+6%

est. 2Y upside i

DevOps & Infra

Rank

#3280

Sector

Enterprise Cloud Applications

Est. Liquidity

~0Y

Data Quality

Data: High

Workday is a profitable, established enterprise cloud application leader with a strong competitive moat, but it faces challenges from slowing growth (13% YoY for FY26, 12-13% guidance for FY27 subscription revenue) and concerns about AI disruption.

Last updated: March 10, 2026

Bull (25%)+75%

Workday's aggressive AI agent strategy and strong customer base drive accelerated adoption of new AI-powered solutions, capturing significant market share from legacy systems and expanding its TAM. This pushes subscription revenue growth back to 18-20% YoY, justifying a valuation of $66.5 billion (75% upside) as it solidifies its position as a leader in AI-driven enterprise cloud applications.

Base (50%)+20%

Workday maintains its strong market position in HCM and financial management, achieving its guided 12-13% subscription revenue growth by successfully navigating competitive pressures and integrating AI features. Steady execution and continued profitability lead to a modest valuation increase to $45.6 billion (20% upside) over two years, aligning with analyst expectations for stable performance.

Bear (25%)-35%

Intensified competition from incumbents like Oracle and SAP, coupled with disruptive AI tools from new entrants, leads to further slowing of large enterprise deals and pricing pressure. Workday's growth decelerates to single digits, and concerns over AI monetization impact investor confidence, resulting in a valuation decline to $24.7 billion (-35% downside).

Est. time to liquidity~0.0 years

Preference Stack Risk

low

Funding Intensity

1%

Investors hold $352 million in total funding, which represents only 0.93% of the current $38.0 billion valuation, indicating a very low preference stack risk for common shareholders.

Dilution Risk

moderate

As a public company, dilution primarily stems from stock-based compensation, though aggressive share repurchases ($2.9 billion in FY26) help mitigate this.

Secondary Liquidity

active

Workday is publicly traded on NASDAQ (WDAY), offering active liquidity for vested equity.

View all 18 open roles at Workday →

Last updated: February 18, 2026

Questions to Ask at the Interview

Strategic questions based on Workday's data — designed to show you've done your homework.

  • 1

    “Given the recent cautious guidance for FY27 subscription revenue and delayed large enterprise deals, how is Workday adapting its sales strategy to accelerate deal cycles and address economic uncertainties?”

  • 2

    “Workday is emphasizing its 'agentic AI' strategy, with significant ACV growth from emerging AI products. How does this approach differentiate Workday from competitors like SAP and Oracle, and what specific metrics will demonstrate its impact on customer value and revenue growth over the next two years?”

  • 3

    “With the recent CEO transition and workforce restructuring, how is Workday ensuring employee morale and retaining top talent, particularly in critical product development and customer-facing roles, and what are the long-term implications for the company's culture and innovation?”

Community

Valuation Sentiment

Our model estimates +6% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.