Needham Maintains Buy on Workday, Lowers Price Target to $300
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Scott Berg maintains a Buy rating on Workday (NASDAQ:WDAY) but lowers the price target from $350 to $300.
September 18, 2024 | 10:53 am
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Needham analyst Scott Berg continues to recommend buying Workday stock but has reduced the price target from $350 to $300, indicating a more conservative outlook.
The maintained Buy rating suggests continued confidence in Workday's performance, but the lowered price target reflects a more cautious stance on its valuation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100