Loop Capital Maintains Hold on Workday, Raises Price Target to $255
Portfolio Pulse from Benzinga Newsdesk
Loop Capital has maintained a Hold rating on Workday (NASDAQ:WDAY) while raising the price target from $240 to $255, indicating a positive outlook on the stock.
August 23, 2024 | 12:17 pm
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Loop Capital has maintained a Hold rating on Workday but increased the price target from $240 to $255, suggesting a positive outlook on the stock.
The increase in price target from $240 to $255 by Loop Capital suggests a positive outlook for Workday, which could lead to a short-term increase in stock price. However, the Hold rating indicates that the analyst does not see a strong enough reason to upgrade the stock to a Buy, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100