Will Workiva Inc. (WK) Run Out of Steam Soon?

February 15, 2018 - By Michael Collier

The stock of Workiva Inc. (NYSE:WK) reached all time high today, Feb, 15 and still has $27.90 target or 9.00 % above today’s $25.60 share price. This indicates more upside for the $1.07B company. This technical setup was reported by Barchart.com. If the $27.90 PT is reached, the company will be worth $96.57M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 4.28% or $1.05 during the last trading session, reaching $25.6. About 104,159 shares traded. Workiva Inc. (NYSE:WK) has risen 44.77% since February 15, 2017 and is uptrending. It has outperformed by 28.07% the S&P500.

Analysts await Workiva Inc. (NYSE:WK) to report earnings on February, 22. They expect $-0.37 earnings per share, down 105.56 % or $0.19 from last year’s $-0.18 per share. After $-0.34 actual earnings per share reported by Workiva Inc. for the previous quarter, Wall Street now forecasts 8.82 % negative EPS growth.

Workiva Inc. (NYSE:WK) Ratings Coverage

Among 8 analysts covering Workiva (NYSE:WK), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Workiva had 19 analyst reports since August 6, 2015 according to SRatingsIntel. Robert W. Baird maintained Workiva Inc. (NYSE:WK) on Thursday, September 21 with “Neutral” rating. The firm earned “Outperform” rating on Thursday, August 6 by Northland Capital. Northland Capital maintained it with “Buy” rating and $1800 target in Thursday, July 27 report. The stock of Workiva Inc. (NYSE:WK) earned “Buy” rating by SunTrust on Monday, June 26. The firm has “Buy” rating given on Wednesday, November 8 by Stifel Nicolaus. The company was maintained on Thursday, August 3 by Stifel Nicolaus. The stock of Workiva Inc. (NYSE:WK) has “Neutral” rating given on Wednesday, November 8 by Credit Suisse. The stock has “Buy” rating by Northland Capital on Friday, October 27. The stock of Workiva Inc. (NYSE:WK) has “Equal-Weight” rating given on Tuesday, July 25 by Morgan Stanley. Morgan Stanley maintained the stock with “Equal-Weight” rating in Monday, October 23 report.

Another recent and important Workiva Inc. (NYSE:WK) news was published by Businesswire.com which published an article titled: “Workiva to Report Fourth Quarter and Full Year 2017 Results” on January 18, 2018.

Workiva Inc. provides cloud solutions for enterprises to improve productivity, accountability, and insight into business data in the United States and internationally. The company has market cap of $1.07 billion. It offers solutions for finance and accounting, audit and internal controls, risk and compliance, and activities markets. It currently has negative earnings. The firm provides Wdesk, a collaborative work management platform to collect, link, report, and analyze the business data, as well as to create, review, and publish data-linked documents and reports.

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