Workiva (NYSE:WK) Stock Price Expected to Rise, Wolfe Research Analyst Says

Key Points

• Wolfe Research has increased Workiva's price target from $85.00 to $95.00, indicating a potential upside of 24.93% from the current price.
• The company's quarterly earnings surpassed expectations, reporting $0.19 EPS against a consensus estimate of $0.05, with a revenue of $215.19 million, up 21.2% year-over-year.
• Workiva maintains a strong consensus rating of "Buy," with ten analysts endorsing the stock and a consensus price target of $98.80.

Workiva (NYSE:WK - Free Report) had its price objective boosted by Wolfe Research from $85.00 to $95.00 in a report released on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has an outperform rating on the software maker's stock.

A number of other research firms have also weighed in on WK. Robert W. Baird set a $105.00 price objective on Workiva in a research report on Wednesday, June 25th. Stifel Nicolaus lowered their target price on shares of Workiva from $100.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Raymond James Financial lowered their target price on shares of Workiva from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Friday, August 1st. Wall Street Zen upgraded shares of Workiva from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Stephens reiterated an "overweight" rating and set a $95.00 target price on shares of Workiva in a research note on Thursday, May 22nd. Ten investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $100.00.

Workiva Stock Performance

Shares of Workiva stock traded up $0.91 during trading hours on Wednesday, reaching $78.39. 1,013,213 shares of the company were exchanged, compared to its average volume of 704,038. Workiva has a 1 year low of $60.50 and a 1 year high of $116.83. The stock's fifty day moving average is $73.92 and its 200 day moving average is $73.09. The firm has a market cap of $4.39 billion, a PE ratio of -65.32 and a beta of 0.87.

Workiva (NYSE:WK - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The software maker reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.14. The company had revenue of $215.19 million for the quarter, compared to analysts' expectations of $208.92 million. During the same period in the prior year, the company posted $0.16 EPS. The firm's revenue 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. Research analysts expect that Workiva will post -0.92 earnings per share for the current year.

Hedge Funds Weigh In On Workiva

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Workiva by 2.5% in the first quarter. Vanguard Group Inc. now owns 5,942,371 shares of the software maker's stock valued at $451,085,000 after acquiring an additional 142,297 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Workiva by 32.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,834,723 shares of the software maker's stock worth $215,184,000 after buying an additional 686,702 shares during the period. Eminence Capital LP boosted its stake in shares of Workiva by 209.6% during the second quarter. Eminence Capital LP now owns 2,646,768 shares of the software maker's stock worth $181,171,000 after buying an additional 1,791,768 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Workiva during the second quarter worth about $88,677,000. Finally, Geode Capital Management LLC boosted its stake in shares of Workiva by 0.3% during the second quarter. Geode Capital Management LLC now owns 1,207,108 shares of the software maker's stock worth $82,637,000 after buying an additional 4,056 shares during the period. Institutional investors and hedge funds own 92.21% of the company's stock.

Workiva Company Profile

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.