12 Best Tech Stocks to Buy According to Hedge Funds

3. Workday, Inc. (NASDAQ:WDAY)

Average Analyst Upside: 22.3%

Number of Hedge Fund Holders: 76

Market Cap: $61.11 billion

Workday, Inc. (NASDAQ:WDAY) is one of the best tech stocks to buy according to analysts. On August 22, Oppenheimer analyst Brian Schwartz maintained an Outperform rating on human capital-related Cloud provider Workday, Inc. (NASDAQ:WDAY), while trimming its price target from $300 to $270. The updated price target came one day after the company reported its Q2 Fiscal Year 2026. The stock has been very choppy since the earnings results. However, the price target implies an upside of nearly 18% from the market price of $228.89, as of September 2.

Schwartz noted that the company reported in line Q2 results and cited strong AI bookings and momentum in industries, but cautioned that the guidance second half of the year was “uninspiring”. He also noted that the beat was of small magnitude.

Schwartz also noted that the company’s organic revenue guidance is weaker than 90 days ago. He cited “group” multiple compression for the target cut.

The company’s revenue stood at $2.34 billion in fiscal Q2, a 12.5% year-over-year growth, which is a deceleration from the 17% growth it saw in the previous fiscal year. Meanwhile, Workday’s EPS was $2.21 per share for the quarter, a 4.5% surprise.