BMO Capital Maintains Outperform Rating for Workiva: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BMO Capital has maintained its Outperform rating for Workiva (NYSE:WK) but reduced its price target from $123.00 to $113.00. Workiva's shares have fallen 6.57% in the last 24 hours to $88.00. The new price target suggests a potential 28.41% increase from the current price. Workiva is a cloud-native platform that enhances reporting and compliance by integrating data from various systems for creating and publishing documents and reports.
February 21, 2024 | 5:00 pm
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BMO Capital maintains Outperform rating for Workiva, lowers price target from $123 to $113. Shares dropped 6.57% to $88, indicating a potential 28.41% increase.
The maintenance of an Outperform rating by BMO Capital indicates a positive outlook on Workiva's performance, despite the reduction in price target. The current dip in share price may present a buying opportunity for investors, as the new price target suggests significant upside potential. The confidence in this analysis is based on BMO Capital's continued positive rating and the detailed description of Workiva's platform capabilities and revenue model.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100