B of A Securities Maintains Buy on Workday, Lowers Price Target to $260
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Brad Sills has maintained a 'Buy' rating on Workday (NASDAQ:WDAY) but lowered the price target from $275 to $260.
September 28, 2023 | 10:17 am
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Workday's price target has been lowered from $275 to $260 by B of A Securities, though the 'Buy' rating is maintained.
The lowering of the price target could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100