Workiva price target raised to $130 from $128 at Citi

Citi raised the firm’s price target on Workiva (WK) to $130 from $128 and keeps a Buy rating on the shares. The company reported strong Q4 results with upside to growth metrics supported by large deal momentum and platform sales, the analyst tells investors in a research note. The firm says that despite headlines around pushback on nvironmental, social, and governance regulations, Workiva noted no shift in customer buying behavior to date with sustainability remaining a top bookings solution. It views the company’s growth outlook as “reassuring with a multitude of drivers for further upside.”