Fiverr International (FVRR – Research Report), the Communication Services sector company, was revisited by a Wall Street analyst today. Analyst Bernie McTernan from Needham maintained a Buy rating on the stock and has a $36.00 price target.
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Bernie McTernan has given his Buy rating due to a combination of factors associated with Fiverr International’s recent performance and future prospects. Despite the pressure on margins, Fiverr’s revenue for the fourth quarter exceeded expectations, highlighting its robust business model. The company also demonstrated a promising outlook with anticipated double-digit revenue growth in 2025, driven primarily by services revenue.
Additionally, the launch of Fiverr Go, a new marketplace for AI work, is expected to enhance their service offerings and could be pivotal in driving future growth. This strategic initiative, along with planned operational expenditure investments, underpins McTernan’s positive outlook for the company’s long-term potential. These elements collectively justify the Buy rating as Fiverr positions itself for sustained expansion in the evolving digital marketplace.
In another report released today, JMP Securities also maintained a Buy rating on the stock with a $36.00 price target.