WalkMe Stock (NASDAQ:WKME), Trade Ideas

WalkMe

WalkMe Ltd is the defining solution enabling organizations to realize the value of software investments. It is a cloud-based digital adoption platform, users employees and customers of organizations can navigate websites, SaaS applications, and mobile apps through a digital, GPS-like experience to accomplish any task from simple, online transactions, to complex cross-application software processes, to fully autonomous experiences that require no manual clicks or entries. Substantial revenue is derived from the United States.

News

Price Target

Small Cap

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

ARVN

ATSG

DKNG

FNKO

WKME


	Wells Fargo raised the price target for  Stanley Black &amp; Decker, Inc.  (NYSE: SWK) from $85 to $90. Wells Fargo analyst Joe O&#39;Dea maintained an Equal-Weight rating. Stanley Black &amp; Decker shares rose 3% to $88.04 in pre-market trading.


Warner Bros. Discovery To Rally Around 62%? Here Are 10 Other Analyst Forecasts For Monday

Reiteration

Tech

Needham analyst Scott Berg reiterates WalkMe Ltd (NASDAQ: WKME) with a Buy 

WalkMe&#39;s Second Downsizing Of 2023: Analyst Expects Improved Operating Margins, Long-Term Growth

WalkMe&#39;s Focus On Enterprise Customer Will Drive Profitability, Analyst Says

WalkMe Ltd

Offerings

Arbor Realty Trust Entered Into An Equity Distribution Agreement With Arbor Realty Limited Partnership And Citizens JMP Securities As Sales Agent; Under Equity Distribution Deal, Co May Offer & Sell Up To 30M Shares Of Common Stock From Time To Time In At Market Offerings

Guidance

UPS Expects Fuel Surcharge Rev To Increase In Q2, Primarily Due To Volume Growth And Impact Of Higher Surcharge Modifiers; Sees Q2 Earnings To Be Lower Relative To 2023, Primarily Due To Higher Labor Costs Associated With First Year Of Teamsters Contract; Anticipate A Return To Operating Profit Growth During The Second Half Of 2024

Newbury Street Acquisition Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBST#NASDAQ">NBST</a>, the ", Company", )))) announced today that it received a letter dated April 24, 2024, from the Listing Qualifications Department The Nasdaq Stock Market LLC, indicating that the Company was not in compliance with Nasdaq listing rule 5250(c)(1), which requires the timely filing of all required periodic financial reports with the Securities and Exchange Commission. The required filing in question is the Company's Annual Report on Form 10-K for the year ended December 31, 2023 (the "Form 10-K").
The delay in filing the Form 10-K is related to the Company requiring additional time to finalize the financial statements for the fiscal year ended December 31, 2023, as referenced in the recent filing of Form 12b-25. The Company expects to file the Form 10-K in the near future.

NBST

Newbury Street Acquisition Corporation Announces Receipt Of Nasdaq Letter, Indicating That The Company Was Not In Compliance With Nasdaq Listing Rule 5250(c)(1)

LGIH

LGI Homes Announced It Closed 505 Homes In April 2024; As Of April 30, 2024, The Company Had 127 Active Selling Communities

American Oncology Network ("AON" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AONC#NASDAQ">AONC</a>), a rapidly growing network of community-based oncology practices, announced today that Dave Gould will step down as Chief Financial Officer, effective May 17, 2024, to pursue other opportunities. AON has appointed David Afshar, a seasoned public company executive, to fulfill the responsibilities of interim Chief Financial Officer, effective May 20, 2024. AON has initiated a process for a new Chief Financial Officer. &nbsp;
Afshar is an experienced Chief Financial Officer with strong financial, operations and administrative experience in high-performing environments. He has over 25 years of experience in healthcare services, beginning in public accounting and progressing to Chief Financial Officer.
Afshar is seasoned in both private equity-backed and public company environments and has a thorough understanding of key stakeholder needs, including public and private equity shareholders, physician shareholders, lenders and rating agencies. He has served as the Chief Financial Officer at companies from $300 million in revenue to over $1.8 billion. This includes companies with operations in over 300 locations across the country in pediatric and adult home healthcare, long-term acute care, and multi-specialty physician practices.
"I'd like to thank Dave for his contributions to our team and business over the last several years, where he played a meaningful role in helping us achieve the important milestone of becoming a public company. We appreciate his support and wish him the best in his future endeavors," said Todd Schonherz, AON Chief Executive Officer. "Our shared focus at AON remains unchanged: providing best-in-class cancer care to patients in their local communities. We remain confident in our strategic plans and the significant growth opportunities ahead of us, and I look forward to working closely with David to ensure a smooth transition."

