Baird notes that Salesforce (CRM) and Workday (WDAY) announced a strategic partnership with plans to combine Salesforce’s new Agentforce Platform and Einstein AI with Workday’s platform and Workday AI. The firm believes the partnership makes strategic sense as both companies have been innovating in the AI space for some time, and both have expressed interest in bringing AI agents to market and integrating AI into their workflows. Cross marketing will certainly improve and the benefits of using both together will provide competitive differentiation, Baird adds. The firm also notes that the partnership marks a tightening of the relationship between Workday and Salesforce, reinforcing their shared goals and customer base. Baird has an Outperform rating on Workday with a price target of $256 on the shares.
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