Why Workday's Stock Is A Smart Investment Choice For Growth Investors

There are several long-term reasons investors may be interested in Workday (WDAY). The company addresses some of the largest markets in enterprise software. It estimates its total addressable market ("TAM") as $142 billion but has only captured approximately 5% of its TAM. The company is a first mover in bringing Human Capital Management ("HCM") to the cloud, and some consider it a best-of-breed solution. In October last year, Gartner (IT) named Workday a Leader in the 2023 Gartner® Magic Quadrant™ for Clou ...