Workday, Inc. (NASDAQ:WDAY) is one of the Trending AI Stocks on Wall Street. On August 22, RBC Capital analyst Rishi Jaluria reiterated an Outperform rating on the stock with a $340.00 price target following the company’s modest Q2 beat.
Even though the company reported a modest beat, it only reiterated subscription revenue guidance (excluding Paradox), which led to shares falling down after hours.
Nevertheless, the firm is encouraged by early artificial intelligence adoption tends and the momentum with partner network.
“Modest Top-line Beat; Mixed Guide; Workday reported a modest Q2 beat but only reiterated subscription revenue guidance (ex-Paradox), leading shares down ~4% after-hours. Q1 outperformance was roughly in-line w/ recent trends and largely driven by modest subscription revenue outperformance. cRPO topped street estimates for the third consecutive quarter, showing signs of stabilization. Management walked up FY26 operating margin guidance by 50 bps, calling for 310 bps YoY expansion. Finally, we remain encouraged by early AI adoption trends and momentum with the partner network.”
Workday, Inc. (NASDAQ:WDAY) provides enterprise cloud applications.
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