Goldman Sachs lowered the firm’s price target on Fiverr (FVRR) to $44 from $47 but keeps a Buy rating on the shares. The company’s Q2 earnings report highlighted a number of themes, including a solid revenue performance driven by continued strength in Services revenue, solid buyer behavior among larger clients and continued headwinds in the SMB space driven by macro conditions, the analyst tells investors in a research note. The firm further cites Fiverr’s continued push to move up market with growth and budget allocation deepening across higher-value clients.
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