TD Cowen Confident in Workday's (WDAY) Fiscal 2026 Revenue Outlook

Workday, Inc. (NASDAQ:WDAY) ranks among the best software stocks to buy right now. Following the company’s most recent earnings report, TD Cowen confirmed its Buy rating on Workday, Inc. (NASDAQ:WDAY) on August 22 with a price target of $310.

According to TD Cowen, Workday’s organic revenue outlook for fiscal year 2026 remains unchanged, with growth expected to resume in the second half of the year. The firm also stated that macroeconomic conditions are solid beyond the state, local, and education (SLED) sector.

The company noted Workday’s substantial advances in artificial intelligence and stated that additional information on annual recurring revenue (ARR) would be revealed at the company’s analyst day in September. Workday’s announcement of the Paradox acquisition was also brought up by TD Cowen.

Workday, Inc. (NASDAQ:WDAY) is a global leader in enterprise cloud software, focusing on financial and human resource solutions.

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