Workiva price target raised to $110 from $95 at Truist

Truist raised the firm’s price target on Workiva (WK) to $110 from $95 and keeps a Buy rating on the shares. The company delivered solid Q3 results with top and bottom-line upside despite macro and regulatory uncertainty, the analyst tells investors in a research note. Truist adds it is positive on Workiva’s multi-solution deal momentum, with 73% of subscription revenue coming from multi-product customers, and continued strength with large contract customers.