Expert Outlook: Thoughtworks Holding Through The Eyes Of 4 Analysts
Portfolio Pulse from Benzinga Insights
Thoughtworks Holding (NASDAQ:TWKS) has been evaluated by 4 analysts over the last three months, with a consensus of being indifferent. The average 12-month price target has been lowered to $3.41, a 27.29% decrease, reflecting a negative shift in sentiment. Analysts from Citigroup, RBC Capital, and Piper Sandler have lowered their price targets, citing challenges in revenue growth, net margin, and return metrics. Thoughtworks faces revenue decline and profitability challenges, with a significant decrease in top-line earnings and below-average net margin and ROE.
April 22, 2024 | 9:01 pm
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NEGATIVE IMPACT
Thoughtworks Holding's stock may face short-term pressure due to lowered analyst price targets and negative sentiment reflecting its revenue decline and profitability challenges.
The unanimous indifferent stance from analysts, combined with a significant reduction in the average price target, indicates a bearish outlook for Thoughtworks. The detailed financial challenges such as revenue decline, below-average net margin, and ROE further substantiate the potential for stock underperformance in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100