BTIG upgraded Fiverr (FVRR) to Buy from Neutral with a $31 price target which offers 23% upside. The company’s restructuring this week reduces headcount by 30%, generating $30M in cost savings, the analyst tells investors in a research note. The firm says that Fiverr allowed all the savings to hit the bottom line, its fiscal 2026 EBITDA would increase 30%, while the shares are only up 5% since the announcement. BTIG believes the stock is now “cheaper” than it was a week ago. In addition, the Federal Reserve rate cut this week will allow banks to lowering lending rates, which could improve hiring intentions, a benefit to Fiverr.
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