15 AI Stocks Taking Wall Street by Storm

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5. Workday, Inc. (NASDAQ:WDAY)

Number of Hedge Fund Holders: 84

Workday, Inc. (NASDAQ:WDAY) provides enterprise cloud applications. The Workday platform is built with AI to help customers elevate people, supercharge work, and move their business forward.

On November 27, Goldman Sachs analyst Kash Rangan lowered the price target on Workday, Inc. (NASDAQ:WDAY) to $300.00 from $305.00 and maintained a “Buy” rating on the stock. The firm notes a slight dip in Workday’s Q4 growth due to delayed large-deal revenue recognition and compression in 1Q25 from leap-year comparisons. Nevertheless, it remains cautiously optimistic that the macro environment will improve. Additionally, Workday’s AI products are also gaining traction, with 30% of third-quarter customer expansions incorporating AI solutions. This has in turn led to reduced turnover and boosted selling prices. Even though delayed revenue recognition was unexpected, it is expected to drive long-term benefits. The analyst also added that stable growth and margin improvements can lead to a positive re-rating of the stock.

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