We recently published a list of 10 AI Stocks Making Waves This Week. In this article, we are going to take a look at where Workday, Inc. (NASDAQ:WDAY) stands against other AI stocks that are making waves this week.
Workday, Inc. provides enterprise cloud applications. On May 21, Needham analyst Scott Berg reiterated a “Buy” rating and $300.00 price target on the stock. Berg expects revenue and EPS to beat forecasts despite some late-quarter turbulence impacting cRPO growth. Besides a few large deals being delayed, demand for Workday’s offerings remained stable throughout the quarter. This is why it is quite likely that cRPO growth may land at the higher end of guidance.
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The firm further expects the management to present a consistent outlook for the fiscal year during the upcoming earnings call on May 22nd, backed by favorable overall pipeline activity. Workday’s operating margin guidance appears conservative, and there may be upside in the company’s operating margin outlook. The firm also anticipates further investments in artificial intelligence (AI) functionalities. Investors are going to be looking at Workday’s earnings print, with a particular focus on its evolving strategy following the recent introduction of six new agentic solutions.
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This article is originally published at Insider Monkey.
