Jim Cramer’s Game Plan: 13 Stocks in Focus

1. Workday, Inc. (NASDAQ:WDAY)

Number of Hedge Fund Holders: 84

Cramer said that Workday, Inc. (NASDAQ:WDAY) is easy and called it a winner. Here’s what he had to say:

“After the close, we have some big tech names reporting, including some that we own for the Charitable Trust. CrowdStrike, Dell Technologies, Workday. I think we might see these go 3, 4, 3… Workday: easy. It’s enterprise software and suddenly the world loves enterprise software as much as they hated enterprise software earlier in the year. Workday was there early. It’s a winner in the human resources and financial spaces within the enterprise.”

Workday (NASDAQ:WDAY) offers cloud-based enterprise applications that help businesses manage financial, HR, spending, planning, and supply chain operations, with solutions for analytics, reporting, and custom app development. It has been increasingly utilized by city and county governments across the United States. According to a recent announcement by the company, these governments are adopting its AI-powered platform to enhance workforce diversity and make data-driven financial decisions.

Workday (NASDAQ:WDAY) has also focused on expanding its capabilities through acquisitions, further positioning itself for growth. In September, the company entered into a definitive agreement to acquire Evisort, a leading provider of AI-native document intelligence solutions. This acquisition aligns with its vision to integrate AI technologies more deeply into its platform. With the addition of Evisort’s AI-driven document intelligence capabilities, the company plans to enrich its finance and HR offerings.

The integration is expected to allow customers to extract and automate data from documents quickly and accurately, thereby streamlining operations and enabling more informed business decisions. Alerts and insights powered by AI will also help improve decision-making processes across the board. The acquisition is expected to close in the third quarter of the company’s fiscal year 2025, ending on October 31, 2024.

While we acknowledge the potential of Workday, Inc. (NASDAQ:WDAY) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than WDAY but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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