Could Workiva Inc (WK) See a Reversal After Breaking All Highs?

July 17, 2017 - By Marry Poplack

The stock of Workiva Inc (NYSE:WK) reached all time high today, Jul, 17 and still has $20.75 target or 3.00 % above today’s $20.15 share price. This indicates more upside for the $822.94M company. This technical setup was reported by If the $20.75 PT is reached, the company will be worth $24.69 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.00% or $0.2 during the last trading session, reaching $20.15. About 90,040 shares traded. Workiva Inc (NYSE:WK) has risen 44.77% since July 17, 2016 and is uptrending. It has outperformed by 28.07% the S&P500.

Workiva Inc (NYSE:WK) Ratings Coverage

Among 6 analysts covering Workiva (NYSE:WK), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Workiva had 7 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Buy” rating by Suntrust Robinson on Tuesday, June 27. SunTrust initiated Workiva Inc (NYSE:WK) rating on Monday, June 26. SunTrust has “Buy” rating and $2200 target. The stock of Workiva Inc (NYSE:WK) has “Neutral” rating given on Thursday, November 10 by Credit Suisse. On Thursday, August 6 the stock rating was maintained by Northland Capital with “Outperform”. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, January 23. As per Friday, November 6, the company rating was maintained by Northland Capital.

More recent Workiva Inc (NYSE:WK) news were published by: which released: “Workiva Plans More Than 60 Sessions for Annual User Conference” on June 15, 2017. Also published the news titled: “Gartner Names Workiva a Leader in 2017 Magic Quadrant for Cloud Financial …” on July 11, 2017.‘s news article titled: “Why Workiva Inc. Stock Fell Sharply” with publication date: November 10, 2016 was also an interesting one.

Workiva Inc. provides enterprises with cloud solutions for improving productivity, accountability and insight into business data. The company has market cap of $822.94 million. The Firm created Wdesk, a collaborative work management platform for organizations to collect, link, report and analyze their business data. It currently has negative earnings. Wdesk’s word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail.

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