Fiverr Crushing Call TargetsI recently was bullish on Fiverr, even implementing it in my own personal test strategies. While, it is too early to say I was right, my bullish call seems to be quite accurate. As always, this is on opinion basis and don't take anything I say seriously, as I'm not trying to solicit any financial advice. That being said, the revenues per share and losses per share were BETTER than expected. I had a bullish call prior, and don't be surprised if the stock continues to rise as with most of my predictions. Not claiming to be Nostradamus here, but look there are patterns and real math. I am wrong sometimes, but the calls been on a high streak recently. It is interesting to see how other online and e-commerce like sites such as Shopify, Etsy, may perform. (Though I consider Fiverr some weird cross between freelance, pro and amateur services and the e-commerce market). I think it is closer to an internet retail metric than a data processing category, however.
Fiverr
Fiverr's Insane Growth: $65+ Short TargetFirst off, please don't take anything I say seriously or as financial advice. Everything is on opinion basis, as always. That being said, let me get into a few of my insights. Fiverr has doubled in price since March 20th this year. They had one of the best bull runs a stock have seen in terms of growth during the Covid19 period. That being said, the earnings call today can make or break it. I have high expectations and hopes for the earnings call given the bullish run. Even with a negative earnings call, I think some of the momentum would keep going (but I am expecting positive). That is why I am expected a short term correlation of at least a passing of a $65 price threshold.