Shares of Workday Inc (NASDAQ:WDAY) tanked in early trading on Wednesday, despite the company reporting solid fourth-quarter results.

Here are the key analyst insights:

Guggenheim Securities analyst John DiFucci reiterated a Buy rating, while cutting the price target from $85 to $75.

DA Davidson analyst Lucky Schreiner reaffirmed a Neutral rating, while trimming the price target from $150 to $125.

BTIG analyst Allan Verkhovski reiterated a Buy rating, while slashing the price target from $230 to $175.

Rosenblatt Securities analyst Robert Simmons maintained a Buy rating, while lowering the price target from $180 to $150.

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

Check out other analyst stock ratings.

Guggenheim Securities: Workday reported total revenues of $2.532 billion, beating consensus of $2.52 billion. "By our estimates, New ACV (annual contract value) declined 8% y/y, representing a significant decline in business momentum measured on a 2-year stack basis, and in our view is reflective of deal delays called out by management," DiFucci said

The company lowered its subscription revenue guidance for the first quarter of fiscal 2027 to 13.4% year-on-year growth, from its prior outlook of about 14%. This means new ARR would ...