Workiva’s core story remains ESG uptake, says BMO Capital

BMO Capital keeps an Outperform rating and $96 price target on Workiva after the firm’s 2024 BMO Virtual Software Conference meetings with its CEO. The company has focused its go-to-market strategy to showcase the power of the unified platform of financial reporting, GRC and ESG, the analyst tells investors in a research note. Workiva sees ownership of ESG operationally tightening towards finance organizations and believes that the integration with audit to support anticipated regulatory demand is providing an attractive opportunity, BMO added.