Barclays analyst Raimo Lenschow downgraded WalkMe to Underweight from Equal Weight with an unchanged price target of $10. After a strong 2023, software “needs to deliver” in 2024 on the promise of artificial intelligence and recovery, the analyst tells investors in a research note. The firm thinks the larger players are better positioned to do so. After a strong year for the shares in 2023 Barclays is downgrading Elastic (Elastic) and Snowflake (SNOW). The firm says seat-based models will continue to struggle, causing its downgrades of Zoominfo Technologies (ZI) and Jamf Holding (JAMF) to Equal Weight and Walkme (WKME) to Underweight.
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Read More on WKME:
- WalkMe Survey Shows Half of Workers Don’t File Expense Reports, Leaving Billions of Dollars on the Table
- WalkMe management to meet with JMP Securities
- WalkMe price target raised to $10 from $9 at Barclays
- WalkMe announces availability of WalkMe DAP on the AWS marketplace
- WalkMe Enhances Customer Access with Availability on AWS Marketplace
