BTIG Research Cuts Workiva (NYSE:WK) Price Target to $90.00

Workiva (NYSE:WK) had its price target cut by BTIG Research from $105.00 to $90.00 in a research note issued to investors on Friday morning, MarketBeat reports. They currently have a buy rating on the software maker’s stock.

A number of other analysts have also issued reports on the stock. UBS Group set a $110.00 price target on shares of Workiva in a research report on Sunday, November 9th. Raymond James Financial reiterated an “outperform” rating and issued a $105.00 price objective on shares of Workiva in a research note on Wednesday, December 10th. Stifel Nicolaus set a $98.00 target price on shares of Workiva in a research report on Thursday, November 6th. BMO Capital Markets decreased their target price on shares of Workiva from $92.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Truist Financial boosted their price target on shares of Workiva from $95.00 to $110.00 and gave the company a “buy” rating in a report on Friday, November 7th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $95.38.

Workiva Stock Up 3.7%

Shares of Workiva stock opened at $61.43 on Friday. Workiva has a 12 month low of $56.06 and a 12 month high of $97.10. The stock has a market cap of $3.45 billion, a PE ratio of -127.97 and a beta of 0.62. The business has a fifty day simple moving average of $79.54 and a 200-day simple moving average of $82.87.

Workiva (NYSE:WK) last posted its quarterly earnings results on Thursday, February 19th. The software maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.10. The business had revenue of $238.94 million for the quarter, compared to analyst estimates of $235.13 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. Workiva has set its FY 2026 guidance at 2.660-2.760 EPS and its Q1 2026 guidance at 0.640-0.670 EPS. Analysts expect that Workiva will post -0.92 EPS for the current fiscal year.

Workiva declared that its board has authorized a share repurchase plan on Monday, February 16th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the software maker to reacquire up to 7.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Workiva

A number of large investors have recently bought and sold shares of the business. Invesco Ltd. raised its holdings in Workiva by 2.7% during the fourth quarter. Invesco Ltd. now owns 41,770 shares of the software maker’s stock valued at $3,603,000 after buying an additional 1,082 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of Workiva by 86.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 15,584 shares of the software maker’s stock worth $1,344,000 after acquiring an additional 7,228 shares in the last quarter. Vident Advisory LLC acquired a new position in shares of Workiva during the 4th quarter valued at about $455,000. Fuller & Thaler Asset Management Inc. raised its stake in shares of Workiva by 11.4% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 893,859 shares of the software maker’s stock valued at $77,095,000 after acquiring an additional 91,808 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in Workiva by 8.2% in the 4th quarter. Empowered Funds LLC now owns 6,775 shares of the software maker’s stock worth $584,000 after purchasing an additional 512 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

Key Workiva News

Here are the key news stories impacting Workiva this week:

• Positive Sentiment: Q4 results beat consensus — EPS $0.78 vs $0.68 and revenue $238.9M, with revenue up ~19.5% year-over-year; management described accelerated growth and profitability. Workiva Announces Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Management issued very strong guidance: Q1‑2026 EPS 0.640–0.670 (well above consensus) and FY‑2026 EPS 2.660–2.760, signaling confidence in subscription momentum and margin leverage. Workiva Q4 earnings & guidance (MarketBeat)
• Positive Sentiment: Board approved a $250 million share repurchase program (about 7.7% of shares outstanding), which supports buybacks as a near-term demand for shares and signals the board views valuation as attractive. RTT News — Stock Buybacks
• Positive Sentiment: Company expects ~19% subscription revenue growth in 2026, citing AI adoption and increased multi‑product sales as drivers — suggests top-line durability and product-led expansion. Workiva expects 19% subscription revenue growth (Seeking Alpha)
• Neutral Sentiment: Several firms reiterated buy/outperform ratings even as they adjusted models — that keeps institutional sentiment broadly constructive but shows analysts are recalibrating targets vs. prior estimates. Truist/analyst note (The Fly)
• Negative Sentiment: Multiple price-target cuts (e.g., BTIG 105→90, Truist 110→90, BMO 92→83) reduce modeled upside and indicate some analyst caution on valuation and near-term multiple expansion. BTIG price-target cut (The Fly) Truist price-target cut (The Fly)

Workiva Company Profile

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.