Needham raised the firm’s price target on Fiverr to $36 from $33 and keeps a Buy rating on the shares. The company’s Q1 results were slightly ahead of expectations, leading Fiverr to take its guidance up for the year slightly, the analyst tells investors in a research note. The quarter also marked an important milestone for Fiverr with Gross Merchandise Value growth modestly accelerating following 11 quarters of decline, Needham added.
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