Morgan Stanley Maintains Overweight on Workday, Lowers Price Target to $315
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained its Overweight rating on Workday (NASDAQ:WDAY) but has lowered the price target from $325 to $315.
August 23, 2024 | 11:24 am
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NEUTRAL IMPACT
Morgan Stanley has maintained its Overweight rating on Workday but reduced the price target from $325 to $315, indicating a slightly less optimistic outlook.
The maintenance of the Overweight rating suggests continued confidence in Workday's performance, but the lowered price target indicates a slightly reduced expectation for its stock price. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100