Shares of WalkMe Ltd. (NASDAQ:WKME – Get Rating) gapped up before the market opened on Tuesday . The stock had previously closed at $7.72, but opened at $8.23. WalkMe shares last traded at $8.42, with a volume of 456 shares traded.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on WKME shares. Barclays downgraded WalkMe from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $15.00 to $9.00 in a report on Tuesday, October 18th. The Goldman Sachs Group reduced their target price on WalkMe from $16.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday. BMO Capital Markets reduced their target price on WalkMe from $14.00 to $10.50 in a report on Wednesday. Finally, Morgan Stanley reduced their target price on WalkMe from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, WalkMe has an average rating of “Moderate Buy” and a consensus target price of $14.69.
WalkMe Price Performance
The firm has a 50 day moving average of $8.59 and a two-hundred day moving average of $10.06.
Institutional Trading of WalkMe
WalkMe Company Profile
WalkMe Ltd. provides cloud-based digital adoption platform in the United States and internationally. Its digital adoption platform enables organizations to measure, drive, and act to maximize the impact of their digital transformation and accelerate the return on their software investment. The company was formerly known as Make Tutorial Ltd.
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