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Workiva price target raised to $134 from $125 at Baird

Baird analyst Rob Oliver raised the firm’s price target on Workiva to $134 from $125 and keeps an Outperform rating on the shares. The firm attended the company’s investor day where they unveiled multiple product enhancements including Gen AI functionality. They noted customer and partner conservations were positive and Baird likes the company’s partner-led focus and platform approach and believe this sets up well for revenue and profitability acceleration.

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