Workiva price target raised to $100 from $80 at Truist

Truist analyst Terry Tillman raised the firm’s price target on Workiva to $100 from $80 and keeps a Buy rating on the shares after its Q4 earnings beat. The analyst notes that the company sounds optimistic on Q1 demand trends and that the overall demand ex-capital markets and SEC appears to remain strong, though Truist would have liked to see more operating leverage in the company’s 2023 guidance.