Workiva price target lowered to $92 from $97 at Stifel

Stifel lowered the firm’s price target on Workiva to $92 from $97 and keeps a Hold rating on the shares. Workiva posted “solid” Q3 results, but only increased the mid-point of top-line guidance by $0.5M after a $2.7M beat in Q3, the analyst tells investors. The firm believes the company has long-term growth opportunities, but given factors outside of management control, it doesn’t envision accelerating growth in coming quarters, the analyst tells investors.