Workiva price target raised to $106 from $100 at Baird

Baird raised the firm’s price target on Workiva to $106 from $100 and keeps an Outperform rating on the shares. The analyst said they reported a solid quarter with slight upside to revenue and profitability. 2023 guidance metrics were slightly raised across the board as Workiva remains committed to profitability in the second half of 2023.