Analysts slashed their price targets on Fiverr International Ltd (NYSE:FVRR) post Q1 results. JMP Securities analyst Andrew Boone maintained a Market Outperform and lowered the price target from $120 to $55.
Fiverr reported solid 1Q22 results, although with March revenue below trend by low-double digits in Europe and low-single digits in the U.S. and weakness continuing into April, 2Q revenue guidance was 6% below consensus while lowering 2022 revenue guidance by 6% at the midpoints.
