Needham Maintains Buy on Fiverr Intl, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Bernie McTernan maintains a Buy rating on Fiverr Intl (FVRR) but lowers the price target from $40 to $33.
February 23, 2024 | 10:18 am
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NEUTRAL IMPACT
Needham maintains a Buy rating on Fiverr Intl but lowers the price target from $40 to $33.
While the maintenance of a Buy rating indicates continued confidence in Fiverr Intl's fundamentals and growth prospects, the reduction in the price target could suggest a reassessment of the company's near-term valuation or market conditions. This mixed signal might lead to neutral short-term price movement as investors weigh the positive endorsement against the lowered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100