Fiverr price target lowered to $32 from $37 at Citi

Citi lowered the firm’s price target on Fiverr to $32 from $37 and keeps a Buy rating on the shares. The firm says that although Fiverr delivered mixed Q4 results and 2024 outlook, it is encouraged to see greater overall adoption of its Complex Services, progress with the strategic shift upmarket, and expanding margins. However, macro pressures continue to weigh on demand, particularly across its more Simple Services, the analyst tells investors in a research note.