Management

AONC

American Oncology Network Announces Dave Gould Will Step Down As Chief Financial Officer, Effective May 17, 2024; AON Has Initiated A Process For A New CFO

DA Davidson analyst Linda Bolton Weiser maintains 1-800-Flowers.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLWS#NASDAQ">FLWS</a>) with a Neutral and lowers the price target from $9.5 to $9.

FLWS

DA Davidson Maintains Neutral on 1-800-Flowers.com, Lowers Price Target to $9

DA Davidson analyst Linda Bolton Weiser maintains WW International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WW#NASDAQ">WW</a>) with a Buy and lowers the price target from $12.5 to $6.

DA Davidson Maintains Buy on WW International, Lowers Price Target to $6

TD Bank Group ("TD" or the "Bank") (TSX: TD), (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TD#NYSE">TD</a>), today made the following statement related to media reports about its anti-money laundering (AML) program:
"Criminals relentlessly target financial institutions to launder money and TD has a responsibility and an obligation to thwart their illegal activity," said Bharat Masrani, Group President and Chief Executive Officer, TD Bank Group. "I regret that there were serious instances where the Bank's AML program fell short and did not effectively monitor, detect, report or respond. This is unacceptable and not in line with our values. As we have previously said, these matters are not in any way related to TD's good faith dealings with our customers."
A comprehensive overhaul of TD's U.S. and global AML program is well underway. TD has already invested over $500 million in program remediation and platform enhancements.
The Bank has:
<ul>
<li>Hired recognized AML executives with proven leadership from across the private and public sectors.</li>
<li>Onboarded hundreds of new AML professionals, with deep expertise in program design, oversight, and execution.</li>
<li>Deployed new enterprise-wide training and onboarding programs to improve program performance and consistency.</li>
<li>Made significant investments in new technology, processes, and controls to enhance oversight across the enterprise, which have resulted in heightened account monitoring and mandatory reviews, accelerated escalations and new activity prohibitions.</li>
</ul>
"Our efforts have resulted in tangible improvements, with more work ahead.&nbsp; We continue to cooperate closely with our regulators to accelerate our progress and meet our obligations," said Masrani.

Legal

TD Addresses Media Reports About Its Anti-Money Laundering Program; CEO Bharat Masrani Says "I Regret That There Were Serious Instances Where The Bank's AML Program Fell Short And Did Not Effectively Monitor, Detect, Report Or Respond. This Is Unacceptable And Not In Line With Our Values. As We Have Previously Said, These Matters Are Not In Any Way Related To Td's Good Faith Dealings With Our Customers"

UBS analyst Kevin Mcveigh maintains Thomson Reuters (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRI#NYSE">TRI</a>) with a Buy and raises the price target from $177 to $190.

UBS Maintains Buy on Thomson Reuters, Raises Price Target to $190

UBS analyst Michael Lasser maintains Floor &amp; Decor Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FND#NYSE">FND</a>) with a Neutral and lowers the price target from $135 to $125.

UBS Maintains Neutral on Floor & Decor Hldgs, Lowers Price Target to $125

UBS analyst John Hodulik maintains Digital Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLR#NYSE">DLR</a>) with a Neutral and raises the price target from $143 to $147.

UBS Maintains Neutral on Digital Realty Trust, Raises Price Target to $147

UBS analyst Dennis Geiger maintains Wendy's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEN#NASDAQ">WEN</a>) with a Neutral and raises the price target from $20 to $21.

UBS Maintains Neutral on Wendy's, Raises Price Target to $21

UBS analyst Taylor McGinnis maintains Five9 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) with a Buy and lowers the price target from $90 to $81.

