Workiva Sell-Side Quiet Period Expires: Firms Come Out Bullish


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


The sell-side quiet period is over for Workiva Inc (NYSE: WK). Five major Wall Street research firms have issued positive ratings for the stock.

Stifel Nicolaus (Buy) and Morgan Stanley (Overweight) both set their price targets at $20

Stifel analyst Tom Roderick said in a report published Tuesday, “We believe the company offers a differentiated suite of business productivity solutions built on a competitively superior technology platform that has enabled the company to build a market-leading position with its SEC reporting product.”

Credit Suisse assumed coverage on Monday with an Outperform and an $18 price target. Other research firms recommending the stock are Raymond James and Robert W. Baird, both of which rate it Outperform, and respective price targets of $17.50 and $17.

The stock closed Tuesday at $13.98. This means that the lowest of the price targets implies an upside potential of more than 20 percent, while the highest ($20), over 40 percent.


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


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Posted In: Long IdeasPrice TargetInitiationAnalyst RatingsTrading IdeasCredit SuisseMorgan StanleyRaymond JamesRobert W. BairdStifel Nicolaus