Top 8 AI News Updates on Wall Street’s Radar

2. Workday Inc. (NASDAQ:WDAY)

Number of Hedge Fund Holders: 89

Workday Inc. (NASDAQ:WDAY) provides an AI platform to help organizations manage finances and human resources more efficiently for higher work productivity and better business outcomes.

On March 31st, Jefferies trimmed the company’s 12-month stock price target on Workday Inc. (NASDAQ:WDAY) to $325 from $350 but reiterated its “Buy” rating on the shares. The brokerage said it is reducing price targets across its US software coverage to reflect recent multiple compression amid early hints of weakening macro factors impacting deals across the technology sector. Analysts said they believe “we may have another ‘mullet’ year in software” with H1 chop followed by H2 flow. Jefferies said didn’t lower estimates “yet” as it awaits Q1 checks while highlighting that recent guidance levels were set for no material improvement and that the current uncertainty means “investors are waiting on the sidelines to assess the impact.”