2024-06-21 10:22:31 ET
Summary
- Fiverr International's current 10x forward EBITDA valuation already factors in a best-case scenario, limiting potential upside.
- Despite a strong balance sheet and meaningful free cash flow, Fiverr's growth rates are slowing to single digits, with expectations of around 6% for 2024.
- I believe Fiverr is already fairly valued at its current price.
Investment Thesis
Fiverr International Ltd. ( FVRR ) stock has the illusion of being cheap. Indeed, I can easily understand why someone would believe it to be so....
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For further details see:
Fiverr: Why Investors Should Be Cautious