WalkMe price target raised to $11 from $9.50 at BMO Capital

BMO Capital analyst Keith Bachman raised the firm’s price target on WalkMe to $11 from $9.50 and keeps a Market Perform rating on the shares. WalkMe is continuing to execute on its strategy of improving profitability during a challenging economic backdrop, having a delivered non-GAAP operating profit for the first time, the analyst tells investors in a research note. The company’s management also said customer compression improved in Q3 vs Q2, and key customer metrics like DAP customer growth improved, the firm added.