Workday shares are trading lower after the company reported Q1 financial results. Also, Piper Sandler and Keybanc lowered their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
Workday shares are trading lower after the company reported Q1 financial results. Additionally, Piper Sandler and Keybanc have lowered their price targets on the stock.
May 24, 2024 | 11:25 am
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Workday shares are trading lower following the release of their Q1 financial results. Piper Sandler and Keybanc have also lowered their price targets on the stock.
The decline in Workday's share price is directly linked to the company's Q1 financial results, which likely did not meet market expectations. The lowered price targets from Piper Sandler and Keybanc further indicate a negative outlook from analysts, contributing to the downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100