Citi has revised its price target for Workiva (WK, Financial), lowering it from $130 to $105 while maintaining a Buy rating on the stock. This adjustment reflects cautious sentiment as the application software sector approaches its first-quarter earnings announcements. Key concerns include potential impacts from tariffs, deal delays, and currency fluctuations on full-year forecasts.
A survey of chief investment officers conducted by Citi reveals a slight decrease in anticipated budget growth over the next year, with particular negativity surrounding back-office projects affected by tariffs. The survey results indicate ongoing challenges for companies in the sector.
Citi has identified BlackLine (BL) and OneStream (OS) as companies facing the most immediate risks, with expectations that deal delays will persist into the second quarter. Conversely, Intapp (INTA) and Vertex (VERX) are perceived as better positioned to withstand the current macroeconomic pressures.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Workiva Inc (WK, Financial) is $112.13 with a high estimate of $130.00 and a low estimate of $95.00. The average target implies an upside of 65.80% from the current price of $67.63. More detailed estimate data can be found on the Workiva Inc (WK) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Workiva Inc's (WK, Financial) average brokerage recommendation is currently 1.5, indicating "Buy" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Workiva Inc (WK, Financial) in one year is $135.18, suggesting a upside of 99.88% from the current price of $67.63. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Workiva Inc (WK) Summary page.
