10 Best Large Cap Tech Stocks to Buy Now

4. Workday Inc. (NASDAQ:WDAY)

Market Cap: $59.0 Billion

Potential Upside: 35%

Number of Hedge Fund Holders: 85

Workday Inc. (NASDAQ:WDAY) is one of the best large-cap tech stocks to buy now. Workday stands out as a market leader in cloud-based finance, HR, planning, and analytics solutions, addressing a vast $160 billion total addressable market. With more than 11,000 global customers across over 175 countries, including over 60% of the Fortune 500, its scale and entrenched enterprise relationships create strong competitive moats.

The company is executing on a disciplined growth strategy, targeting FY26 (FY ends in January) subscription revenues of $8.8 billion, representing an 18% CAGR from FY22 levels. Profitability is improving in tandem, with adjusted operating margins projected to expand to 28.5% in FY26, up 560 basis points since FY22. Gross revenue retention rates remain exceptionally high, underscoring the stickiness of Workday’s solutions.

Recently reported Q1 FY26 results highlight this momentum: subscription revenue grew 13.4% year-over-year, with a 30.2% adjusted operating margin, an improvement of 437 basis points. In addition, operating cash flow rose 23% to $457 million, and free cash flow surged 44.6%. To top it all, the $24.6 billion total subscription backlog (+19.1% YoY in Q1) provides strong visibility into future growth.