Workday Stock Sinks After Lowering Long-Term Outlook, Should Investors Be Worried?

2023-09-28 3

Workday, Inc. (NASDAQ:WDAY) shares dipped 10.1% to $207.61 in pre-market trading after the company reduced its subscription revenue growth guidance at an investor presentation. Piper Sandler maintained Workday with an Overweight and lowered the price target from $288 to $275.