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The Weekly Buzzing Stocks by Billy Kawasaki Workday WDAY-Q TOP PICK May 25, 2023

Workday, Inc., is an American on-demand financial management and human capital management software vendor. Workday was founded by David Duffield, founder and former CEO of ERP company PeopleSoft, and former PeopleSoft chief strategist Aneel Bhusri following Oracle's hostile takeover of PeopleSoft in 2005.

$194.860

Stock price when the opinion was issued

0
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BUY
They report Thursday and many say the company has trouble closing deals. But he expects they will have a good quarter.
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.