A Look at Workiva’s (WK) Valuation Following Strong Q3 Growth and Raised Guidance

Workiva (WK) saw its stock move after posting a strong third-quarter earnings report, with revenue climbing to $224 million and swinging to positive net income from last year’s loss. The company also raised its full-year guidance, which indicates confidence in growth heading into 2026.

See our latest analysis for Workiva.

It has been an eventful period for Workiva, with shares rallying over 18% in the past three months as investors responded to upbeat earnings, a raised full-year outlook, and the strategic hire of a new Chief Revenue Officer. While the 1-year total shareholder return remains modest at just under 1%, recent momentum hints at renewed confidence in the company’s growth trajectory as it heads into 2026.

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But after this rally and raised outlook, is Workiva still trading below its intrinsic value, or have investors already fully priced in future growth, leaving little room for upside for new buyers?

Most Popular Narrative: 14.8% Undervalued

At $90.70 a share, Workiva trades well below the narrative's fair value estimate, which implies room for further upside if forecasted catalysts play out.

There is a strong demand for Workiva's sustainability reporting solutions in light of new regulations like the CSRD in Europe, along with a growing market for science-based target reporting, which is expected to enhance their subscription revenues significantly.

Read the complete narrative.

Want to know the secret behind this bullish narrative? Analysts expect Workiva to hit growth targets and ramp up margins, but how ambitious are their forecasts? The price target depends on a profit surge and optimistic future valuation. Curious to see which bold assumptions power that fair value? Dive deeper for unexpected numbers.

Result: Fair Value of $106.50 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, risks remain. Regulatory changes in Europe or a global economic slowdown could quickly shift Workiva's growth outlook and challenge this bullish narrative.

Find out about the key risks to this Workiva narrative.

Build Your Own Workiva Narrative

If you think you see things differently, or want to dig into the numbers yourself, you can easily craft your own Workiva view in just minutes. Do it your way

A great starting point for your Workiva research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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