Workday (WDAY)’s AI Push and Margin Beat Lead to $250 Price Target

We recently published a list of 10 AI Stocks on Wall Street’s Radar. In this article, we are going to take a look at where Workday, Inc. (NASDAQ:WDAY) stands against other AI stocks on Wall Street’s radar.

Workday (WDAY)’s AI Push and Margin Beat Lead to $250 Price Target

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Workday, Inc. (NASDAQ:WDAY) provides enterprise cloud applications. On May 23, DA Davidson raised the firm’s price target on the stock to $250 from $230 and kept a “Neutral” rating on the shares. The rating update follows Workday’s in-line Q1 results and 220bps margin beat. The company is significantly investing in growth. Additionally, it is working harder to become a leader in managing AI agents based on its experience in human capital management.

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Disclosure: None. This article is originally published at Insider Monkey.