BlackRock’s 30 Most Important AI Stocks Right Now

28. Workday Inc. (NASDAQ:WDAY)

Weight in ARTY ETF: 0.86%

Number of Hedge Fund Holders: 63

Workday Inc. (NASDAQ:WDAY) is one of BlackRock’s 30 most important AI stocks right now. BlackRock is the largest institutional holder in the company, owning approximately 20.08 million shares, or slightly over 12.8% of the outstanding shares, as of March 31, 2026, per the filings. The stake was worth around $2.5 billion.

Workday Inc. (NASDAQ:WDAY) has been among the casualties of the “AI is the death of software” narrative, with its share price declining more than 43% year to date.

However, there have been pockets of optimism in the market that this narrative might not apply uniformly across the software sector, and some stocks may have been overly penalized. This view has gained traction in recent weeks.

One such example is the analysts at Monness, Crespi, Hardt & Co., who on June 24 upgraded their rating on Workday Inc. (NASDAQ:WDAY) to Buy from Neutral, with a price target of $150. The analysts believed that the company now trades at a depressed valuation. A quick look at data from Yahoo Finance shows that the stock trades at a forward P/E of ~12.0, a substantial discount to the broader market.

Monness analysts also highlighted Workday Inc.’s (NASDAQ:WDAY) strong margin profile and its robust cash flow generation as reasons to turn bullish on the name.

Before Monness, analysts from Oppenheimer and JPMorgan also reiterated their Buy ratings on the stock.

The consensus appears even more positive towards Workday Inc. (NASDAQ:WDAY), with the 1-year median price target of $165 reflecting an over 33% potential upside. That said, slightly more than half of the analysts covering the stock are recommending a Buy rating, with the rest assigning a Hold rating.

Workday Inc. (NASDAQ:WDAY) delivers enterprise cloud applications for financial management, human capital management, and data analytics. Its financial management capabilities include financial processing, consolidation, internal control, audits, and analytics. The company facilitates end-to-end human capital management functions that include hiring, onboarding, training, and payments for employees.