FIVN

UBS Maintains Buy on Five9, Lowers Price Target to $81

UBS analyst Roger Boyd maintains Cloudflare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) with a Sell and lowers the price target from $88 to $76.

UBS Maintains Sell on Cloudflare, Lowers Price Target to $76

UBS analyst Dennis Geiger maintains Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) with a Neutral and raises the price target from $110 to $115.

SHAK

UBS Maintains Neutral on Shake Shack, Raises Price Target to $115

UBS analyst Chris Kuntarich maintains GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) with a Neutral and raises the price target from $118 to $130.

GDDY

UBS Maintains Neutral on GoDaddy, Raises Price Target to $130

Citigroup analyst Jon Tower maintains Wendy's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEN#NASDAQ">WEN</a>) with a Neutral and raises the price target from $20 to $21.

Citigroup Maintains Neutral on Wendy's, Raises Price Target to $21

Citigroup analyst Paul Diamond maintains Northern Oil &amp; Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOG#NYSE">NOG</a>) with a Buy and lowers the price target from $55 to $50.

Citigroup Maintains Buy on Northern Oil & Gas, Lowers Price Target to $50

Citigroup analyst David Hoang maintains Neurocrine Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBIX#NASDAQ">NBIX</a>) with a Neutral and raises the price target from $140 to $150.

NBIX

Citigroup Maintains Neutral on Neurocrine Biosciences, Raises Price Target to $150

Citigroup analyst Jon Tower maintains Texas Roadhouse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXRH#NASDAQ">TXRH</a>) with a Buy and raises the price target from $178 to $183.

