Analyst Bernie McTernan of Needham reiterated a Buy rating on Fiverr International, retaining the price target of $32.00.
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Bernie McTernan has given his Buy rating due to a combination of factors related to Fiverr International’s recent strategic decisions. The company announced a restructuring plan aimed at accelerating innovation by streamlining management layers and enhancing its ability to integrate AI technologies. This move is perceived as a proactive step to boost the company’s growth prospects.
McTernan has adjusted his financial estimates for Fiverr, increasing the 2026 EBITDA forecast by $10 million, reflecting a 9% rise. While maintaining the 2025 estimates, he suggests there is potential for upside if the benefits of the restructuring are realized sooner than anticipated. These factors collectively underpin his positive outlook on Fiverr’s stock performance.
McTernan covers the Consumer Cyclical sector, focusing on stocks such as Super Group (SGHC), Flutter Entertainment PLC, and DraftKings. According to TipRanks, McTernan has an average return of 9.9% and a 54.11% success rate on recommended stocks.
In another report released yesterday, J.P. Morgan also maintained a Buy rating on the stock with a $30.00 price target.