Baird Maintains Outperform on Workday, Lowers Price Target to $265
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Mark Marcon maintains an Outperform rating on Workday (NASDAQ:WDAY) but lowers the price target from $316 to $265.
May 24, 2024 | 12:10 pm
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NEUTRAL IMPACT
Baird analyst Mark Marcon maintains an Outperform rating on Workday but lowers the price target from $316 to $265. This suggests confidence in the company's long-term prospects despite a more conservative short-term outlook.
The Outperform rating indicates continued confidence in Workday's performance, but the lowered price target reflects a more cautious short-term outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100