Goldman Sachs analyst Adam Hotchkiss lowered the firm’s price target on Workiva (WK) to $132 from $133 and keeps a Buy rating on the shares. Workiva reported better-than-feared Q4 revenue 2.4% ahead of consensus and guided FY25 revenue 2% ahead at the mid-point, indicative of the success the company is having with large, multi-solution platform deals that include sustainability reporting, financial reporting, and other solutions in Workiva’s suite, the analyst tells investors in a research note. The firm views Q4 as an inflection point in Workiva’s business and as validation of the company’s platform in the broader IT prioritization stack.
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