UPDATE: BMO Capital Starts WalkMe Ltd. (WKME) at Outperform

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'Walk Me to the Moon': Wall Street Starts Coverage of WalkMe (WKME) All Positive, Shares Gain

July 12, 2021 7:37 AM EDT

Shares of WalkMe (NASDAQ: WKME) have soared about 4% in pre-open Monday after the company witnessed at least nine major Wall Street firms start their coverage with a Buy or equivalent rating. The stock has not seen any Neutral or Sell ratings so far.

The company behind a customer engagement platform raised $286.75 million after pricing its shares at $31 apiece. In total nine banks were involved in underwriting the deal, led by Morgan Stanley, Goldman Sachs, and Citigroup.

Citi analyst Tyler Radke described the company as a derivative, yet strategic play on digitization/SaaS... More

Needham & Company Starts WalkMe Ltd. (WKME) at Buy

July 12, 2021 5:22 AM EDT

Needham & Company analyst Scott Berg initiates coverage on WalkMe Ltd. (NASDAQ: WKME) with a Buy rating and a price target of $40.00.

The analyst comments "We initiate coverage of WalkMe with a Buy rating and $40 PT. WalkMe is the early leader in the nascent... More

Citi Starts WalkMe Ltd. (WKME) at Buy

July 12, 2021 4:57 AM EDT

Citi analyst Tyler Radke initiates coverage on WalkMe Ltd. (NASDAQ: WKME) with a Buy rating and a price target of $40.00.

The analyst comments "We see Walkme as a derivative, yet strategic play on digitization/SaaS adoption. The companys digital adoption platform helps... More

JMP Securities Starts WalkMe Ltd. (WKME) at Market Outperform

July 12, 2021 1:23 AM EDT

JMP Securities analyst Patrick Walravens initiates coverage on WalkMe Ltd. (NASDAQ: WKME) with a Market Outperform rating and a price target of $39.00.

The analyst comments "We see WalkMe as an attractive opportunity for long-term capital appreciation for several reasons including: 1) its digital adoption platform makes... More

UPDATE: KeyBanc Starts WalkMe Ltd. (WKME) at Overweight

July 12, 2021 1:18 AM EDT

(Updated - July 12, 2021 5:19 AM EDT)

KeyBanc analyst Michael Turits initiates coverage on WalkMe Ltd. (NASDAQ: WKME) with a Overweight rating and a price target of $42.00.

The analyst comments "WalkMes Digital Adoption Platform (DAP) enables non-technical users to build interactive overlays on top of software applications... More

UPDATE: Morgan Stanley Starts WalkMe Ltd. (WKME) at Overweight

July 12, 2021 1:03 AM EDT

(Updated - July 12, 2021 1:27 AM EDT)

Morgan Stanley analyst Josh Baer initiates coverage on WalkMe Ltd. (NASDAQ: WKME) with a Overweight rating and a price target of $41.00.

The analyst comments "Enterprises are making significant software investments to achieve digital transformation... More

UPDATE: Goldman Sachs Starts WalkMe Ltd. (WKME) at Buy

July 12, 2021 12:53 AM EDT

(Updated - July 12, 2021 1:24 AM EDT)

Goldman Sachs analyst Chris Merwin initiates coverage on WalkMe Ltd. (NASDAQ: WKME) with a Buy rating and a price target of $47.00.

The analyst comments "Founded in 2011, WalkMe offers a Digital Adoption Platform to customers, a solution that helps enterprises maximize the ROI of... More