Earnings Loom for Workday (WDAY), Six New AI Agents Draw Attention

We recently published a list of 10 AI Stocks Making Waves This Week. In this article, we are going to take a look at where Workday, Inc. (NASDAQ:WDAY) stands against other AI stocks that are making waves this week.

Workday, Inc. (NASDAQ:WDAY) provides enterprise cloud applications. On May 21, Needham analyst Scott Berg reiterated a “Buy” rating and $300.00 price target on the stock. Berg expects revenue and EPS to beat forecasts despite some late-quarter turbulence impacting cRPO growth. Besides a few large deals being delayed, demand for Workday’s offerings remained stable throughout the quarter. This is why it is quite likely that cRPO growth may land at the higher end of guidance.

The firm further expects the management to present a consistent outlook for the fiscal year during the upcoming earnings call on May 22nd, backed by favorable overall pipeline activity. Workday’s operating margin guidance appears conservative, and there may be upside in the company’s operating margin outlook. The firm also anticipates further investments in artificial intelligence (AI) functionalities. Investors are going to be looking at Workday’s earnings print, with a particular focus on its evolving strategy following the recent introduction of six new agentic solutions.

Overall, WDAY ranks 5th on our list of AI stocks that are making waves this week. 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 AI stock that is more promising than WDAY and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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