Workiva (NYSE:WK) Price Target Cut to $65.00 by Analysts at Stifel Nicolaus

Key Points

• Stifel Nicolaus cut its price target on Workiva from $79 to $65 but kept a "buy" rating, implying roughly 25% upside from the current share price.
• Workiva beat Q1 estimates with $0.77 EPS (vs. $0.66) and $247.3M revenue (+19.9% YoY) and raised guidance to Q2 EPS of $0.62–$0.65 and FY2026 EPS of $2.85–$2.95.
• The board approved a $250 million share buyback (about 7.7% of outstanding stock), signaling management's confidence in the company's valuation.

Workiva (NYSE:WK - Get Free Report) had its target price lowered by investment analysts at Stifel Nicolaus from $79.00 to $65.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the software maker's stock. Stifel Nicolaus' price objective points to a potential upside of 25.16% from the stock's current price.

WK has been the subject of a number of other reports. Raymond James Financial restated an "outperform" rating and issued a $85.00 target price on shares of Workiva in a report on Wednesday. Stephens set a $90.00 target price on shares of Workiva in a report on Friday, February 20th. BTIG Research lowered their target price on shares of Workiva from $90.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday. BMO Capital Markets decreased their price objective on shares of Workiva from $92.00 to $83.00 and set an "outperform" rating for the company in a research note on Friday, February 20th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Workiva in a research note on Wednesday, January 21st. Ten analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Workiva presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.33.

Workiva Stock Performance

Workiva stock traded down $3.48 during trading on Wednesday, reaching $51.93. The company had a trading volume of 1,316,399 shares, compared to its average volume of 1,000,325. Workiva has a 12-month low of $49.44 and a 12-month high of $97.10. The stock's 50 day moving average price is $58.74 and its two-hundred day moving average price is $75.12. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of -107.98 and a beta of 0.54.

Workiva (NYSE:WK - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $245.17 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Workiva's revenue for the quarter was up 19.9% compared to the same quarter last year. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. As a group, research analysts expect that Workiva will post 0.53 earnings per share for the current year.

Workiva announced that its board has initiated a stock repurchase program on Monday, February 16th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the software maker to purchase up to 7.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Institutional Investors Weigh In On Workiva

Institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new position in shares of Workiva in the fourth quarter valued at $26,000. Leonteq Securities AG purchased a new position in shares of Workiva in the fourth quarter valued at $27,000. EverSource Wealth Advisors LLC boosted its stake in shares of Workiva by 217.9% in the third quarter. EverSource Wealth Advisors LLC now owns 391 shares of the software maker's stock valued at $34,000 after purchasing an additional 268 shares during the period. Quarry LP boosted its stake in shares of Workiva by 396.3% in the fourth quarter. Quarry LP now owns 407 shares of the software maker's stock valued at $35,000 after purchasing an additional 325 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of Workiva by 82.3% in the third quarter. Allworth Financial LP now owns 412 shares of the software maker's stock valued at $35,000 after purchasing an additional 186 shares during the period. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

More Workiva News

Here are the key news stories impacting Workiva this week:

• Positive Sentiment: Q1 results beat expectations — Workiva reported $0.77 EPS versus $0.66 consensus and revenue of $247.3M (+19.9% YoY), showing solid top‑line growth. Business Wire Release
• Positive Sentiment: Raised forward EPS guidance — Management updated Q2 EPS to $0.62–$0.65 (vs. ~$0.42 consensus) and FY 2026 EPS to $2.85–$2.95 (vs. ~$2.28 consensus), indicating stronger profitability expectations. Slide Deck / Guidance
• Neutral Sentiment: Earnings call transcript and analyst write‑ups are live — Investors can review management commentary and metric detail for cadence and customer trends. Earnings Call Transcript
• Neutral Sentiment: Third‑party analyses and coverage — Zacks and MarketBeat summarize the beat and key metrics; these notes help assess sustainability of the acceleration. Zacks Coverage
• Negative Sentiment: BTIG lowered its price target from $90 to $80 (still a Buy) — the PT cut can temper upside expectations and likely contributed to downward pressure. Benzinga Note
• Negative Sentiment: Technical/valuation headwinds — WK is trading below its 50‑ and 200‑day moving averages and off its one‑year high, prompting some profit‑taking despite the beat. (Context: 50‑day ~$58.7; 200‑day ~$75.1.)

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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