Analysts Are Bullish on These Technology Stocks: Digimarc Corp (DMRC), Workiva Inc (WK)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Digimarc Corp (DMRCResearch Report) and Workiva Inc (WKResearch Report) with bullish sentiments.

Digimarc Corp (DMRC)

In a report released today, Gus Richard from Northland Securities maintained a Buy rating on Digimarc Corp, with a price target of $55. The company’s shares closed last Monday at $41.02.

Richard commented:

“We believe that the Company is positioned in front of two significant opportunities. DMRC announced a deal with Walmart to address food waste, inventory management, and speed checkout. The second opportunity is addressing the low rate of plastic recycling. Consumer Packaged Goods companies are motivated to find a way to improve their plastic recycling rates due to recent EU regulations and consumer preference for companies that are focused on sustainable practices. DMRC’s technology is the preferred solution coming out of the Holy Grail project that was a proof of concept program to improve plastic recycling sorting yields.”

According to, Richard is a top 100 analyst with an average return of 22.8% and a 67.4% success rate. Richard covers the Consumer Goods sector, focusing on stocks such as Northern Technologies International Corp, Adesto Technologies Corp, and SolarEdge Technologies.

The word on The Street in general, suggests a Hold analyst consensus rating for Digimarc Corp.

See today’s analyst top recommended stocks >>

Workiva Inc (WK)

In a report released today, Michael Grondahl from Northland Securities maintained a Buy rating on Workiva Inc, with a price target of $62. The company’s shares closed last Monday at $43.25.

Grondahl commented:

“We believe WK has a handful of compelling growth opportunities moving forward and with the recent pullback after the convertible note and secondary offering, we believe the shares appear attractive. Reiterate OP and $62 PT. EMEA will be a large growth driver moving forward and WK believes the region can represent 25% or more of total revenue over time. The ESEF iXBRL mandate from ESMA is set to go in place for the 2020 reporting year. This mandate includes ~5,300 filers and more in-depth footnote requirements will start in 2022. It sounds like the competitive environment will be a nice benefit to WK as the potential competition in Europe is a lot further behind relative to when the U.S. market began and today WK is 78% of this XBRL market. So, if WK has an even better starting point in EMEA, this is a good sign.”

According to, Grondahl is a 5-star analyst with an average return of 16.3% and a 57.1% success rate. Grondahl covers the Financial sector, focusing on stocks such as Front Yard Residential Corporation, Altisource Portfolio Solutions SA, and Health Insurance Innovations.

Workiva Inc has an analyst consensus of Moderate Buy, with a price target consensus of $57.67, implying a 26.8% upside from current levels. In a report released yesterday, SunTrust Robinson also maintained a Buy rating on the stock with a $65 price target.

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