11 Best Long-Term Tech Stocks to Buy According to Analysts

Page 8 of 11

4. Workday, Inc. (NASDAQ:WDAY)

5-year Revenue Growth: ~17.2%

Average Upside Potential: ~45.3%

Number of Hedge Fund Holders: 64

Workday, Inc. (NASDAQ:WDAY) is one of the Best Long-Term Tech Stocks to Buy According to Analysts. On January 20, the company announced its plans to invest CA$1 billion in Canada over the next 5 years. This highlights Workday, Inc. (NASDAQ:WDAY)’s commitment to growth in Canada, including plans to further develop local tech talent and strengthen local customer support.

The announcement comes at a time when the Canadian government is focused on advancing its “Canada Strong” agenda, emphasizing responsible AI as well as domestic capability-building as national priorities. Workday, Inc. (NASDAQ:WDAY)’s CEO added that with the focus on redefining ERP for the AI era, the multi-year investment would help shape Canada’s digital future.

On January 12, Barclays reduced its price objective on Workday, Inc. (NASDAQ:WDAY)’s stock to $275 from $280, while keeping an “Overweight” rating. Notably, the firm adjusted its ratings and price targets for the broader software group in line with its 2026 outlook.

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

Page 8 of 11