13 Most Promising QQQ Stocks According to Hedge Funds

8. Workday, Inc. (NASDAQ:WDAY)

Analyst Upside: 44.48%

Number of Hedge Fund Holders: 63

Goldman Sachs began covering Workday, Inc. (NASDAQ:WDAY) on January 12 with a Neutral rating and a $238 price target. In comparison to its software-as-a-service competitors, Goldman Sachs analyst Gabriela Borges highlights several significant issues that the company faces.

The firm claims that Workday’s core human capital management market is smaller and more crowded than the enterprise resource planning and customer relationship management categories, which could limit growth from market gains associated with the SaaS switch.

Additionally, the firm notes that Workday’s AI plan “has taken longer to crystallize,” with 2026 being a critical year for updating its core technology stack and integrating recent acquisitions, including Sana.

However, Goldman Sachs sees the possibility of a more favorable picture through 2026, highlighting Workday’s efforts to boost its AI positioning, which may deliver stable and increasing revenue growth above 13-14%.

Workday, Inc. (NASDAQ:WDAY) is a technology company that provides cloud-based software (SaaS) for businesses to manage their finance and human resources functions, including financial management, human capital management (HCM), planning, and payroll.