Fiverr price target raised to $37 from $32 at Roth MKM

Roth MKM analyst Rohit Kulkarni raised the firm’s price target on Fiverr (FVRR) to $37 from $32 and keeps a Buy rating on the shares. The company posted a perfect combo of revenue upside, margin expansion, and savvy capital allocation supported by free cash flow acceleration, the analyst tells investors in a research note. Fiverr’s Summer Product Release and acquisition of AutoDS are its “strong suits” and supportive of the company’s ability to shift into a multi-solution platform, the firm added.