Core Insights - Workiva's business is experiencing significant growth, with Wall Street optimistic about its stock performance in the near future [1][3] - The company has developed a platform that integrates various digital applications, addressing the challenges faced by managers in data reporting [2][5] - Workiva's recent enhancements include an AI-powered virtual assistant that streamlines the reporting process, making it easier for managers to generate reports [5][6] Financial Performance - Workiva reported $224 million in revenue for Q3 2025, exceeding management's guidance and reflecting a 21% year-over-year growth [7] - The company has raised its full-year revenue guidance for 2025 to $881 million, indicating strong momentum driven by high-spending customers [9] - The number of customers with annual contract values of at least $300,000 and $500,000 increased by 41% and 42% year-over-year, respectively [10] Customer Metrics - Workiva achieved a net revenue retention rate of 114% in Q3, indicating existing customers are spending 14% more compared to the previous year [11] - The company is seeing a growing demand from large organizations, which is contributing to its revenue growth and customer expansion [2][10] Analyst Ratings and Market Outlook - The majority of analysts covering Workiva stock have a buy rating, with an average price target of $106.90, suggesting a potential 16% upside [12] - The stock is currently trading at a price-to-sales (P/S) ratio of 6.1, below its long-term average of 7.2, indicating potential for further appreciation [13] - Workiva has significant growth potential in its $35 billion addressable market, suggesting long-term upside beyond current expectations [14]
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