BMO Capital Markets Boosts Workiva (NYSE:WK) Price Target to $100.00

Key Points

• BMO Capital Markets has raised its price target for Workiva (NYSE: WK) from $90.00 to $100.00, indicating a potential upside of 17.19% from the stock's current price.
• Workiva has demonstrated strong performance, reporting a 21.2% increase in revenue to $215.19 million compared to the previous year, and beating earnings estimates by $0.14.
• Analysts maintain a positive outlook, with ten holding a "Buy" rating and a consensus target price of $99.20 for the stock following recent upgrades from multiple research firms.

Workiva (NYSE:WK - Get Free Report) had its target price raised by research analysts at BMO Capital Markets from $90.00 to $100.00 in a research note issued on Tuesday, Marketbeat reports. The firm currently has an "outperform" rating on the software maker's stock. BMO Capital Markets' target price would suggest a potential upside of 17.19% from the stock's current price.

Several other analysts have also weighed in on WK. Robert W. Baird set a $105.00 price objective on Workiva in a report on Wednesday, June 25th. Stifel Nicolaus boosted their target price on Workiva from $85.00 to $92.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. Raymond James Financial dropped their price objective on Workiva from $105.00 to $95.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. Citigroup increased their target price on Workiva from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, September 11th. Finally, Wall Street Zen upgraded Workiva from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Ten equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $99.20.

Workiva Stock Performance

Shares of WK opened at $85.33 on Tuesday. The stock's fifty day moving average is $77.04 and its 200-day moving average is $72.75. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of -71.11 and a beta of 0.87. Workiva has a one year low of $60.50 and a one year high of $116.83.

Workiva (NYSE:WK - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The software maker reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.14. The company had revenue of $215.19 million during the quarter, compared to analyst estimates of $208.92 million. During the same quarter last year, the business earned $0.16 EPS. The company's revenue for the quarter was up 21.2% compared to the same quarter last year. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. Analysts forecast that Workiva will post -0.92 EPS for the current fiscal year.

Institutional Trading of Workiva

Several large investors have recently modified their holdings of the stock. Squarepoint Ops LLC grew its holdings in shares of Workiva by 313.4% during the 2nd quarter. Squarepoint Ops LLC now owns 103,606 shares of the software maker's stock worth $7,092,000 after purchasing an additional 78,544 shares in the last quarter. FORA Capital LLC acquired a new stake in Workiva in the second quarter valued at about $569,000. Tower Research Capital LLC TRC increased its position in Workiva by 598.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,637 shares of the software maker's stock worth $523,000 after purchasing an additional 6,543 shares in the last quarter. Two Sigma Securities LLC acquired a new position in Workiva during the 2nd quarter worth approximately $411,000. Finally, Topline Capital Management LLC acquired a new position in Workiva during the 2nd quarter worth approximately $3,970,000. 92.21% of the stock is owned by institutional investors and hedge funds.

About Workiva

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.

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