I'm Not a Buyer of Workday (WDAY), Says Jim Cramer

We recently published 10 Stocks Jim Cramer Talked About.  Workday Incorporated (NASDAQ:WDAY) is one of the stocks Jim Cramer talked about.

Workday Incorporated (NASDAQ:WDAY) is a software company that provides financial management, planning, and other applications. The shares are down by 47% over the past year and by 35% year-to-date. BTIG discussed the firm on February 10th. It reduced the share price target to $230 from $285 and kept a Buy rating on the shares. The firm discussed Workday Incorporated (NASDAQ:WDAY)’s AI strategy and pointed out that it could require the firm to make more investments. A day before, Oppenheimer also discussed the firm as it maintained an Outperform rating. The financial firm outlined that Workday Incorporated (NASDAQ:WDAY) could benefit from the appointment of its new CEO, Aneel Bhusri, in the form of smoother navigation through the software industry’s AI challenges. However, following the CEO’s appointment, Stifel cut Workday Incorporated (NASDAQ:WDAY)’s share price target to $175 from $235 and commented that the firm’s fiscal 2027 guidance could lag estimates. Cramer also tweeted about the new CEO:

“I’m not a buyer of WDAY but lets hope that Aneel Bhusri tells someone, anyone that Anthropic uses WDAY for the same things everyone else does.”

While we acknowledge the potential of WDAY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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