13 Best Depressed Stocks to Buy Right Now

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3. Workday, Inc. (NASDAQ:WDAY)

Market Price: $207.91

52-week Low: $199

Number of Hedge Fund Holders: 64

Workday, Inc. (NASDAQ:WDAY) is one of the Best Depressed Stocks to Buy Right Now. On January 12, Barclays reduced the firm’s price objective on the company’s stock to $275 from $280, while keeping an “Overweight” rating, as reported by The Fly. The firm adjusted its ratings and price objectives in the broader software group. This was done as part of its 2026 outlook.

Notably, the firm sees a favorable setup for software in 2026. The analyst believes that macro and IT spending remain stable, with stock valuation levels remaining low. Also, the sector is out of favor.

On January 11, Goldman Sachs assumed coverage of Workday, Inc. (NASDAQ:WDAY)’s stock with a “Neutral” rating and a price objective of $238. According to the firm, AI adoption will be a positive tailwind to the broader software total addressable market over the upcoming 10 years. Also, the analyst opines that Workday, Inc. (NASDAQ:WDAY)’s next phase of share gains might be more difficult to achieve.

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

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