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.

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 potential of WK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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