Fiverr price target raised to $32 from $29 at Roth MKM

Roth MKM analyst Rohit Kulkarni raised the firm’s price target on Fiverr to $32 from $29 and keeps a Buy rating on the shares after its Q2 earnings beat. The company posted a perfect combo of margin expansion, M&A, and buybacks supported by free cash flow acceleration, the analyst tells investors in a research note. Fiverr’s Summer Product Release and acquisition of AutoDS are “strong suits” and supportive of the company’s ability to shift into a multi-solution platform, the firm added.