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Workday Inc. (NASDAQ:WDAY) is one of the 11 best debt-free stocks to invest in right now. On June 11, William Blair analyst Jake Roberge reiterated a Buy rating on Workday, reflecting his continued confidence in the company’s growth outlook. While no specific price target was provided, the analyst pointed to several drivers behind his positive stance.
Roberge believes Workday is well positioned in the current macroeconomic landscape, as interest in AI-driven enterprise tools continues to grow. He pointed to recent product launches such as Recruiter Agent, Extend Pro and Evisort, noting that early signs of adoption suggest growing interest and support the case for near-term uptake and longer-term revenue growth.
Roberge also pointed to Workday’s growing traction in the financial services space, where it is competing against larger legacy providers such as SAP and Oracle. He believes continued momentum here could help the company gradually chip away at market share.
He further noted that an uptick in new customer activity and encouraging trends in current remaining performance obligations (cRPO) suggest healthy underlying demand. In his view, these signs indicate that Workday is building a solid pipeline, which should support ongoing business expansion.
Workday Inc. (NASDAQ:WDAY) provides cloud-based enterprise software for human capital management (HCM), financial management, and planning applications.
While we acknowledge the potential of WDAY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: Harvard University Stock Portfolio: Top 10 Stock Picks and 20 Undervalued Momentum stocks that are Taking Off.
Disclosure: None. This article is originally published at Insider Monkey.
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