Goldman Sachs Upgrades Fiverr International, Highlights AI-Driven Product Innovation in 2024 As Strong Catalyst
Fiverr International Ltd (NYSE:FVRR) stock is trading higher Friday after Goldman Sachs analyst Eric Sheridan upgraded the stock rating from Neutral to Buy and a $43 price target.
The re-rating reflected continued re-acceleration of revenue in 2024 driven by stabilizing macro (net adds improving through the year), spend per buyer growth, international progress, and continued Promoted Listing & Seller Plus adoption.
The analyst also flagged incremental improvements in profitability with a focus on marketing efficiency and higher-value buyers (higher Day 1 spending, higher LTV driven by frequency and retention).
Sheridan also highlighted product …
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