WalkMe up as brokerages initiate coverage

Walkme

12/07/2021 13:18

** U.S.-listed shares of Israel-based software publisher co
 WKME.O  up 4.7% at $32.35 premarket - set for a third straight
session of gains
    ** Brokerage Needham starts coverage on stock with "buy";
assigns PT of $40
    ** Says WKME is the early leader in the Digital Adoption
Platform (DAP) space
    ** "We expect a high level of profitability from WKME's
operating model when the co achieves scale and growth slows,"
says Needham
    ** Brokerage Keybanc and Barclays also start coverage with
"overweight" and assign PT of $42 and $40, respectively
    ** WalkMe is re-orienting its go-to-market approach to focus
on expansion with larger customers - Barclays
    ** As of last close, stock had risen ~7% since its June
debut  

    

    
    

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))