Needham analyst Brad Erickson reiterated a Buy rating on Fiverr and raised his price target on the shares to $38 from $31 after the company reported fourth quarter results. Erickson said the he remains a buyer of the stock, as Fiverr continues to "cleanly outperform" expectations with strong execution through more efficient new buyer acquisition, accelerated geographic rollout, and multiple "intriguing" new products and drivers. The analyst said he continues to like the stock as the most direct way to play the secular rise of freelancing with fast growth and improving profitability.