Fiverr International (NASDAQ:FVRR) shares climbed more than 9% on Friday, as investors viewed the stock’s valuation as attractive following its second-quarter earnings report. The company’s recent restructuring initiatives are expected to deliver roughly $30 million in cost savings, further boosting sentiment.
Analysts led by Marvin Fong upgraded Fiverr to Buy from Neutral, setting a price forecast of $31, implying 23% upside from Thursday’s close.
