Workday (WDAY) Climbs 7.2% on Bargain-Hunting

We recently published The 10 Biggest Winners in a Bloody Market. Workday Inc. (NASDAQ:WDAY) was one of the best performers on Tuesday.

Workday rallied for a second day on Tuesday, surging 7.16 percent to finish at $143.61 apiece as investors appeared to have hunted for bargains.

This followed the stock’s 24 percent drop in the month of February and as much as 38 percent fall in just the first two months of the year, thanks to an investment firm’s rating downgrade for certain software stocks, including Workday Inc. (NASDAQ:WDAY).

Last week, Jefferies issued a “hold” rating for Workday Inc. (NASDAQ:WDAY), versus “buy” previously, while raising concerns about the company’s “execution risks” as well as Aneel Bhusri’s return as chief executive.

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Apart from Workday Inc. (NASDAQ:WDAY), Jefferies also downgraded other software stocks such as DocuSign, Monday.com, and Freshworks.

Last week, the company announced a 32 percent jump in its net income for the full fiscal year 2026, at $693 million versus $526 million a year earlier, while revenues jumped by 13 percent to $9.5 billion from $8.4 billion year-on-year.

In the fourth quarter alone, net income surged by 54 percent to $145 million from $94 million, while revenues climbed by 13.6 percent to $2.5 billion from $2.2 billion.

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