Ali Ahmed
2 min read
In This Article:
On Friday, May 23, Citi analysts increased the price target on Fiverr International Ltd. (NYSE:FVRR) from $39 to $40 and kept a “Buy” rating.
This decision came after the company’s Q1 2025 results, which showed signs of demand stabilization despite ongoing economic challenges that affect the growth of Active Buyers.
A freelancer typing at a laptop, coffee in hand, at an outdoor cafe with a view of the city skyline.
Fiverr International Ltd. (NYSE:FVRR) is focused on higher-value projects and this strategy seems to be working. The company signed multiple contracts worth more than $100,000 through Fiverr Pro. Additionally, the company reported an increase of 9% year-over-year in Spend per Buyer.
The company has seen promising results from its recent launch of Fiverr Go, especially with the Personal Assistant feature. In just 2 months, this feature has helped increase 14-day conversion rates by 10% compared to past averages. Fiverr International Ltd. (NYSE:FVRR) can expand into new categories and attract more sellers to use the feature, boosting revenue from Seller Services.
Citi analysts also praised the company for effectively managing its finances, including the execution of a $100 million buyback program. Fiverr International Ltd.’s (NYSE:FVRR) growing margins were also highlighted as a positive indicator of financial health. According to Citi, the company’s strategic steps and new services like Fiverr Go will continue to support its growth trajectory and contribute to its success in the competitive online marketplace sector.
Fiverr International Ltd. (NYSE:FVRR) is an Israeli multinational company that operates an online platform for freelance services, connecting freelancers to people or businesses looking for services.
While we acknowledge the potential of FVRR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FVRR and that has a 100x upside potential, check out our report about the cheapest AI stock.
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Disclosure: None.
