JMP Securities Maintains Market Outperform on Fiverr Intl, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Andrew Boone has maintained a Market Outperform rating on Fiverr Intl (NYSE:FVRR) but reduced the price target from $50 to $40.
November 10, 2023 | 7:46 pm
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NEGATIVE IMPACT
JMP Securities reaffirmed a Market Outperform rating on Fiverr Intl but lowered the price target from $50 to $40, indicating a potential downside compared to the previous target.
The reduction in price target by JMP Securities suggests that they see less upside potential for Fiverr Intl's stock price in the short term. This could lead to a negative investor sentiment and a possible decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100