Which Internet Company Reporting This Week Has Favorable Risk/Reward Ratio? Analyst Picks Fiverr and Bumble, Flags Others

Grand News Network | November 6, 2023

RBC Capital analyst Brad Erickson lists nine companies reporting in the firm's universe this week. 

In terms of tactical opportunities, Fiverr International Ltd (NYSE: FVRR) (Sector Perform, price target $34) and Bumble Inc (NASDAQ: BMBL) (Outperform, price target $23) stand out as having the most favorable risk/ rewards of the group in his view. 

The analyst projects 3Q revenue of $91.3 million for Fiverr (consensus $91.2 million) and $276.0 million for Bumble (consensus $277.0 million).

Regarding end-market commentary, mobility/delivery demand likely remains strong in the face of a seemingly more challenged consumer (Uber Technologies, Inc (NYSE: UBER) has an Outperform rating and $58 price target. Lyft, Inc (NASDAQ: LYFT) has a Sector ...

Full story available on Benzinga.com

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