Thoughtworks (TWKS) Stock Forecast & Price Target

$4.38

-0.01 (-0.23%)

(As of 09/6/2024 ET)

Thoughtworks - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 10 Analyst Ratings

Based on 10 Wall Street analysts who have issued ratings for Thoughtworks in the last 12 months, the stock has a consensus rating of "Hold." Out of the 10 analysts, 1 has given a sell rating, 8 have given a hold rating, and 1 has given a buy rating for TWKS.

Consensus Price Target

$4.18
-4.68% Downside

High Forecast	$6.00
Average Forecast	$4.18
Low Forecast	$2.50

According to the 10 analysts' twelve-month price targets for Thoughtworks, the average price target is $4.18. The highest price target for TWKS is $6.00, while the lowest price target for TWKS is $2.50. The average price target represents a forecasted downside of -4.68% from the current price of $4.38.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)
Hold	8 Hold rating(s)	9 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$4.18	$4.44	$4.94	$8.44
Forecasted Upside	-4.68% Downside	23.41% Upside	47.22% Upside	28.91% Upside

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TWKS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TWKS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Thoughtworks Stock vs. The Competition

Type	Thoughtworks	Business Services Companies	S&P 500
Consensus Rating Score	2.00	2.66	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	-4.68% Downside	255.14% Upside	11.36% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/6/2024	Baird R W 0 of 5 stars	D. Koning Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
8/6/2024	Piper Sandler 2 of 5 stars		Boost Target	Neutral ➝ Neutral	$3.40 ➝ $4.40	+1.85%
8/6/2024	Robert W. Baird 2 of 5 stars		Reiterated Rating	Outperform ➝ Neutral	$4.40	+2.09%
8/6/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Neutral
7/12/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Potter Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$3.25 ➝ $2.75	+0.73%
6/24/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Schneider Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sell	$2.50	-15.54%
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5/8/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$6.00	+94.80%
2/28/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$6.00 ➝ $5.00	+61.29%
2/28/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Nolan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Market Perform
10/17/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Peer Perform
8/10/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$9.00 ➝ $6.00	+28.76%
3/1/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$13.00 ➝ $10.00	+40.25%
3/1/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$13.00 ➝ $10.00	+35.87%
11/15/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$16.00 ➝ $12.00	+43.88%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 10:10 PM ET.

TWKS Forecast - Frequently Asked Questions

What is Thoughtworks' forecast for 2024?: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Thoughtworks is $4.18, with a high forecast of $6.00 and a low forecast of $2.50.
Should I buy or sell Thoughtworks stock right now?: 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Thoughtworks in the last twelve months. There is currently 1 sell rating, 8 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" TWKS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TWKS, but not buy additional shares or sell existing shares.
Does Thoughtworks's stock price have much upside?: According to analysts, Thoughtworks's stock has a predicted upside of 22.20% based on their 12-month stock forecasts.
Has Thoughtworks been downgraded by Wall Street analysts recently?: Over the previous 90 days, Thoughtworks's stock had 1 downgrade by analysts.
What analysts cover Thoughtworks?: Thoughtworks has been rated by research analysts at Baird R W, Citigroup, JPMorgan Chase & Co., Piper Sandler, Robert W. Baird, and The Goldman Sachs Group in the past 90 days.
Do Wall Street analysts like Thoughtworks more than its competitors?: Analysts like Thoughtworks less than other "business services" companies. The consensus rating for Thoughtworks is Hold while the average consensus rating for "business services" companies is Moderate Buy. Learn more on how TWKS compares to other companies.