WalkMe price target raised to $13 from $10.50 at BMO Capital

BMO Capital analyst Keith Bachman raised the firm’s price target on WalkMe to $13 from $10.50 and keeps an Outperform rating on the shares. The company’s initial FY23 revenue growth guidance was below expectations but also calls for profit and free cash flow to improve throughout the year, the analyst tells investors in a research note. WalkMe is now in a position to at least meet its initial revenue guide for the year versus mixed results in prior years, the firm added.