Tiger Global’s 15 Long-Term Stock Picks

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6. Workday, Inc. (NASDAQ:WDAY)

Number of Hedge Fund Holders: 84 

Workday, Inc. (NASDAQ:WDAY) markets enterprise cloud applications and is headquartered in California. Wells Fargo analyst Michael Turrin recently raised the price target on the stock to $330 from $300 and kept an Overweight rating on the shares. The advisory notes that on December 6, it was announced that Workday will be included in the S&P 500, after months of investor debate and market consideration. Wells believes this represents a tactical opportunity in the stock as sentiment begins to trend upward.

Workday, Inc. (NASDAQ:WDAY) has constantly featured in the 13F portfolio of Tiger Global for three years and makes it to the list of long term stock picks of the fund. At the end of the third quarter of 2024, Tiger Global owned over 1.8 million shares in the company worth close to $460 million, representing 1.96% of the portfolio. Tiger Global first bought shares in the company back in 2012, but sold off that stake within months of buying it. Since late 2019, however, it has consistently maintained a stake in the enterprise cloud application company.

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