In a report released today, Bernie McTernan from Needham reiterated a Buy rating on Fiverr International, with a price target of $32.00.
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Bernie McTernan has given his Buy rating due to a combination of factors, primarily focusing on Fiverr International’s potential for future growth and current valuation. Despite a conservative outlook on GMV growth for 2026, McTernan notes that the stock is undervalued, trading at less than five times the adjusted EBITDA estimate for that year. This suggests that the market has not fully recognized the company’s potential.
McTernan highlights that the key to unlocking Fiverr’s stock value lies in a return to GMV growth, which is anticipated to be driven by product innovation rather than macroeconomic factors. Fiverr’s strategic push into higher-value offerings, such as dynamic matching and managed services, is expected to enhance average order value and customer retention, thereby positioning the company for long-term success. These initiatives are seen as crucial in driving future growth and justifying the Buy rating.
According to TipRanks, McTernan is a 4-star analyst with an average return of 5.8% and a 47.20% success rate. McTernan covers the Consumer Cyclical sector, focusing on stocks such as Super Group (SGHC), DraftKings, and Flutter Entertainment PLC.