10 Best SaaS Stocks to Buy According to Analysts

8. Workday, Inc. (NASDAQ:WDAY)

Average analyst upside: 27.34%

Number of Hedge Fund Holders: 85

Workday, Inc. (NASDAQ:WDAY) is one of the best SaaS stocks to buy according to analysts. Workday, Inc. (NASDAQ:WDAY) has recently introduced a new AI developer toolset, designed to provide enterprise developers with greater flexibility in building and integrating intelligent applications within its platform. Unveiled at the company’s annual developer conference, the toolset includes an Agent Gateway that allows for interaction between Workday’s AI agents and third-party systems, AI Widgets that enable customized workflows, and expanded APIs for natural-language queries and document classification. Workday also introduced enhancements to its Developer Copilot and command-line tools, making it easier for teams to deploy and manage AI features efficiently.

The move marks a significant step in Workday’s effort to deepen its footprint in the enterprise AI space, at a time when demand is growing for solutions that automate and personalize business operations. Rather than relying solely on pre-built applications, customers can now tailor AI capabilities more precisely to their own organizational needs, strengthening the platform’s appeal across HR and finance functions.

From an investor perspective, the stock has shown resilience but remains in a consolidation phase. Currently trading around $233, Workday is well off its highs but continues to attract attention thanks to its steady growth and strong product roadmap. While it may not offer immediate upside, the company’s focus on long-term innovation makes it a name to watch in the evolving enterprise software landscape.