Workiva ( (WK) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Workiva’s stock movement is driven by its impressive Q4 revenue of $200 million, which exceeded expectations, highlighting the company’s strong execution of its strategies and growing demand for its reporting platform. The company is optimistic about its future, projecting Q1 revenue in line with expectations and FY25 revenue surpassing forecasts. This positive outlook, especially in ESG reporting, has led analysts to consider upward adjustments in price targets.
More about Workiva
YTD Price Performance: -22.83%
Average Trading Volume: 567,751
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.98B
For further insights into WK stock on TipRanks’ Stock Analysis page.
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