Fiverr initiated with an Outperform at Scotiabank

Scotiabank initiated coverage of Fiverr (FVRR) with an Outperform rating and $31 price target The firm says the company is “breaking down barriers” in the labor market and is well positioned for the “evolving future of work.” Fiverr is solidifying its position as the go-to marketplace for flexible, scalable, and specialized workforce solutions, driving sustainable long-term growth, the analyst tells investors in a research note. Scotiabank believes the company benefits from a mix shift toward higher-value transactions, enhanced monetization levers, and disciplined cost management.