Workiva (NYSE:WK) Price Target Cut to $80.00 by Analysts at BTIG Research

Workiva (NYSE:WK) had its target price lowered by BTIG Research from $90.00 to $80.00 in a report issued on Wednesday morning, Marketbeat reports. The firm currently has a buy rating on the software maker’s stock.

WK has been the topic of several other reports. BMO Capital Markets reduced their price target on Workiva from $92.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Stifel Nicolaus reduced their price target on Workiva from $98.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Truist Financial reiterated a “buy” rating and issued a $90.00 price target (down from $110.00) on shares of Workiva in a report on Friday, February 20th. The Goldman Sachs Group reiterated a “buy” rating and issued a $102.00 price target on shares of Workiva in a report on Friday, February 20th. Finally, Citigroup reiterated a “buy” rating on shares of Workiva in a report on Monday, February 23rd. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Workiva currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.33.

Workiva Stock Performance

Shares of NYSE WK opened at $51.57 on Wednesday. The business’s 50 day moving average price is $58.62 and its 200-day moving average price is $74.87. Workiva has a fifty-two week low of $49.44 and a fifty-two week high of $97.10. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 224.22 and a beta of 0.54.

Workiva (NYSE:WK) last issued its quarterly earnings results on Tuesday, May 5th. The software maker reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.11. Workiva had a negative return on equity of 57.27% and a net margin of 1.53%.The firm had revenue of $247.31 million for the quarter, compared to the consensus estimate of $245.17 million. During the same period in the prior year, the business posted $0.14 earnings per share. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. Sell-side analysts predict that Workiva will post 0.53 earnings per share for the current year.

Workiva declared that its board has approved a stock repurchase program on Monday, February 16th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the software maker to purchase up to 7.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WK. Caitong International Asset Management Co. Ltd purchased a new position in Workiva during the 4th quarter worth $26,000. Leonteq Securities AG purchased a new position in Workiva during the 4th quarter worth $27,000. EverSource Wealth Advisors LLC increased its holdings in Workiva by 217.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 391 shares of the software maker’s stock worth $34,000 after purchasing an additional 268 shares during the period. Allworth Financial LP boosted its position in Workiva by 82.3% during the 3rd quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock valued at $35,000 after acquiring an additional 186 shares in the last quarter. Finally, Quarry LP boosted its position in Workiva by 396.3% during the 4th quarter. Quarry LP now owns 407 shares of the software maker’s stock valued at $35,000 after acquiring an additional 325 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Key Workiva News

Here are the key news stories impacting Workiva this week:

• Positive Sentiment: Q1 results beat expectations: EPS $0.77 vs. $0.66 consensus and revenue $247.3M vs. $245.2M; revenue +19.9% YoY — shows continued top‑line growth. Workiva Announces First Quarter 2026 Financial Results
• Positive Sentiment: Management sharply raised EPS guidance: Q2 FY26 EPS guidance of $0.62–$0.65 and FY26 EPS $2.85–$2.95 — both well above prior consensus, signaling confidence in margin leverage. Earnings Presentation
• Neutral Sentiment: Analyst stance remains generally constructive — Raymond James reiterated a Buy — indicating some broker support despite volatility. Raymond James Sticks to Its Buy Rating for Workiva (WK)
• Neutral Sentiment: Full earnings-call transcript and slide deck are available for investors reviewing detail and management commentary. Workiva (WK) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Revenue guidance was roughly flat to slightly below expectations (Q2 revenue $250–$252M vs. ~252.1M consensus), which may have tempered enthusiasm despite EPS guidance. Workiva Q1 results and guidance (MarketBeat)
• Negative Sentiment: Some analysts trimmed price targets (Stifel to $65, BTIG to $80) — cuts can trigger selling even when ratings remain Buy. Benzinga: Price target changes
• Negative Sentiment: Commentary and headlines flagged a sharp intraday drop, likely driven by profit‑taking after a prior run and focus on valuation (high P/E), increasing sensitivity to any softness. Why Workiva (WK) shares are plunging today

Workiva Company Profile

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.