Fiverr price target lowered to $35 from $37 at Roth MKM

Roth MKM lowered the firm’s price target on Fiverr (FVRR) to $35 from $37 but keeps a Buy rating on the shares. The company’s revenue upside was more than offset by mixed profitability and incremental segment disclosure, but the recently launched AI chatbot for customer service and Gen AI toolkit for freelancers represent “significant potential 2025 catalysts” for Fiverr, the analyst tells investors in a research note. While macro remains challenged for Fiverr, the slightest supportive end-markets could increase the likelihood of fundamental upside as the year progresses, Roth adds.