- The stock price of WeWork Inc (NYSE: WE) increased by 3.37% today. This is why.
The stock price of WeWork Inc (NYSE: WE) increased by 3.37% today. Investors are responding positively to a bullish research report.
Mizuho analyst Vikram Malhotra initiated coverage of WeWork with a “Buy” rating and $9 price target. The $9 price target imputes more than a 38% upside.
Malhotra noted that WeWork is an undervalued play on changing the work preferences of both employees and employers. And Malhotra noted that the company is well-positioned to take a share of the flex office market, which is expected to grow 50% in the next 3 years as office tenants rethink footprints and lease formats.
Plus Malhotra sees WeWork’s EBITDA breakeven goal by Q4 as very achievable.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
