Citi reaffirms Buy rating on Workiva despite 36% decline, sees selloff as buying opportunity

From Financial Modeling Prep: 2025-04-10 23:01:00

Citi maintains a Buy rating on Workiva (NYSE:WK) with a $130 price target despite a 36% decline this year. The recent selloff is attributed to concerns over European sustainability regulations, but Citi believes the reaction is excessive. Workiva’s platform strength and long-term growth prospects remain strong.

Trading at 3.8x enterprise value to revenue and 24.4x EV to free cash flow, Workiva is seen as attractively priced by Citi. Regulatory uncertainty may impact performance in the near term, but the bank views this as temporary. With limited exposure to international markets, Workiva is less affected by broader macro challenges.

Citi’s bullish view on Workiva is supported by the company’s strong platform and long-term growth potential. Despite concerns over European sustainability regulations, the bank believes the recent selloff is excessive. With attractive pricing and limited exposure to international markets, Workiva is well-positioned to weather broader macro challenges.



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