Workiva price target lowered to $85 from $95 at Northland

Northland lowered the firm’s price target on Workiva (WK) to $85 from $95 and keeps an Outperform rating on the shares. Following the company’s Q1 report, the firm’s 2025 revenue and adjusted EPS estimates go to $866M and $1.04 from $866.0M and $1.06, respectively, and it cites macro uncertainty for its lowered price target