Barclays Maintains Overweight on Workday, Lowers Price Target to $316
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow has maintained an Overweight rating on Workday (NASDAQ:WDAY) but has lowered the price target from $326 to $316.

February 27, 2024 | 2:44 pm
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Barclays has maintained its Overweight rating on Workday but reduced the price target from $326 to $316.
While the maintenance of an Overweight rating suggests continued confidence in Workday's fundamentals and growth prospects, the reduction in the price target could reflect minor concerns or adjustments in valuation models. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the positive rating against the slightly lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100