Workday Shares Rise as CNBC Says Take-Private Financing Talks Are Still Alive
CNBC’s David Faber said people close to talks are more optimistic a Workday take-private could still happen as financing work continues.
CNBC’s David Faber said people close to talks are more optimistic a Workday take-private could still happen as financing work continues.
Workday shares fall as BTIG and Deutsche Bank cut ratings from Buy after Silver Lake buyout rumors. Valuation concerns hit the recent rally.
Talks are ongoing as Workday shares fall amid AI concerns.
Morgan Stanley downgraded Salesforce, Workday, Intuit, SPS Commerce, Rapid7, PagerDuty, Wix, Vertex, and Nice, citing slow AI revenue growth and legacy business weakness. Price targets cut sharply.
Workday shares jumped after beating Q1 estimates. Returning CEO Aneel Bhusri said AI agents more than doubled as the company raised its full-year margin outlook.
U.S. President Donald Trump disclosed hundreds of millions in stock trades in Q1 2026 — heavy buys in Nvidia, Microsoft, Adobe, ServiceNow and more during the tech selloff.