Management Matters, Says Jim Cramer When Discussing Workday (WDAY)
We recently published 10 Stocks Jim Cramer Talked About. Workday Incorporated (NASDAQ:WDAY) is one of the stocks Jim Cramer talked about.
Financial management and planning software provider Workday Incorporated (NASDAQ:WDAY)’s shares are down by 48% over the past year and by 35% year-to-date. Baird discussed the firm on February 25th as it cut the share price target to $190 from $195 and kept an Outperform rating. The coverage followed after Workday Incorporated (NASDAQ:WDAY)’s fourth quarter results, and in the period, the firm brought in $2.53 billion in revenue and $2.47 in adjusted earnings and beat analyst estimates. However, Workday Incorporated (NASDAQ:WDAY)’s fiscal first quarter guidance of $2.335 billion in subscription revenue and 30.5% in adjusted operating margin fell short of analyst estimates. Earlier in the month, BTIG also commented on the software company as it reduced the share price target to $230 from $285 and maintained a Buy rating. The financial firm outlined that Workday Incorporated (NASDAQ:WDAY)’s AI strategy required hefty investments. Cramer discussed the firm’s management:
“No, but I will say this. You know, the executive who is back running Workday. . .is a pro. And I think that people will take his call and they’ll take his stuff. And he does matter, management does matter, you need seasoned managers.”
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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