Morgan Stanley Sees Things Off To Solid Start For Workiva

In a report published Thursday, Morgan Stanley analyst Jennifer Swanson Lowe reiterated an Overweight rating and $20.00 price target on

. In the report, Morgan Stanley noted, "Q4 beat while CY15 moves slightly higher, and shares look relatively cheap at 2.8xEV/CY16 sales or 0.12x growth. Guidance implies accelerating growth throughout CY15, but WK hit its Q4 sales hiring goals which should provide a tailwind while hitting growth targets can drive shares higher." Workiva closed on Wednesday at $14.51.