Fiverr's Promise In 2024: Analyst Sees Upswing Despite Current Market Uncertainty
Portfolio Pulse from Shivani Kumaresan
UBS analyst Kunal Madhukar initiated coverage on Fiverr International Ltd (FVRR) with a Buy rating and a price target of $33. Despite current market uncertainty, the analyst sees potential for growth in 2024. The analyst also compared Fiverr's valuation multiple to that of Upwork Inc (UPWK), which has historically traded at a discount to FVRR.
October 04, 2023 | 8:24 pm
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NEUTRAL IMPACT
The analyst compared Fiverr's valuation multiple to that of Upwork, which has historically traded at a discount to Fiverr.
The comparison of Fiverr's valuation multiple to Upwork's suggests that the analyst sees potential in Fiverr's stock. However, it does not directly indicate a positive or negative impact on Upwork's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
UBS analyst Kunal Madhukar initiated coverage on Fiverr with a Buy rating and a price target of $33, indicating potential for growth in 2024.
The analyst's Buy rating and price target of $33 for Fiverr indicates a positive outlook for the company's stock. This could lead to an increase in investor interest and potentially a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100