FVRR - Why Fiverr International Stock Exploded Higher Thursday
Shares of Fiverr International (NYSE: FVRR) roared higher Thursday, surging as much as 17.5%. By the end of the day, the stock was still up 17.3%.
While the broader market rally was no doubt a contributing factor, the company continued to ride the wave of its robust third-quarter financial results , as well as the bullish commentary from a Wall Street analyst.
After Fiverr's well-received quarterly report, Piper Sandler analyst Matt Farrell had plenty of positive things to say. He noted the company executed very well, particularly in light of the current macroeconomic challenges.
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Why Fiverr International Stock Exploded Higher Thursday