Fiverr price target raised to $55 from $50 at JMP Securities

JMP Securities analyst Andrew Boone raised the firm’s price target on Fiverr to $55 from $50 and keeps an Outperform rating on the shares. The company’s Q4 profitability was better than expected while its management called for a trough in revenue growth in Q1, the analyst tells investors in a research note. The firm adds that an end to macro headwinds for Fiverr looks to be in sight, and its cohorts are likely to stabilize in 2023.