Fiverr International Price Target Cut to $9.00 Amid AI-Driven Challenges

Fiverr International (NYSE:FVRR) has seen its price target lowered by Royal Bank Of Canada from $16.00 to $9.00 in a recent research note.

This move comes as part of an overall trend of analyst downgrades for the company, with Fiverr facing challenges in the face of AI-driven traffic and demand pressures.

The firm's second-quarter revenue fell 10% year over year to $97.78 million, missing the consensus estimate of $99.74 million.