Tech Sector Rally, Workiva Underperformance

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The Motley Fool

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1 Glorious Growth Stock Down 42% You'll Regret not Buying on the Dip, According to Wall Street

Summary

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80% Informative

Workiva (NYSE: WK) offers a portfolio of software products to help companies streamline data aggregation and reporting.

Its stock is down 4% this year , and it's down 42% from its all-time high.

Wall Street is bullish on Workiva , seven of them have assigned it the highest-possible buy rating.

The company is now using its expertise to focus on environmental, social, and governance (ESG) reporting.

Workiva is down 42% from its record high, which was set in 2021 .

Wall Street's average price target for the next 12 months is $ 104.3 , which represents an upside of 14.3% from where the stock trades as of this writing: $ 91.49 .

I think the stock could exceed even the high end of Wall Street forecasts over the long term because management places the value of its financial opportunity at $35 billion .

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semi-formal

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English

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not hateful