Workday outlines AI growth plan: Mizuho sets USD 210 target for Workday stock

Published on 10/15/2026 at 13:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Workday's AI portfolio nears USD 600 million in annual recurring revenue. Workday stock costs EUR 169.19 on October 15, 2026 as fiscal 2028 targets hold.

AI monetization meets operating scale

Workday's AI portfolio approached USD 600 million in annual recurring revenue on October 14, 2026.
Fiscal second-quarter revenue reached USD 2.649 billion, up 12.8 percent year over year.
Workday stock trades at EUR 169.19 at 1:42 p.m. CEST at Lang & Schwarz on October 15, 2026.

WDAY, US98138H1014, Illustration mit AI erstellt.

Workday (US98138H1014) outlined its AI expansion plan at its October 14, 2026 Analyst Day, while Investing.com reported that Mizuho reiterated an Outperform rating and a USD 210.00 price target. The event put AI monetization ahead of a new financial target as the central question for the software company.

AI revenue reaches a new scale

Workday said its AI agents and broader AI portfolio were approaching USD 600 million in annual recurring revenue on October 14, 2026, more than three times the level discussed a year earlier, according to MarketBeat. Nearly 900 customers had purchased at least one agent during the preceding twelve months, while 17 agents were in production.

Management maintained its fiscal 2028 subscription-revenue growth expectation at 11 percent and its non-GAAP operating-margin target above 33 percent. That combination makes adoption quality as important as product launches: the company needs AI usage to widen customer spending without weakening its operating model.

Three dates frame the transition

On February 24, 2026, Workday reported fiscal 2026 revenue of USD 9.552 billion, up 13.1 percent year over year, according to Ticker Scout. On August 27, 2026, fiscal second-quarter revenue reached USD 2.649 billion, up 12.8 percent, according to MarketBeat. On October 14, 2026, Analyst Day placed USD 600 million of AI annual recurring revenue and the 11 percent fiscal 2028 subscription target at the center of the strategy.

What does the target signal?

Mizuho's USD 210.00 target and Outperform rating, reiterated after the October 14, 2026 event, point to AI monetization as the main valuation test. The same report said investors still needed clearer visibility into the timing and scale of revenue reacceleration, creating a measurable counterweight to Workday's product expansion.

Next filing date

Ticker Scout lists November 25, 2026 as the expected date for Workday's next fiscal third-quarter filing.

Stock holds the market reference

Workday's primary listing is on Nasdaq, where the stock was last quoted at USD 188.77 on October 14, 2026 in pre-market data. Its market capitalization was USD 49.4 billion on that date, while the 52-week range was USD 110.36 to USD 247.40. The euro quotation offers German investors a separate trading reference.

Workday stock was trading at EUR 169.19 at Lang & Schwarz on October 15, 2026 at 1:42 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Workday stock.