Workiva (NYSE:WK) Given New $80.00 Price Target at BTIG Research

Key Points

• BTIG lowered its price target to $80 (from $90) while keeping a "buy" rating, implying about a 44.5% upside; across analysts Workiva's consensus is a "Moderate Buy" with an average price target of $94.17 (10 Buys, 1 Sell).
• Workiva beat Q1 estimates and meaningfully raised guidance, reporting EPS $0.77 vs. $0.66 and revenue $247.3M, and guiding Q2 EPS to $0.620–0.650 and FY26 EPS to $2.85–2.95—well above prior street expectations.
• The board authorized a $250 million share repurchase (about 7.7% of shares), while institutional investors hold roughly 92% of the stock, signaling management confidence despite near-term share-price weakness.

Workiva (NYSE:WK - Get Free Report) had its price target lowered by investment analysts at BTIG Research from $90.00 to $80.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the software maker's stock. BTIG Research's price target would indicate a potential upside of 44.53% from the stock's current price.

A number of other analysts have also issued reports on the stock. Citigroup reissued a "buy" rating on shares of Workiva in a research note on Monday, February 23rd. Stephens set a $90.00 price objective on Workiva in a report on Friday, February 20th. BMO Capital Markets decreased their price objective on Workiva from $92.00 to $83.00 and set an "outperform" rating for the company in a report on Friday, February 20th. The Goldman Sachs Group restated a "buy" rating and issued a $102.00 price objective on shares of Workiva in a report on Friday, February 20th. Finally, Stifel Nicolaus decreased their price objective on Workiva from $98.00 to $79.00 and set a "buy" rating for the company in a report on Friday, February 20th. Ten analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Workiva currently has an average rating of "Moderate Buy" and an average price target of $94.17.

Workiva Trading Down 2.2%

Shares of WK opened at $55.35 on Wednesday. The firm has a market capitalization of $3.15 billion, a P/E ratio of -115.32 and a beta of 0.54. Workiva has a 12-month low of $50.98 and a 12-month high of $97.10. The firm has a fifty day moving average price of $58.74 and a 200-day moving average price of $75.12.

Workiva (NYSE:WK - Get Free Report) last issued its earnings results on Tuesday, May 5th. The software maker reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.11. The company had revenue of $247.31 million for the quarter, compared to analysts' expectations of $245.17 million. The firm's revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 earnings per share. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. Analysts predict that Workiva will post 0.53 earnings per share for the current year.

Workiva announced that its board has authorized a stock repurchase plan on Monday, February 16th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the software maker to repurchase up to 7.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Workiva

A number of large investors have recently added to or reduced their stakes in WK. Millennium Management LLC raised its holdings in Workiva by 44.5% in the first quarter. Millennium Management LLC now owns 237,746 shares of the software maker's stock worth $18,047,000 after purchasing an additional 73,266 shares in the last quarter. Empowered Funds LLC bought a new position in Workiva in the first quarter worth about $421,000. Prudential Financial Inc. raised its holdings in Workiva by 66.7% in the second quarter. Prudential Financial Inc. now owns 6,259 shares of the software maker's stock worth $428,000 after purchasing an additional 2,505 shares in the last quarter. Cerity Partners LLC raised its holdings in Workiva by 24.8% in the second quarter. Cerity Partners LLC now owns 3,297 shares of the software maker's stock worth $226,000 after purchasing an additional 656 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in Workiva by 0.4% in the second quarter. California Public Employees Retirement System now owns 82,197 shares of the software maker's stock worth $5,626,000 after purchasing an additional 342 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

Workiva News Summary

Here are the key news stories impacting Workiva this week:

• Positive Sentiment: Workiva reported stronger-than-expected Q1 results: EPS $0.77 vs. consensus $0.66 and revenue $247.3M vs. $245.2M, with revenue up ~19.9% year-over-year — a clear operational beat that supports upside to earnings expectations. Press Release
• Positive Sentiment: Management meaningfully raised guidance: Q2 EPS guided to $0.620–0.650 (vs. street ~$0.42) and FY26 EPS to $2.85–2.95 (vs. street ~$2.28). Revenue targets are roughly in line with consensus. Upward guidance is the main constructive catalyst for forward earnings revisions. Guidance/Transcript
• Neutral Sentiment: Earnings-call color and detail are available in the Q1 2026 transcript — useful for investors wanting management commentary on AI adoption, customer demand, and margin drivers but not introducing new headline items. Earnings Call Transcript
• Neutral Sentiment: Analyst write-ups (Zacks) reiterate the beats and compare key metrics vs. estimates and the prior year — helpful context for modeling but largely confirmatory. Zacks: Earnings & Revenues Top Estimates Zacks: Key Metrics vs Estimates
• Negative Sentiment: Despite fundamentals, the stock is trading lower today — likely reflecting short-term profit-taking, mixed share‑price momentum, and valuation/technical concerns (50-day MA well below the 200-day MA and share price off its 12‑month high). Valuation Article

About Workiva

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.

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