Fiverr International (NYSE:FVRR) shares rose around 7% intra-day today after Roth MKM upgraded the company from Neutral to Buy and maintained a price target of $33 per share. The analysts shared that their recent survey results were favorable for Fiverr. Additionally, the analysts believe that AI could provide a significant boost to gig sector platforms.
They also highlighted that Fiverr’s recent stock pullback has resulted in attractive valuation levels, further supported by positive macro trends. The analysts noted that based on their latest survey, both corporate buyers and freelancers have a more positive outlook on gig platforms compared to May 2023 and January 2023, although it remains below early 2022 levels.