Workday shares hit $180 low after 40% fall from February 2024 peak

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Workday shares fell to $180, the lowest since May 2023, after a 40% plunge from their February 2024 peak. The sustained decline signals rising investor skepticism toward the company’s valuation.

1. Workday Partners with Joveo to Launch Design Approved Integration

Workday has expanded its recruiting ecosystem through a newly Design Approved integration with Joveo’s AI-led job advertising platform. More than 35 Workday Recruiting customers have already activated the integration, which automates job distribution to optimal boards, social channels and search engines. By unifying recruitment marketing signals, application flow metrics and hiring-stage data, talent teams gain real-time insights on campaign performance from impression to hire. Early adopters report up to a 25% reduction in recruitment media spend and a 15% improvement in time-to-hire since implementing Joveo’s automated bid and budget optimization.

2. CEO Carl Eschenbach Calls AI a Tailwind for Workday

In an interview with CNBC, Workday Chief Executive Carl Eschenbach emphasized that artificial intelligence represents a ‘tailwind’ rather than a headwind for the enterprise software provider. He cited Workday’s decade-long relationships with more than 9,500 global customers as a differentiator in deploying AI solutions. Eschenbach noted that AI features already integrated into Workday Financial Management and Human Capital Management modules have driven a 30% increase in usage of predictive analytics tools among existing clients since mid-2025.

3. Investor Sentiment Bolstered by Recent Share Declines

Investor interest in Workday has surged following a roughly 40% decline from its February 2024 high, bringing valuations to multi-year lows not seen since May 2023. Several equity research firms have upgraded their outlooks, citing Workday’s strong revenue growth—up 18% year-over-year in the most recent quarter—and expanding operating margins. Institutional buying in the past month has pushed trading volumes 20% above the six-month average, signaling increased confidence that the current pullback represents a buying opportunity.

Sources

YIG