[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio92788135":3},{"user":4,"document":8,"mainDocument":26,"columnUrl":29,"subscription":30,"footer":42,"text":77},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":22,"videoId":6,"liveVideoUrl":6,"duration":23,"price":23,"priceText":24,"priceBadgeText":24,"priceBadgeClass":25,"freeForMinGroupLevel":23,"redirectUrl":6,"readyToStream":5},"dcio92788135","AI投资加大压制盈利率预期-Workday(WDAY)遭华尔街下调目标价","\u002Fdoc\u002Fdcio92788135","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp> \u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">美股投资网获悉，周三美股早盘，Workday(WDAY)股价一度下挫约9%，主要因公司最新业绩指引显示订阅收入与经营利润率低于市场预期。多位分析师指出，下调指引的核心原因在于Workday加大对生成式人工智能(GenAI)与“代理式(Agentic)AI” 的投入，以拓展更大的潜在市场空间。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">摩根士丹利分析师Keith Weiss在报告中表示，Workday看到了通过代理式解决方案进一步自动化企业工作流的巨大机会，尤其是由公司自研代理带来的更深度、更一体化功能，长期来看更具防御性。“我们的战略判断是，核心的财务与人力资源系统最不容易被GenAI颠覆，而模型与代理能力的扩展将显著扩大可自动化工作的范围，既有厂商在将这些解决方案有效推向市场方面具备明显优势。”摩根士丹利维持对Workday的“与大盘持平”评级，但将目标价从200美元下调至185美元。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">在周二晚间的业绩电话会上，Workday联合创始人兼首席执行官 neel Bhusri明确反驳了“AI将取代企业管理软件”的市场叙事。Bhusri本月早些时候重返CEO岗位。他强调，人力资源与企业资源计划系统是高度复杂、必须具备绝对准确性与合规性的“记录系统”，不可能被“概率性”的AI简单替代。“薪资发放不能有概率结果，必须100%准确、100%按时完成。”他指出，未来在于确定性的企业应用与概率性的AI结合，从而重塑基于提示的用户体验、显著提升流程自动化与执行能力，并产出更深入的AI洞察。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Jefferies 则重申“持有”评级，并将目标价从150美元下调至115美元。Jefferies分析师认为，Workday正进入新一轮AI投资周期，但 FY27年约30%的经营利润率指引仅意味着40个基点的扩张，订阅收入增速也被下调至12%-13%，AI贡献预计要到下半年才会加速。该机构表示，在看到更明确、可持续的利润率改善之前，仍将保持观望。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">与此同时，BTIG维持对Workday的“买入”评级，但将目标价从230美元下调至175美元。BTIG指出，尽管FY27年有机订阅增长指引隐含约200个基点的放缓，在市场愈发关注长期价值的背景下，其对Workday的AI路径“边际上更为乐观”。公司计划通过分层计费的消耗模式，围绕Flex Credits对自研及第三方代理的API调用进行变现，并强调同业将无法在不付费的情况下继续把Workday作为底层“记录系统”使用。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">同业表现方面，Workday竞争对手SAP SE(SAP)股价基本持平；提供云端人力资本管理解决方案的甲骨文(ORCL)与微软(MSFT)分别上涨2.6%和0.7%。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">最专业的美股资讯推荐美股大数据 \u003Ca href=\"https:\u002F\u002FStockwe.com\u002F\">https:\u002F\u002FStockwe.com\u002F\u003C\u002Fa>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">如何识别美股市场异常波动？美国机构主力资金买卖情况，出货和吸筹，使用美股投资网VIP会员，2008年成立于美国硅谷，由前纽约证券交易所分析师Ken创立，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化模型，建立了一个股市数据库 \u003Ca href=\"https:\u002F\u002FStockWe.com\u002F\">https:\u002F\u002FStockWe.com\u002F\u003C\u002Fa> 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buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 StockWe.com 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理千万级股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，精准买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":78,"search":79,"searchPlaceholder":79,"hotContent":80,"draft":81,"noData":82,"searchNoData":83,"edit":84,"editVideo":85,"courseContent":86,"more":87,"buyNow":88,"subscribeNow":89,"encoding":90,"paidContent":91},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","编辑","编辑视频","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]