AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Citi Lowers Workiva Price Target to $105 from $108
ByAinvest
Wednesday, Jul 16, 2025 6:38 am ET1min read
Citi analyst Steven Enders lowered the price target for Workiva (WK) to $105 from $108 and maintains a Buy rating. The firm sees achievable estimates with a low bar heading into earnings. The summary focuses on the principal points of the article, which are the price target reduction and the analyst's optimistic outlook for the company's earnings.
Citi analyst Steven Enders recently reduced the price target for Workiva (WK) to $105, down from the previous $108, while maintaining a Buy rating. The analyst believes that Workiva's earnings estimates are achievable and that the company is positioned well for future growth [1].Enders' reduction in the price target reflects a cautious approach to the company's valuation, despite the analyst's optimism regarding Workiva's earnings prospects. The analyst noted that the company's revenue growth and customer retention have been strong, but there are significant financial risks due to net losses and negative equity. Additionally, the analyst highlighted the impact of cautious market sentiment on the overall outlook for the company [1].
Workiva has been a focus of analyst attention in recent months, with a strong consensus of Buy ratings. According to TipRanks, the company has received 16 Buy Ratings in the current month, with no Hold or Sell Ratings [1]. The average analyst price target for Workiva over the past three months is $97.67, indicating a 45.47% upside potential from the current stock price of $67.14 [1].
The reduction in the price target by Citi comes as the company prepares for its next quarterly earnings report. Analysts expect the company to report earnings of $0.05 per share, with a range of $0.05 to $0.07. The previous quarter's earnings per share (EPS) was $0.14, and the company has not beaten its EPS estimate in the past 12 months [1].
In summary, Citi analyst Steven Enders' reduction in the price target for Workiva reflects a cautious but optimistic outlook for the company's earnings prospects. The analyst believes that the company's strong revenue growth and customer retention will drive future growth, despite the significant financial risks and cautious market sentiment.
References:
[1] https://www.tipranks.com/stocks/wk/forecast
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet