WalkMe price target lowered to $10 from $11.50 at BMO Capital

BMO Capital lowered the firm’s price target on WalkMe to $10 from $11.50 and keeps a Market Perform rating on the shares. The company reported another solid quarter with revenue at the high end of guidance and operating profit and free cash flow well above expectations, and while its customer metrics were mixed, WalkMe is generally executing better in FY24 thus far vs. FY23, the analyst tells investors in a research note.