Evaluating Thoughtworks Holding: Insights From 5 Financial Analysts
Portfolio Pulse from Benzinga Insights
Thoughtworks Holding (NASDAQ:TWKS) has been evaluated by 5 financial analysts over the last three months, showing a shift towards a more cautious stance with 1 somewhat bullish and 4 indifferent ratings recently. The average 12-month price target for TWKS has been adjusted to $3.93, down from $4.75, indicating a 17.26% decrease. Analysts from firms like Baird, Citigroup, RBC Capital, and Piper Sandler have updated their ratings and price targets, reflecting changes in market dynamics and company performance. Thoughtworks faces revenue challenges with a -18.78% growth over 3 months and has a below-industry average market capitalization, yet it maintains strong profitability metrics such as net margin and ROE.
May 08, 2024 | 12:00 pm
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Thoughtworks Holding's stock may face short-term pressure due to the downward revision of its 12-month price target and a cautious stance from analysts, despite strong profitability metrics.
The reduction in the average price target and the predominance of indifferent ratings suggest a cautious or bearish outlook from analysts, which could lead to short-term pressure on TWKS's stock price. However, the company's strong profitability metrics, such as net margin and ROE, provide a counterbalance that might mitigate the negative impact to some extent.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100