TXRH

Citigroup Maintains Buy on Texas Roadhouse, Raises Price Target to $183

The software industry is rapidly evolving to meet the rising demand for digital transformation across various industries, increasing cybersecurity concerns, and mobile app development. Hence, investors could buy quality software stocks CCC Intelligent Solutions Holdings (CCCS), RingCentral (RNG), and WalkMe (WKME) this month. Read on… Sustained demand for software products and services amid digital transformation initiatives across several industries, growing cybersecurity concerns, and the e-commerce boom are driving the growth of the software market. Gartner forecasts <a href="https://www.gartner.com/en/newsroom/press-releases/01-17-2024-gartner-forecasts-worldwide-it-spending-to-grow-six-point-eight-percent-in-2024">worldwide software spending</a> to grow 12.7% year-over-year to exceed $1.03 trillion in 2024.
With the industry's promising outlook, investors could consider investing in the top software stocks CCC Intelligent Solutions Holdings Inc. (<a href="https://stocknews.com/stock/CCCS/">CCCS</a>), RingCentral, Inc. (<a href="https://stocknews.com/stock/RNG/">RNG</a>), and WalkMe Ltd. (<a href="https://stocknews.com/stock/WKME/">WKME</a>) this month.
The U.S. software industry is expanding rapidly due to increased digital transformation efforts across industries, driving demand for solutions in AI, cloud computing, and cybersecurity. Growing cybersecurity threats and the adoption of edge computing are major drivers, offering opportunities for software providers to meet evolving business needs.
The <a href="https://www.marknteladvisors.com/research-library/us-software-market.html">U.S. software market</a> is estimated to grow at a CAGR of 7.2% during the forecast period from 2024 to 2030.
Besides, the SaaS market is booming globally due to the increased adoption of cloud-based solutions and investments in advanced technologies like AI and IoT. Key players are expanding through mergers, acquisitions, and new launches to meet rising demand across various regions. The global SaaS market is expected to grow at a <a href="https://www.globenewswire.com/news-release/2023/12/13/2795383/0/en/With-18-7-CAGR-SaaS-Market-Size-to-Surpass-USD-908-21-Billion-by-2030.html">CAGR of 18.7%</a> to reach $908.21 billion by 2030.
In recent times, the application development software market has been thriving due to rising demand for tailored solutions, fast mobile app development, agile methodologies, widespread cloud adoption, and the emergence of <a href="https://savvycomsoftware.com/blog/top-software-development-trends/">low-code/no-code platforms</a>, driving innovation and efficiency in businesses.
The global application development software market is projected to grow at a <a href="https://www.verifiedmarketresearch.com/product/application-development-software-market/#:~:text=Application%20Development%20Software%20Market%20size%20was%20valued%20at%20USD%20208,the%20forecast%20period%202024%2D2030.">CAGR of 14.7% to reach $543.60 billion by 2030</a>.
Considering these encouraging market trends, let's discuss the fundamentals of three top software stock picks: CCCS, RNG, and WKME.
CCC Intelligent Solutions Holdings Inc. (<a href="https://stocknews.com/stock/CCCS/">CCCS</a>)
CCCS provides cloud-based SaaS for property and casualty insurance in the US and China, streamlining digital workflows and leveraging AI. Its platform connects insurers, repairers, and other stakeholders for efficient collaboration and commerce.
On January 16, 2024, CCCS announced the availability of an advanced data security feature on its CCC ONE&#xAE; platform, enabling collision repairers to redact sensitive VIN digits and personal information before sharing estimates and prioritizing customer privacy.
This enhancement aims to mitigate risks of unauthorized access to customer data, empowering repair facilities to safeguard information while conducting business with third-party partners.
In the fourth quarter, which ended December 31, 2023, CCCS' revenues increased 12% year-over-year to $228.60 million. The company's adjusted <a href="https://www.investopedia.com/terms/o/operatingincome.asp#:~:text=Operating%20income%20is%20an%20accounting,of%20goods%20sold%20(COGS).">operating income</a> and net income grew 25.6% and 34.2% from a year-ago quarter to $58.99 million and $90.65 million, respectively. Its adjusted EBITDA increased 24.9% from the previous year's quarter to $100.05 million.
For the fiscal year 2024, the company projects revenues in the range of $942 million to $950 million, with adjusted EBITDA expected to be between $387 million and $395 million.
Analysts anticipate CCCS' revenue to increase by 8.4% year-over-year to $1.03 billion, and its EPS is expected to grow 12.3% year-over-year to $0.41 for the fiscal year ending December 2025. Moreover, the company surpassed consensus revenue and EPS estimates in each of the trailing four quarters, which is promising.
CCCS' shares have surged 11% over the past nine months and 42.6% over the past year to close the last trading session at $12.26.
CCCS' <a href="https://stocknews.com/powr-ratings/">POWR</a><a href="https://stocknews.com/powr-ratings/"> Ratings</a> reflect this robust outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted optimally.
The stock has an A grade for Growth and a B for Momentum, Stability, and Sentiment. In the B-rated <a href="https://stocknews.com/category/software-saas/">Software - SAAS</a> industry, CCCS is ranked #5 among 19 stocks.
To explore more ratings for CCCS' Value and Quality, <a href="https://stocknews.com/stock/CCCS/">click here</a>.
RingCentral, Inc. (<a href="https://stocknews.com/stock/RNG/">RNG</a>)
RNG offers cloud-based communication and collaboration solutions worldwide, including video meetings, contact center software, and unified messaging. The company's products cater to various industries, providing a seamless experience across voice, video, messaging, and collaboration modes for businesses of all sizes.
