Shares of Workday Inc (NASDAQ:WDAY) tanked in early trading on Wednesday, even after the company reported upbeat third-quarter earnings.

Here are some key analyst takeaways:

RBC Capital Markets analyst Rishi Jaluria maintained an Outperform rating, while reducing the price target from $340 to $320.

KeyBanc Capital Markets analyst Jason Celino reiterated an Overweight rating, while cutting the price target from $285 to $260.

Citizens JMP Securities analyst Patrick Walravens maintained a Market Outperform rating and price target of $315.

Guggenheim Securities analyst John DiFucci reiterated a Neutral rating and price target of $285.

Needham analyst Scott Berg reaffirmed a Buy rating and price target of $300.

Check out other analyst stock ratings.

RBC Capital Markets: Workday reported revenues of $2.432 billion and non-GAAP earnings of $2.32 per share. That’s higher than consensus of $2.415 billion and $2.17 per share, respectively.

"We remain encouraged by early AI adoption trends and momentum with the partner network," Jaluria said in a note.

Although the company raised its full-year revenue guidance by more than the ...