Here Is Why Workiva (WK) Appears So Attractive

Workiva Incorporated (NYSE:WK) is one of the 12 oversold software stocks to invest in.

As of the February 16 closing, sentiment around Workiva Incorporated remains highly bullish. The stock received Buy ratings from all 4 analysts covering it. It has a projected median 1-year price target of $109, implying 76% upside.

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On February 9, Terry Tillman of Truist Securities reaffirmed his Buy rating on Workiva Incorporated. He set a $110 price target for the stock, implying almost 78% upside from the current level.

Tillman noted relatively better performance from Workiva Incorporated compared with the median 21% drop across the software names it tracks. He highlighted the company’s “unique nature of markets served with tech, competitive & network effect moats.”

Tillman also shared optimism around the company’s growth prospects based on subscription and support revenues. As per his forecast, the company can register growth in the high-teens to above 20%, over a prolonged horizon.

Workiva Incorporated is a technology company that offers a cloud-based SaaS platform for reporting solutions. The platform enables an integrated, audit-ready reporting system for ESG, financial, and GRC data. Its capabilities include data-linking, audit trail, administrator access management, data transformation, ERP solutions, and human capital management.

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This article is originally published at Insider Monkey.