BofA Securities Reiterates Buy Rating on Workday (WDAY)

BofA Securities analyst Brad Sills reiterated a Buy rating and $310.00 price target on Workday (NASDAQ: WDAY).

The analyst comments "We attended the Workday Rising conference and analyst day in Las Vegas today (9/17). Workday is doubling down on AI, launching a platform, dubbed Illuminate, for embedding agents into key HCM and FINS offerings. We believe this further positions Workday as a key innovator in ERP, the second largest enterprise applications category ($59 billion TAM according to Gartner) that sits on top of Workday’s native data warehouse, Prism. The combined offering provides a differentiated enterprise-class approach to AI via leveraging 1) the collective data of existing LLMs, 2) data partitioning for governance purposes, and 3) context for vertical industries and businesses. See page 3 for detailed discussion on newly announced AI offerings."

For an analyst ratings summary and ratings history on Workday click here. For more ratings news on Workday click here.

Shares of Workday closed at $248.12 yesterday.

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