WalkMe price target raised to $14 from $12 at Wells Fargo

Wells Fargo analyst Michael Berg raised the firm’s price target on WalkMe to $14 from $12 and keeps an Overweight rating on the shares after its Q4 results and guidance. The company’s revenue continues to decelerate, but WalkMe ended FY23 on solid footing, while its initial outlook suggesting re-acceleration on key investments is beginning to “bear fruit” with margin improvement, the analyst tells investors in a research note. Shares of WalkMe may have the “worst behind them”, the firm added.