Raymond James analyst Alexander Sklar lowered the firm’s price target on Workiva (WK) to $105 from $125 and keeps an Outperform rating on the shares. Workiva’s Q1 results showed strong bookings upside, but the tough macro is leading to a more conservative outlook for the remainder of 2025, the analyst tells investors in a research note. The firm remains encouraged by the much better start to 2025 bookings, no change in confidence expressed on pipeline or total addressable market, and reaffirmed 2027 medium-term targets.
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