Workiva maintains full-year growth outlook and raises profitability estimates despite a lowered price target from Raymond James.
Raymond James analyst Alexander Sklar reduced Workiva Inc. (NYSE:WK) price target to $85 from $90 while maintaining an Outperform rating. The adjustment follows a solid Q1 performance, driven by larger deal sizes, strong retention, and increased AI adoption, which also led to raised profitability estimates.
Workiva reaffirmed its full-year growth outlook and expects incremental EBIT margins to exceed 50%. The company projects Q2 2026 revenue between $250 million and $252 million, supported by AI-powered innovation and platform enhancements. Despite limited upside to future guidance, the firm sees high-teens subscription growth potential.
CEO Marty Vanderploeg stated the company is well-positioned to capitalize on market opportunities, reflecting confidence in its platform’s strength and innovation commitment.