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Wajeeh Khan

KeyBanc Just Downgraded Workday Stock. Here's Why.

Workday Keybanc Jason Celino WDAY Artificial Intelligence Barchart

Workday (WDAY) shares are slipping on Friday after KeyBanc questioned how quickly the firm’s artificial intelligence (AI) investments would deliver meaningful revenue. Analyst Jason Celino downgraded the enterprise software company to “Sector Weight.”

Note that Workday stock has been in a sharp uptrend in recent months, currently trading some 68% above its price in late June.

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