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.
Source Fool.com
