Citigroup Maintains Neutral on Workday, Raises Price Target to $270
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Enders has maintained a Neutral rating on Workday (NASDAQ:WDAY) but increased the price target from $236 to $270. This adjustment reflects a more optimistic valuation of Workday's stock by Citigroup.
November 29, 2023 | 12:29 pm
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Citigroup has maintained a Neutral rating on Workday but raised the price target from $236 to $270, indicating a potential upside based on Citigroup's analysis.
The increase in price target from Citigroup is a positive signal for investors, suggesting that the analyst sees more value in the stock than previously estimated. While the rating remains Neutral, the higher price target could lead to increased investor confidence and a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
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