Stephens initiated coverage of Workiva (WK) with an Overweight rating and $111 price target The company guided long-term growth rate of over 20%, and the proof points supporting this should boost the stock’s multiple, the analyst tells investors in a research note. The stock may have gotten too cheap right now because of the market perception of ESG disfavor, and a better macro backdrop could drive revenue growth re-acceleration, the firm adds.
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Read More on WK:
- Workiva exec Hawkins sells 8,992 class A shares
- Workiva’s Strong ESG Position and Growth Prospects Drive Buy Rating
- Workiva Inc. Earnings Call: Strong Growth Amid Uncertainties
- Workiva price target lowered to $108 from $120 at BMO Capital
- Workiva price target lowered to $132 from $133 at Goldman Sachs
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