Workiva price target lowered to $102 from $114 at Goldman Sachs

Goldman Sachs analyst Adam Hotchkiss lowered the firm’s price target on Workiva (WK) to $102 from $114 and keeps a Buy rating on the shares. Workiva is continuing to benefit from a multi-year investment cycle in broadening out its integrated platform, which is reflected in accelerating 2025 subscription revenue growth and multi-year highs in net recurring revenue, despite an otherwise challenged environment for other back office software companies, the analyst tells investors in a research note.