Workday agrees to acquire C1.ai: UBS cuts Workday stock target to USD 210

Published on 10/18/2026 at 13:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The transaction is expected to close by January 31, 2027, subject to conditions. Stifel sets a USD 175 target for Workday stock on October 15, 2026.

Acquisition and analyst targets

Workday signed the C1.ai acquisition agreement on October 13, 2026.
Workday reported USD 2.649 billion in second-quarter fiscal 2027 revenue.
UBS set a USD 210 target for Workday on October 14, 2026.
Workday expects the acquisition to close by January 31, 2027.

WDAY, US98138H1014, Illustration mit AI erstellt.

Workday (US98138H1014) signed an agreement to acquire C1.ai on October 13, 2026, while UBS cut its price target from USD 220 to USD 210. The target change was reported by MarketBeat on October 14, 2026.

Acquisition adds identity controls

According to Workday, C1.ai will add identity governance for people and artificial intelligence agents across enterprise systems. The transaction is expected to close in the fourth quarter of fiscal 2027, ending January 31, 2027, subject to customary conditions.

The release says Workday serves more than 11,500 organizations, including more than 65 percent of the Fortune 500. Financial terms were not disclosed in the October 13 announcement, so the deal's direct earnings contribution cannot yet be measured.

What does the deal change?

C1.ai connects access controls with employee and agent lifecycle events, extending Workday's Agent System of Record beyond registration to permissions. That gives the acquisition a strategic link to Workday's existing HR, finance and IT platform rather than adding a separate software category.

Three dates and operating figures

On August 27, 2026, Workday reported second-quarter fiscal 2027 revenue of USD 2.649 billion, up 12.8 percent year over year, according to Workday. On October 5, 2026, Investing.com reported that Needham maintained a Buy rating and a USD 230 target. On October 13, 2026, Workday announced the C1.ai agreement.

What comes next for Workday?

The next dates are November 25, 2026, for the expected third-quarter fiscal 2027 filing, and January 31, 2027, the end of fiscal fourth quarter when the acquisition is expected to close, according to TickerScout and Workday.

Euro quote stays dated

The euro quote from Tradegate stood at EUR 170.02 on October 16, 2026 at 10:58 a.m. CEST. Workday's primary listing is on Nasdaq, where the October 16, 2026 quote was USD 190.81 at 4:00 p.m. ET, with a market capitalization of USD 46.0 billion.

The further course of trading is shown by the continuously updated real-time quote of Workday stock.