BMO Capital raised the firm’s price target on Workiva (WK) to $100 from $90 and keeps an Outperform rating on the shares. The firm is citing the news that Irenic Capital has taken a stake in the company with an intention to nominate two board members, and their presentation highlights the focus of their investment case being on governance, profitability, and achievement of “Rule of 40” by 2027, the analyst tells investors in a research note.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WK:
- Irenic confirms about 2% stake in Workiva, outlines ‘actionable recommendations’
- EA acquired in go-private deal for $55B, Carnival reports Q3 beat: Morning Buzz
- Activist Irenic builds stake in Workiva, pushes for board seats, Reuters says
- Workiva price target raised to $92 from $85 at Stifel
- Workiva price target raised to $110 from $105 at Citi