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Fiverr price target lowered to $32 from $35 at Roth Capital

Roth Capital lowered the firm’s price target on Fiverr (FVRR) to $32 from $35 and keeps a Buy rating on the shares. The company reported a “small” Q2 earnings beat and provided a “somewhat soft” Q3 outlook, while its Core Marketplace business remains stable but isn’t growing, the analyst tells investors in a research note. At current levels, Fiverr valuation feels reasonable with limited downside, Roth added.

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