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
See today’s best-performing stocks on TipRanks >>
Read More on WK: