UPDATE: Morgan Stanley Reinstates WalkMe Ltd. (WKME) at Equalweight

June 7, 2022 3:32 AM EDT
Get Alerts WKME Hot Sheet
Price: $8.35 --0%

Rating Summary:
    6 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 16 | New: 15
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(Updated - June 7, 2022 5:29 AM EDT)

Morgan Stanley analyst Josh Baer reinstates coverage on WalkMe Ltd. (NASDAQ: WKME) with a Equalweight rating and a price target of $113.00.

The analyst comments "After disappointing Q1 results – ARR miss, deals pushed, unchanged ~(30%) FY22 op margin guidance – we put our rating/model under review pending Analyst Day scheduled after earnings. While WKME screens inexpensive on EV/S/G, we see modest upside at current levels given margin profile & risks."

For an analyst ratings summary and ratings history on WalkMe Ltd. click here. For more ratings news on WalkMe Ltd. click here.

Shares of WalkMe Ltd. closed at $9.67 yesterday.

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