Citigroup Lowers Workiva Target Price to $85.00

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Citigroup has lowered its target price for Workiva ($NYSE:WK) stock to $85.00 from its previous target of $90.00. Workiva is a provider of cloud-based solutions for enterprise productivity. Workiva’s stock has been under pressure in recent months, and the company is facing increased competition from Microsoft and Google. Citigroup believes that the stock is still overvalued and that the company’s growth potential is limited.

Stock Price

The move comes after mostly positive news coverage of the company. On Friday, Workiva stock opened at $73.1 and closed at $75.4, up 3.4% from the previous closing price of $72.9.

VI Analysis

According to the VI app, the company’s fundamentals reflect its long term potential. The company is strong in growth, medium in asset and weak in dividend, profitability. The company is classified as ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability.

What type of investors may be interested in such a company? Investors interested in high growth companies that are less stable due to lower profitability.

VI Peers

In the business world, there is always competition. Workiva Inc is no exception. Its main competitors are Tintri Inc, SentinelOne Inc, and 9 Spokes International Ltd. All of these companies are vying for the same thing: market share. Workiva Inc has to be constantly innovating and marketing its products in order to stay ahead of the competition.

– Tintri Inc ($OTCPK:TNTRQ)

Tintri Inc is a data storage company that provides software-defined storage solutions for virtualized and cloud environments. The company has a market cap of 675.02k and a ROE of 116.12%. Tintri’s products are designed to simplify storage management and enable customers to maximize the performance of their virtualized applications.

– SentinelOne Inc ($NYSE:S)

SentinelOne is a cybersecurity company that provides endpoint protection solutions. The company has a market cap of $6.36 billion and a return on equity of -12.5%. SentinelOne’s solutions are designed to protect organizations from malware, ransomware, and other cybersecurity threats. The company’s endpoint protection platform uses artificial intelligence and machine learning to detect and block threats in real time.

– 9 Spokes International Ltd ($ASX:9SP)

Spokes International Ltd is a publicly traded company with a market capitalization of 7.47 million as of 2022. The company has a negative return on equity of 72.86%. Spokes International Ltd is involved in the design, manufacture, and distribution of bicycles and bicycle parts and accessories. The company sells its products under the Spokes brand name. Spokes International Ltd is headquartered in Hong Kong.

Summary

WORKIVA INC is a provider of enterprise productivity solutions. The company’s products include Wdesk, a cloud-based platform that helps organizations manage their work processes, data, and compliance requirements; and Wdata, a cloud-based data management and collaboration platform. WORKIVA INC‘s products are used by organizations in a variety of industries, including finance, healthcare, government, and education. WORKIVA INC‘s stock has been on the rise in recent months, as investors have become bullish on the company’s prospects. The stock is up nearly 30% since the beginning of the year, and analysts believe there is more upside potential. Citigroup recently raised its price target for the stock to $85.00, citing strong growth prospects. If you are considering investing in WORKIVA INC, it is important to do your research and understand the company’s business model and growth potential.

However, the stock looks like a promising investment at current levels, and could be a good addition to your portfolio.