Stockchase Opinions

Jim Cramer - Mad Money Workday WDAY-Q COMMENT Nov 13, 2020

A cloud stock that automates the back office. It's tough to figure out because its software that automates human resources and finance is too complex for most American investors. But it's a well-run company. It reports Thursday.
$222.000

Stock price when the opinion was issued

0
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BUY
They reported a few weeks ago. Enterprise spending is not slowing. Their HR management software is based in the cloud and will continues revenue growth in coming years.
DON'T BUY
The weakest industry is anything connected to cloud computing. It's been taking market share, but it could tough for them to top their last great quarter. They report this week.
BUY

It reports Monday. Is restructuring through layoffs. WDAY is growing, but if it can accelerate growth, then its shares will roar.

BUY

It reports Monday. This SAAS company has finally broken out of the pack and left behind its inconsistent quarters.

TOP PICK

Project management in the cloud. Skewed to accounting and HR (aka Human Capital Management). Interestingly, each of the Magnificent 7 has Workday's HCM software. Best in class for human resources. In both categories, bringing on generative AI add-ons to automate routine tasks. No dividend.

(Analysts’ price target is $315.38)
WAIT

This part of enterprise isn't working these days. Wait another quarter to see how WDAY does.

COMMENT

It reports Tuesday. Was downgraded this week on fears of softer sales. If this is reported, then shares will go down.

PAST TOP PICK
(A Top Pick Mar 20/24, Down 8%)

He targets $312.50. They use Agentic AI well, like a quarterback to underline their software services. Likes it.

DON'T BUY

It faces a lot of competition. Also, the market doesn't want to own Salesforce.