Oppenheimer Maintains Outperform on Workday, Lowers Price Target to $320
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Brian Schwartz maintains an Outperform rating on Workday (NASDAQ:WDAY) but lowers the price target from $350 to $320.
May 15, 2024 | 3:42 pm
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NEUTRAL IMPACT
Oppenheimer maintains an Outperform rating on Workday but lowers the price target from $350 to $320, indicating confidence in the company's performance despite a more conservative price outlook.
The maintained Outperform rating suggests continued confidence in Workday's performance, but the lowered price target reflects a more cautious outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100