---
title: "Balanced Risk/Reward Keeps Workday at Hold as Brent Thill Raises Price Target from $205 to $225 on Potential Silver Lake Takeout Upside"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296711228.md"
description: "Jefferies analyst Brent Thill maintained a Hold rating on Workday, raising the price target from $205 to $225. The decision reflects a balanced risk/reward profile: potential upside from a Silver Lake takeout is offset by downside risks if no deal occurs. Thill cites strong partner momentum and appropriate revenue growth expectations as supporting factors for the hold stance."
datetime: "2026-08-23T22:15:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296711228.md)
  - [en](https://longbridge.com/en/news/296711228.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296711228.md)
generator: "portal-rs"
---

# Balanced Risk/Reward Keeps Workday at Hold as Brent Thill Raises Price Target from $205 to $225 on Potential Silver Lake Takeout Upside

Jefferies analyst Brent Thill maintained a Hold rating on Workday today and set a price target of $225.00.

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Brent Thill has given his Hold rating due to a combination of factors that balance upside from a potential Silver Lake acquisition with meaningful downside if no transaction occurs. He views a takeout valuation around 5x FY28 revenue and 16x FY28 free cash flow as reasonable versus peers, implying more than 20% upside in a deal scenario, but also estimates roughly 15% downside if Workday continues independently at lower multiples.

Brent Thill’s rating is based on a risk/reward profile he considers evenly matched, despite the stock’s strong 56% gain over the past month and improving partner momentum. His proprietary survey of 20 partners, with 80% tracking at or above plan, supports the view that current subscription revenue growth expectations near 13% are appropriate, leading him to maintain a Hold while revising his price target upward from $205 to $225.

Thill covers the Technology sector, focusing on stocks such as Snowflake, Oracle, and Dynatrace. According to TipRanks, Thill has an average return of 4.2% and a 53.01% success rate on recommended stocks. 

In another report released on August 20, TD Cowen also assigned a Hold rating to the stock with a $220.00 price target.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**