10 AI Stocks Making Headlines This Week

4. Workday, Inc. (NASDAQ:WDAY)

Number of Hedge Fund Holders: 85

Workday, Inc. (NASDAQ:WDAY) is one of the 10 AI Stocks Making Headlines This Week. On August 13, Cantor Fitzgerald initiates coverage on the stock with an Overweight rating and a price target of $265.00. The rating comes as part of a broader research note launching coverage on select Human Capital Management – HCM – names.

The firm admits that there are major concerns revolving around Workday’s slowing growth, uncertain macroeconomic conditions, and potential AI disruption to the company’s seat-based business model. However, the firm is still optimistic about the software enterprise company.

“While we understand the market’s concerns regarding WDAY’s slowing growth, uncertain macro, and potential AI disruption to WDAY’s seat-based model, we think the market has grown too pessimistic. WDAY is a high-quality asset with a strong management team, entrenched competitive position in the enterprise, expanding growth vectors, and latent margin potential. The stock is trading near its all-time low EPS and FCF multiples, which we see as an attractive entry point with a positively skewed risk/reward ratio.”

Workday, Inc. (NASDAQ:WDAY) provides enterprise cloud applications.