Stifel Maintains Hold on Workday, Raises Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Brad Reback has maintained a Hold rating on Workday (NASDAQ:WDAY) and increased the price target from $230 to $250.
November 29, 2023 | 4:49 pm
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Stifel analyst Brad Reback has reaffirmed a Hold rating on Workday, but raised the price target from $230 to $250, indicating a potential upside from the current trading level.
The increase in price target by Stifel suggests a positive outlook on Workday's stock performance in the short term. While the Hold rating does not suggest a strong buying signal, the raised target implies that the analyst sees some upside potential in the stock, which could lead to a positive investor sentiment and a potential increase in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100