Morgan Stanley Maintains Overweight on Workday, Lowers Price Target to $330
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Keith Weiss maintains an Overweight rating on Workday (NASDAQ:WDAY) but lowers the price target from $335 to $330.

February 27, 2024 | 4:11 pm
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NEUTRAL IMPACT
Morgan Stanley maintains an Overweight rating on Workday but lowers the price target from $335 to $330.
The adjustment in price target by a prominent analyst like Keith Weiss from Morgan Stanley, while maintaining an Overweight rating, suggests a continued positive outlook on Workday but with a slightly moderated growth expectation. This could lead to a neutral short-term impact on the stock as the market digests the slight reduction in the price target against the backdrop of an overall positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100