Wall Street Analysts See Upside Potential for 5 Stocks with Rising Price Targets

01. Workiva Inc. (NYSE:WK)

Upside Potential: 25%

In a notable development within the technology sector, Baird analyst Rob Oliver has expressed a positive outlook on Workiva Inc. (NYSE:WK). On September 20, he raised the price target for the company’s stock from $125 to $134. This price target adjustment signals his continued confidence in Workiva Inc. (NYSE:WK) growth potential. As of the most recent market data, Workiva Inc. (NYSE:WK) is trading at $107.55, indicating a modest 0.4% increase from its previous trading price. While the increase may appear incremental, it should be considered within broader market dynamics and the optimism conveyed by Rob Oliver’s upward revision of the price target. Rob Oliver’s decision to maintain the “Outperform” rating and raise the price target to $134 underscores his positive outlook for Workiva Inc. (NYSE:WK) stock performance. The new price target suggests a potential upside of 25% from the current trading price, emphasizing his belief in Workiva Inc. (NYSE:WK) ability to deliver strong results and remain competitive within the industry.

Mairs & Power Small Cap Fund made the following comment about Workiva Inc. (NYSE:WK) in its first quarter 2023 investor letter:

“Also helping relative performance were Workiva Inc. (NYSE:WK) in Technology, an Iowa-based provider of software for reporting and governance that is seeing early traction in ESG data collection and reporting which is a newer market for the firm.”

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