10 Companies That Analysts Just Upgraded

6. Workday, Inc. (NASDAQ:WDAY)

Workday received acknowledgment of its efforts from three different analysts last week. The ERP firm has delivered muted returns in the past 5 years, so the analyst recommendations offer hope to investors that the stock’s fortunes may be about to change.

Deutsche Bank upgraded the stock from Hold to Buy and increased the price target from $265 to $300. The company’s Recruiter Agent, which helps hiring managers streamline their recruitment processes, could drive considerable growth considering its ability to offer agentic AI solutions soon. 30% of the company’s deals in the third fiscal quarter came with AI partners, which shows how the company is actively trying to leverage AI to help businesses manage their operations in a better way.

Barclays mentioned similar optimism around the company’s AI ambitions in light of agentic AI solutions. Meanwhile, Wells Fargo added the company to its list of stocks that could offer above-average growth this year. With over 60% gross margins, expected revenue CAGR of 15% over the next 3 years, and a 4% earnings yield, all-time highs are possibly just around the corner.