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Workiva price target raised to $83 from $77 at Stifel
The Fly

Workiva price target raised to $83 from $77 at Stifel

Stifel analyst Brad Reback raised the firm’s price target on Workiva to $83 from $77 and keeps a Hold rating on the shares following the company’s "roughly in-line" Q1 top-line results. 2023 guidance "continues to look conservative," says the firm, which believes the firm is applying an "appropriate near-term multiple" as Workiva works to deliver meaningful margin expansion and steady S&S growth in coming quarters.

Published first on TheFly

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