15 AI News Stories Shaking Up Wall Street

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6. Workday, Inc. (NASDAQ:WDAY)

Market Capitalization: $68.74 billion

Workday, Inc. (NASDAQ:WDAY) provides enterprise cloud applications. The company is a strong AI play, having integrated artificial intelligence in its platform to automate, analyze and personalize tasks and workflows.

On November 13, Bank of America Securities analyst Bradley Sills reiterated a “Buy” rating on Workday, Inc. (NASDAQ:WDAY) and set a price target of $310.00. The company’s growth potential and consistent performance in key areas have led to the buy rating. Moreover, the company has had stable deal activity in the US, with its Human Capital Management (HCM) offering demonstrating steady growth. Its financial segment has also shown mid-market strength, and its Illuminate AI platform is viewed as a distinguishing factor against competitors such as SAP and Oracle. Sills notes a potential for Q3 results improvement and a strong Q4 pipeline despite some weakness in Europe. The optimism mainly comes from Workday’s leading position in cloud and AI, justifying the Buy rating.

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