11 Important AI News and Ratings for Investors

2. Workday, Inc. (NASDAQ:WDAY)

Number of Hedge Fund Holders: 84

Workday, Inc. (NASDAQ:WDAY) offers cloud-based enterprise applications that integrate AI and machine learning for financial, HR, and operational management. Its solutions help businesses streamline processes, gain insights, and improve decision-making through data analytics and automation.

Wolfe Research analyst Alex Zukin raised the price target for Workday (NASDAQ:WDAY) to $320 from $290 while maintaining an Outperform rating on the shares. The firm expressed strong optimism for the software sector going into 2025, highlighting improving business fundamentals, a more relaxed regulatory climate, the growth of artificial intelligence, and a more favorable capital market environment. These factors contribute to the firm’s enthusiasm about the software industry at this time.

RBC Capital has also been bullish on Workday (NASDAQ:WDAY) as the firm raised its price target on Workday to $320 from $300, maintaining an Outperform rating, after meeting with the company’s VP of IR. The firm highlighted peer multiple expansions and shared insights on the demand environment, Workday’s key growth drivers, and management’s FY26 guidance, which includes factors for potential acceleration.