On March 11, 2024, RNG and Optus collaborated on Optus Loop, a cloud communications solution tailored for Australian businesses, combining RNG's innovative platform with Optus' network expertise. This partnership aims to provide agile and reliable communication tools, empowering organizations to enhance productivity and growth.
On February 5, RNG launched a patient care solution for healthcare organizations, integrating with top EHR providers and leveraging AI-driven communications to streamline workflows and enhance patient experiences. This initiative aims to modernize healthcare communication and documentation, optimizing patient engagement and care delivery processes.
RNG's total revenues grew 8.9% from the previous year's quarter to $571.27 million in the fourth quarter that ended December 31, 2023. Its non-GAAP income from operations and EBITDA rose 59.3% and 48.9% year-over-year to $116.96 million and $138.03 million, respectively. The company's non-GAAP net income per share increased 43.3% year-over-year to $0.86.
For the fiscal year 2024, RNG provides guidance, including a subscription revenue range of $2.26 billion to $2.29 billion and a total revenue range of $2.37 billion to $2.40 billion with similar growth. Additionally, the company projects a non-GAAP EPS range of $3.50 to $3.58.
Street expects RNG's revenue and EPS to grow 8.3% and 14.5% year-over-year to $2.58 billion and $4.06, for the fiscal year ending December 2025. Also, the company surpassed consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
RNG's stock has surged 16.2% over the past month and 20.2% over the past six months to close the last trading session at $36.33.
RNG's POWR Ratings reflect its strong prospects. The stock has an overall B rating, translating to a Buy in our proprietary rating system.
The stock has an A grade for Value and a B for Growth and Quality. RNG is ranked #8 among 44 stocks within the B-rated <a href="https://stocknews.com/category/software-business/">Software - Business</a> industry.
<a href="https://stocknews.com/stock/RNG/">Click here</a> to see RNG's ratings for Momentum, Stability, and Sentiment.
WalkMe Ltd. (<a href="https://stocknews.com/stock/WKME/">WKME</a>)
Based in Aviv, Israel, WKME provides a cloud-based digital adoption platform globally, providing actionable insights, software stack, and workflows to streamline digital transformation. Its solution creates a transparent layer over any software, enabling intuitive access across various devices for enhanced user experience.
On February 20, 2024, WKME introduced Workflow Accelerators, predefined solutions to eliminate friction in critical workflows like employee onboarding and sales management, driving business efficiency and software adoption. These solutions are based on insights from over 600,000 deployments, aiming to improve productivity and revenue growth for businesses.
During the fourth quarter, which ended December 31, 2023, WKME's total revenues increased 4.7% from the prior-year quarter to $67.89 million. The company's non-GAAP operating income amounted to $4.82 million, compared to a non-GAAP operating loss of $10.49 million in the year-ago period.
Moreover, its non-GAAP net income attributable to WKME was $6.84 million and $0.07 per share, compared to its non-GAAP net loss of $8.89 million and $0.10 per share in the previous-year quarter.
For the fiscal year 2024, the company anticipates revenue in the range of $279 million to $283 million, alongside non-GAAP operating income expected to be between $8 million and $11 million.
Street expects WKME's revenue and EPS for the fiscal year (ending December 2024) to increase 5.7% and 292% year-over-year to $282.22 million and $0.16, respectively. In addition, the company topped consensus revenue and EPS estimates in three of the trailing four quarters.
The stock has gained 1.1% intraday to close the last trading session at $8.70.
WKME's robust fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
It has an A grade for Sentiment and a B for Growth and Stability. Within the B-rated <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry, WKME is ranked #9 among 132 stocks.
In addition to the POWR Ratings stated above, access WKME's Value, Momentum, and Quality ratings <a href="https://stocknews.com/stock/WKME/">here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
CCCS shares were trading at $12.13 per share on Thursday morning, down $0.13 (-1.06%). Year-to-date, CCCS has gained 6.50%, versus a 8.25% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/cccs-rng-wkme-3-software-stocks-you-need-for-march/>3 Software Stocks You Need for March</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Software Stocks You Need for March

Microsoft Overweight as KeyBanc initiates coverage on swath of software companies

In a report released yesterday, Michael Turrin from Wells Fargo maintained a Buy rating on WalkMe (WKME – Research Report), with a price target of ...

Wells Fargo Sticks to Its Buy Rating for WalkMe (WKME)

Wells Fargo analyst Michael Turrin maintained a Buy rating on WalkMe (WKME – Research Report) on April 12 and set a price target of $14.00. The com...

WalkMe (WKME) Receives a Buy from Wells Fargo

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on WalkMe (WKME – Research Report) and Super Micro Co...

Analysts Offer Insights on Technology Companies: WalkMe (WKME) and Super Micro Computer (SMCI)

In a report released on April 26, Michael Turrin from Wells Fargo maintained a Buy rating on WalkMe (WKME – Research Report), with a price target o...

Wells Fargo Sticks to Their Buy Rating for WalkMe (WKME)

WalkMe Suffers Revenue Growth Headwinds As It Seeks Breakeven

In a report released today, Patrick Walravens from JMP Securities maintained a Buy rating on WalkMe (WKME – Research Report), with a price target o...