Barclays Maintains Overweight on Workday, Lowers Price Target to $249
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow has maintained an Overweight rating on Workday (NASDAQ:WDAY) but lowered the price target from $262 to $249.
September 28, 2023 | 10:10 am
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Workday's price target has been lowered by Barclays from $262 to $249, though the Overweight rating is maintained.
The news of Barclays lowering the price target for Workday could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Overweight rating indicates that Barclays still sees the stock as a good investment, which could counterbalance the negative sentiment to some extent.
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IMPORTANCE 80
RELEVANCE 100