Citi raised the firm’s price target on Fiverr (FVRR) to $40 from $39 and keeps a Buy rating on the shares. The firm updated the company’s model post the Q1 report. While the macro environment continues to impact Fiverr’s active buyer growth, demand continues to stabilize, the analyst tells investors in a research note. Citi emerged from the Q1 report “encouraged” with Fiverr’s upmarket strategy.
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