Piper Sandler analyst Arvind Ramnani reiterated a Hold rating on Thoughtworks Holding (TWKS – Research Report) today and set a price target of $5.00. The company’s shares closed yesterday at $4.83.
According to TipRanks, Ramnani is a 2-star analyst with an average return of 0.0% and a 50.16% success rate. Ramnani covers the Technology sector, focusing on stocks such as Globant SA, Epam Systems, and Thoughtworks Holding.
Currently, the analyst consensus on Thoughtworks Holding is a Moderate Buy with an average price target of $5.50, which is a 13.87% upside from current levels. In a report released on January 17, Citi also maintained a Hold rating on the stock with a $5.00 price target.
See today’s best-performing stocks on TipRanks >>
TWKS market cap is currently $1.54B and has a P/E ratio of -49.59.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TWKS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Thoughtworks Holding (TWKS) Company Description:
Thoughtworks Holding Inc is a global technology consultancy that integrates strategy, design and software engineering to enable enterprises and technology disruptors across the globe to thrive as modern digital businesses.
Read More on TWKS:
