RBC Capital Maintains Sector Perform on Fiverr Intl, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brad Erickson has maintained a 'Sector Perform' rating on Fiverr Intl (NYSE:FVRR) but has reduced the price target from $34 to $26.
November 10, 2023 | 7:07 pm
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NEGATIVE IMPACT
RBC Capital has maintained a 'Sector Perform' rating on Fiverr Intl but lowered the price target from $34 to $26, indicating a potential downside compared to the previous target.
The reduction in price target by RBC Capital suggests that the analyst sees less upside potential for Fiverr Intl's stock price in the short term. This could lead to negative investor sentiment and a potential decrease in the stock price as the market adjusts to the new analyst expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100