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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 (NYSE:WK) 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 (NYSE:WK). 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 (NYSE:WK) 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 (NYSE:WK) 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.

While we acknowledge the risk and potential of WK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WK and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 15 Most Promising Mid-Cap Healthcare Stocks Under $50 and 11 Most Promising Small-Cap Industrial Stocks Under $50.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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