Barclays Maintains Overweight on Workday, Raises Price Target to $274
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow has maintained an Overweight rating on Workday (NASDAQ:WDAY) and increased the price target from $249 to $274, indicating a positive outlook on the company's stock.
November 29, 2023 | 11:44 am
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Barclays analyst Raimo Lenschow has reaffirmed an Overweight rating on Workday and raised the price target to $274, suggesting confidence in the company's future performance.
The increase in price target by a major financial institution like Barclays typically signals a strong conviction in the company's growth prospects and financial health. This can often lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100