
WalkMe Ltd (WKME) Stock Forecast & Price Target
WalkMe Ltd (WKME) Analyst Ratings
Bulls say
WalkMe Ltd demonstrates a positive outlook supported by an expanding partner ecosystem, which has contributed to increased revenue from both new business and Digital Adoption Platform (DAP) delivery. The company reported a 5% year-over-year increase in its customer count with greater than $100K in Annual Recurring Revenue (ARR) and an 11% increase for customers exceeding $1M in ARR. Additionally, the heightened demand for digital adoption solutions and improved key customer metrics suggest a strong growth trajectory as organizations increasingly recognize the value of technology and seek to enhance employee productivity.
Bears say
WalkMe Ltd is facing significant challenges that contribute to a negative outlook on its stock, primarily due to anticipated continued cash burn and losses, raising concerns about the company's ability to achieve positive profitability metrics. Furthermore, forecasts indicate a downward revision in revenue growth from 10% to approximately 5% year-over-year for FY24, alongside a projected reduction in operating margins and demand for associated solutions amid economic downturns. Additionally, the decline in the net retention rate, from 116% in 3Q22 to 102%, suggests weakening customer engagement that may further hinder the company’s revenue growth potential.
This aggregate rating is based on analysts' research of WalkMe Ltd and is not a guaranteed prediction by Public.com or investment advice.
WalkMe Ltd (WKME) Analyst Forecast & Price Prediction
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