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Fly News Breaks for November 7, 2019
WK
Nov 7, 2019 | 08:42 EDT
Stifel analyst Tom Roderick reiterates his Buy rating and target price of $68 on Workiva shares after the company's Q3 revenue and EPS beat expectations, driven by large customer success that headlined its 23% Subscription growth. While total bookings of $77.8M fell a bit short of the consensus $80.5M estimate, Roderick said " this figure has proven to be a bit choppy over the years." He remains encouraged by Workiva's "multi-pronged growth story," the analyst added in a post-earnings note.
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