Workiva Plunges 10.37% Amid Analyst Cuts

On April 7, 2025, Workiva's stock experienced a significant drop of 10.37% in pre-market trading, reflecting investor concerns and market sentiment.

Workiva, despite being currently unprofitable, has managed to deliver a 108% return to shareholders over the past five years. This long-term performance indicates that the company has been able to create value for its investors, even in the face of short-term challenges.

Goldman Sachs Group recently adjusted its target price for Workiva, lowering it from $132.00 to $118.00 while maintaining a "buy" rating. This adjustment suggests that while the firm still sees potential in Workiva, it has tempered its expectations for the company's near-term performance.

Truist also revised its price target for Workiva, reducing it from $120 to $95. Despite this reduction, Truist continues to hold a "buy" rating on the shares, indicating that the firm believes in the company's long-term prospects.