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Workday (WDAY) - Get Workday, Inc. Class A Report  shares are down double digits after RBC Capital analysts cut their price target on the human-resources cloud-application platform to $212 from $225 while affirming the stock outperform.

After the Pleasanton, Calif., company's analyst day on Tuesday, RBC said Workday presents a "durable" growth story. But RBC sees that growth slowing as penetration into larger accounts slows. 

The new price target still represents a potential upside of 17% from the stock's Tuesday closing price of $180.96.

Workday shares at last check on Wednesday were trading down 11% at $160.63. 

Meanwhile, analysts at Macquarie said in a note that "several new products" at Workday "may be difficult to monetize."

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Macquarie has a neutral rating and $196 price target on WDAY. 

Analysts at Citi see international and mid-market growth as keys to the company's future, but the firm also says these are "lower confidence sources of growth." 

Citi also rates the stock neutral, with a $192 price target. 

And Jefferies has a hold rating and $188 price target on Workday due to valuation concerns. 

Investors can find "more attractive software-as-a-service stories out there growing at the same rate and with better margin profiles," the firm said.