On Nov 08, major Wall Street analysts update their ratings for $Workiva (WK.US)$, with price targets ranging from $102 to $120.
Goldman Sachs analyst Adam Hotchkiss maintains with a buy rating, and adjusts the target price from $115 to $120.
BMO Capital analyst Daniel Jester maintains with a buy rating, and adjusts the target price from $96 to $104.
Baird analyst Robert Oliver maintains with a buy rating, and adjusts the target price from $94 to $110.
Stifel analyst Brad Reback maintains with a hold rating, and adjusts the target price from $85 to $102.
William Blair analyst Jake Roberge maintains with a buy rating.
Furthermore, according to the comprehensive report, the opinions of $Workiva (WK.US)$'s main analysts recently are as follows:
Workiva's third-quarter performance was robust, underpinned by sustained favorable purchasing conditions, comprehensive demand for solutions, and an increased number of expansion transactions observed in the previous quarter. The management team acknowledged and discussed the prominent topic of the election, affirming that their strategy for ESG growth remains pertinent and unaltered. However, it is noted that the result of the election introduces an additional element of unpredictability concerning the future regulatory landscape in the U.S.
Workiva's recent Q3 results showcased an impressive year-over-year growth in cRPO, marking a full recovery from the prior year's slowdown. This performance reinforces the belief that the company is capable of achieving high-teens subscription revenue growth in the following year.
The company has reported another quarter surpassing expectations on both revenue and earnings. They are experiencing a more favorable purchasing climate, influenced by impending European regulations, transitions to new enterprise resource planning systems, and a robust pipeline of platform deals.
Here are the latest investment ratings and price targets for $Workiva (WK.US)$ from 5 analysts:
Note:
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