Stifel raised the firm’s price target on Workiva (WK) to $98 from $92 and keeps a Buy rating on the shares. The company delivered a solid beat-and-raise quarter, driven by upsell, adoption of multi-solution offerings, and a pickup in capital markets IPO activity, the analyst tells investors in a research note. The firm added that Q3 results and management commentary show a clear commitment to profitable growth.
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