Fiverr

FVRR

Market cap $841M

Fiverr (FVRR) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Investors are bearish on these gig economy platforms because of the risks from artificial intelligence.

The mean of analysts' price targets for Fiverr (FVRR) points to a 33.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

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Fiverr International (FVRR) concluded the recent trading session at $23.51, signifying a -2.12% move from its prior day's close.

Investors were concerned that artificial intelligence would reduce activity on the Fiverr (FVRR -3.31%) platform.

The rising effectiveness of AI threatens to decrease activity on the Fiverr (FVRR -4.93%) platform, which could be terrible news for investors.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Fiverr International (FVRR) closed at $25.34 in the latest trading session, marking a -4.99% move from the prior day.

Fiverr (FVRR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.