Workday: A Rare SaaS Value Buy In A Market Priced For Perfection

Workday trades at compressed valuations with limited downside, offering a compelling value Buy opportunity despite recent growth deceleration concerns. Gross margins remain strong and could improve further, while mission-critical HR/payroll positioning ensures high customer stickiness and resilience. Growth headwinds stem from TAM saturation and slower adoption in financials, but AI enhancements, vertical expansion, and strategic acquisitions offer upside potential.