Workday Stock Plunges as Company Lowers Revenue Growth Outlook

Workday lowered its outlook for subscription revenue growth through fiscal 2027 at an analyst day, causing its stock to plunge.
WDAY now expects subscription revenue growth of 17-19% in the next 3 years, down from a previous target of 20%.
Workday has a new CFO, Zane Rowe, and will soon transition to a sole CEO model under Carl Eschenbach.
At a customer conference, Workday touted opportunities in AI and international expansion.
Technically, WDAY stock fell below its 50-day moving average, a bearish signal, though it still has a high Relative Strength Rating.

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