
Workiva (WK) Stock Forecast & Price Target
Workiva (WK) Analyst Ratings
Bulls say
Workiva Inc. demonstrated strong financial performance with subscription and support revenue growing 21.2% year-over-year to $219.3 million, surpassing expectations and marking the third consecutive quarter of growth above 20%. The company's remaining performance obligations (cRPO) also saw a significant increase, rising by 21% year-over-year to $757 million, aided by a favorable foreign exchange impact. Additionally, 74% of subscription revenue was derived from customers utilizing multiple solutions, reflecting the effectiveness of its platform strategy and bolstering net retention and expansion-led growth.
Bears say
Workiva Inc. faces several fundamental challenges leading to a negative outlook on its stock. There are concerns regarding a likely continued decline in professional services revenue, compounded by vendor consolidation that may create headwinds for the company. Additionally, risks such as potentially weakened ESG regulations, increased competition from larger companies, and difficulties in effectively executing sales and operational changes amidst deteriorating macro conditions could hinder future growth and revenue performance.
This aggregate rating is based on analysts' research of Workiva and is not a guaranteed prediction by Public.com or investment advice.
Workiva (WK) Analyst Forecast & Price Prediction
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