensus of $9.78 billion. For fiscal Q3, the company expects adjusted EPS of $0.88 to $0.93 on revenue of $11.5 billion to $12.1 billion. Analysts polled by FactSet expect $0.58 and $10.9 billion, respectively. For its full-year guidance, the company now expects adjusted EPS of $3.35 to $3.45, up from its prior forecast of $2.30 to $2.50 and above the FactSet consensus of $2.42. Hewlett Packard shares were up 21.5%.Alphabet (GOOG, GOOGL) said Monday it plans to raise $80 billion in equity to help fund investments in AI compute infrastructure, including a $10 billion private placement to Berkshire Hathaway (BRK.A, BRK.B), split evenly between class A common stock at $351.81 per share and class C capital stock at $348.20 per share. Alphabet's class A shares were down 2.3%, while its class C shares were down 2.2%. Berkshire's class A shares were up 0.4%, while its class B shares were up 0.3%.President Donald Trump signed a proclamation on Tuesday lowering the tariffs on agricultural equipment and certain other equipment to 15% from 25%, the White House said. In addition, the existing category of industrial equipment subject to a 15% tariff was expanded to include mobile industrial equipment, like bulldozers and forklifts, "when imported from trade deal countries that are entitled to such treatment," the White House said. The proclamation also allows foreign companies to qualify for a 10% duty rate if their capital equipment includes at least 85% US melted and poured or smelted and cast steel or aluminum by weight, the White House said. The tariff changes will last until Dec. 31, 2027, the White House said. Shares of Deere (DE), Agco (AGCO), CNH Industrial (CNH) and Caterpillar (CAT) were up 5.3%, 6.1%, 10.1% and 4.7%, respectively.IBM (IBM) said Tuesday it plans to invest over $10 billion in quantum computing over the next five years. The investment will go toward research and development, capital expenditure, manufacturing scaling, ecosystem partnerships and M&A, the company said. IBM shares were up 1.1%.Price: $283.09, Change: $+63.66, Percent Change: +29.01%
Workday (WDAY) will integrate its Workday Data Cloud with Amazon Web Services (AMZN), allowing developers to access governed HR and finance data through AWS AI and analytics tools, the company said Tuesday.The integration enables bi-directional, zero-copy access between AWS and Workday's data layer. This is intended to allow customers to use tools like Amazon Bedrock without duplicating data or having to rebuild business logic from scratch, the company said.Workday said its governance, permissions and audit controls will remain embedded across the data environment.Shares of Workday were down nearly 5%, while Amazon shares shed 2.5% in early Tuesday trading.Price: $149.94, Change: $-7.29, Percent Change: -4.64%
Alphabet's (GOOG, GOOGL) Google Cloud and Workday (WDAY) have expanded their partnership to bring artificial intelligence agents for HR and finance into employees' workflows, the two companies said Thursday.The new collaboration integrates the Sana Self-Service Agent from Workday directly into Gemini Enterprise, with Gemini becoming the default AI model inside Sana for Workday, according to a statement.The integration allows employees to use AI agents for HR and finance work without the data leaving Workday's secure environment, the statement said.Sana Self-Service Agent in Gemini Enterprise is currently available in early access for eligible customers, the companies said.Price: $382.92, Change: $-1.91, Percent Change: -0.50%
Workday (WDAY) is facing value compression risks related to pressures on seat-based monetization, BofA Securities said in a note Wednesday.The pressures stem from headcount rationalization, agent-based pricing's traction, and potential issues with contract pricing and duration, the brokerage said, adding that monetization could take time to offset these.Workday, though highly resilient and embedded, is increasingly defending its share rather than gaining it, BofA Securities said, pointing to the company's lack of near-term catalysts.The company maintains a solid position in human capital management, but expansion opportunities in other sectors do not indicate a clear growth inflection as of yet, according to the note.BofA Securities reinstated coverage of Workday with a neutral rating and a $140 price target.Price: $126.09, Change: $+2.07, Percent Change: +1.67%
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