
Workiva (WK) Stock Forecast & Price Target
Workiva (WK) Analyst Ratings
Bulls say
Workiva Inc. demonstrated a significant growth trajectory in its financial performance, with subscription and support revenue rising 21.2% year-over-year to $219.3 million, exceeding expectations. The company's contracted remaining performance obligations (cRPO) grew 21% year-over-year to $757 million, benefiting from a three-point foreign exchange tailwind, highlighting robust global traction. Additionally, 74% of subscription revenue now stems from customers utilizing multiple solutions, indicating strong platform engagement and reinforcing the sustainability of the company's growth strategy.
Bears say
The financial outlook for Workiva Inc. appears negative due to a projected decline in professional services revenue and challenges from vendor consolidation that may hinder growth. Additionally, the effectiveness of increased sales and marketing expenditure is uncertain, raising concerns about the company’s ability to achieve revenue targets amid a competitive landscape. Market conditions, such as macroeconomic deterioration and potential regulatory adjustments, could further complicate Workiva's growth prospects, impacting overall financial performance and stability.
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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