Oppenheimer Maintains Outperform on Workday, Raises Price Target to $275
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Brian Schwartz has maintained an Outperform rating on Workday (NASDAQ:WDAY) and increased the price target from $255 to $275.
November 29, 2023 | 12:54 pm
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Oppenheimer has reaffirmed its Outperform rating on Workday and raised the price target to $275, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Brian Schwartz suggests a strong conviction in Workday's future performance. This typically instills confidence in investors and can lead to a short-term increase in the stock price as market participants react to the positive endorsement.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100