Morgan Stanley Maintains Overweight Rating for Workday: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Overweight rating for Workday (NASDAQ:WDAY) and increased its price target from $250.00 to $260.00. Workday's shares are currently trading up 3.76% at $233.31 per share. A move to $260.00 would represent an 11.44% increase from the current share price.
August 25, 2023 | 5:00 pm
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Morgan Stanley has maintained its Overweight rating for Workday and raised its price target. This could potentially lead to an increase in Workday's stock price.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. Morgan Stanley's decision to maintain an Overweight rating and raise the price target for Workday suggests a positive outlook for the company, which could potentially lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100