UBS thinks Fiverr International can use a lead in job listings to pick up steam in 2024.
The firm initiated the stock with a buy rating in a Tuesday note and a $33 per share price target.
UBS' forecast implies more than 36% upside from Tuesday's $25.16 close.
Analyst Kunal Madhukar said Fiverr's lead in overall job listings and higher trending multiples heading into 2024 underpinned his bullish forecast on the stock.
FVRR YTD mountain Fiverr International stock.
Persons:
Fiverr, Kunal Madhukar, Fiverr's, Madhukar, — CNBC's Michael Bloom
Organizations:
UBS, 2Q
Locations:
Fiverr, 1Q23