William Blair analyst Jake Roberge has maintained their bullish stance on WK stock, giving a Buy rating on February 10.
Jake Roberge has given his Buy rating due to a combination of factors that highlight Workiva’s strong performance and growth potential. The company has reported impressive quarterly results, surpassing consensus estimates across key metrics. Notably, Workiva has shown an acceleration in total revenue growth, increasing to 20% from the previous quarter’s 17%. This growth is partly driven by the company’s momentum in its ESG reporting business, which continues to experience strong demand despite regulatory uncertainties.
Furthermore, Workiva’s management has expressed optimism about the long-term opportunities in the ESG sector, particularly with U.S.-based companies, due to recent regulatory updates and self-reporting measures. The company’s ability to maintain high retention rates and its robust platform position are seen as key factors that will support durable growth in the coming years. Overall, Roberge is encouraged by Workiva’s solid execution and believes these elements justify a Buy rating.
In another report released on February 10, BMO Capital also maintained a Buy rating on the stock with a $120.00 price target.