BMO Capital says multiple news agencies are reporting that both the German and French governments are considering pushing for changes to the European Union’s Corporate Sustainability Reporting Directive. Sustainability reporting in Europe is one of the key growth drivers for Workiva (WK) over the next few years, unlocking a high-single-digit billion dollar total addressable market, the analyst tells investors in a research note. The firm believes the potential changes to limit mid-sized company compliance likely would only have a modest impact to Workiva, however, given the company’s focus. Nonetheless, possible delays could be a headwind to buyer behavior in 2025, adds BMO, which has an Outperform rating on Workiva. The stock in midday trading is down 10%, or $11.14, to $102.78.
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