Thoughtworks (TWKS) Stock Forecast, Price Target & Predictions


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TWKS Stock Forecast


Thoughtworks stock forecast is as follows: an average price target of $13.63 (represents a 204.92% upside from TWKS’s last price of $4.47) and a rating consensus of 'Hold', based on 7 wall street analysts offering a 1-year stock forecast.

TWKS Price Target


The average price target for Thoughtworks (TWKS) is $13.63 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $25.00 to $2.50. This represents a potential 204.92% upside from TWKS's last price of $4.47.

TWKS Analyst Ratings


Hold

According to 7 Wall Street analysts, Thoughtworks's rating consensus is 'Hold'. The analyst rating breakdown for TWKS stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 6 'Hold' (85.71%), 1 'Sell' (14.29%), and 0 'Strong Sell' (0.00%).

Thoughtworks Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jun 24, 2024James SchneiderGoldman Sachs$2.50$2.96-15.54%-44.07%
Nov 15, 2022-Credit Suisse$13.00$9.4936.99%190.83%
Nov 15, 2022-RBC Capital$14.00$8.7260.55%213.20%
Apr 27, 2022David KoningRobert W. Baird$25.00$19.3928.93%459.28%
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The latest Thoughtworks stock forecast, released on Jun 24, 2024 by James Schneider from Goldman Sachs, set a price target of $2.50, which represents a -15.54% decrease from the stock price at the time of the forecast ($2.96), and a -44.07% decrease from TWKS last price ($4.47).

Thoughtworks Price Target by Period


1M3M12M
# Anlaysts--1
Avg Price Target--$2.50
Last Closing Price$4.47$4.47$4.47
Upside/Downside-100.00%-100.00%-44.07%

In the current month, the average price target of Thoughtworks stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Thoughtworks's last price of $4.47. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Aug 06, 2024Piper SandlerNeutralNeutralHold
Jun 24, 2024WedbushNeutralNeutralHold
Jun 24, 2024Goldman Sachs-SellInitialise
Aug 09, 2023RBC CapitalOutperformSector PerformDowngrade
Aug 09, 2023CitigroupNeutralNeutralHold
Mar 01, 2023Piper SandlerNeutralNeutralHold
Jan 15, 2023CitigroupBuyNeutralDowngrade
Nov 15, 2022Credit SuisseNeutralNeutralHold
Nov 15, 2022RBC CapitalOutperformOutperformHold
Nov 15, 2022Piper Sandler-NeutralDowngrade
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Thoughtworks's last stock rating was published by Piper Sandler on Aug 06, 2024. The company gave TWKS a "Neutral" rating, the same as its previous rate.

Thoughtworks Financial Forecast


Thoughtworks Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
Revenue------------$252.39M$280.16M-$307.06M$310.74M$332.45M$332.11M$320.94M$286.80M$285.05M
Avg Forecast$309.80M$324.70M$306.80M$293.80M$273.20M$280.00M$269.25M$263.80M$260.10M$255.79M$251.37M$243.19M$266.18M$277.85M$301.65M$303.96M$306.37M$327.49M$328.10M$304.15M$286.48M$281.22M
High Forecast$318.64M$333.96M$315.55M$302.18M$281.00M$287.99M$276.93M$267.73M$268.88M$255.87M$251.37M$243.19M$268.15M$277.87M$310.26M$312.63M$315.11M$327.49M$328.10M$304.15M$286.48M$281.22M
Low Forecast$299.57M$313.98M$296.67M$284.10M$264.18M$270.76M$260.36M$259.87M$251.32M$255.70M$251.37M$243.19M$265.05M$277.83M$291.69M$293.93M$296.26M$327.49M$328.10M$304.15M$286.48M$281.22M
# Analysts2222111442336333444433
Surprise %------------0.95%1.01%-1.01%1.01%1.02%1.01%1.06%1.00%1.01%

Thoughtworks's average Quarter revenue forecast for Mar 24 based on 3 analysts is $243.19M, with a low forecast of $243.19M, and a high forecast of $243.19M. TWKS's average Quarter revenue forecast represents a -3.64% decrease compared to the company's last Quarter revenue of $252.39M (Dec 23).

Thoughtworks EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts2222111442336333444433
EBITDA------------$-10.50M$-25.30M-$14.02M$26.72M$12.54M$-482.00K$-51.32M$-27.62M$-10.20M
Avg Forecast$25.00M$26.20M$24.76M$23.71M$22.05M$22.60M$21.73M$21.29M$20.99M$20.64M$20.29M$19.63M$21.48M$22.42M$24.34M$24.53M$24.72M$24.72M$24.77M$-50.37M$21.62M$-6.73M
High Forecast$25.71M$26.95M$25.47M$24.39M$22.68M$23.24M$22.35M$21.61M$21.70M$20.65M$20.29M$19.63M$21.64M$22.42M$25.04M$25.23M$25.43M$24.72M$24.77M$-40.29M$21.62M$-5.38M
Low Forecast$24.18M$25.34M$23.94M$22.93M$21.32M$21.85M$21.01M$20.97M$20.28M$20.64M$20.29M$19.63M$21.39M$22.42M$23.54M$23.72M$23.91M$24.72M$24.77M$-60.44M$21.62M$-8.08M
Surprise %-------------0.49%-1.13%-0.57%1.08%0.51%-0.02%1.02%-1.28%1.52%

3 analysts predict TWKS's average Quarter EBITDA for Jun 23 to be $24.34M, with a high of $25.04M and a low of $23.54M. This is 73.66% upper than Thoughtworks's previous annual EBITDA (Mar 23) of $14.02M.

Thoughtworks Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts2222111442336333444433
Net Income------------$-22.43M$-25.85M-$-8.11M$16.11M$-31.39M$-29.99M$-59.90M$-35.13M$-25.23M
Avg Forecast$22.61M$29.07M$12.92M$19.38M$17.77M$21.00M$8.08M$12.92M$16.15M$9.75M$693.48K$-4.93M$9.95M$8.36M$11.43M$13.10M$28.26M$34.79M$36.10M$-54.91M$29.21M$-16.66M
High Forecast$23.45M$30.15M$13.40M$20.10M$18.42M$21.77M$8.37M$13.40M$16.75M$9.94M$717.22K$-4.72M$10.31M$8.38M$11.86M$13.59M$29.31M$34.79M$36.10M$-43.93M$29.21M$-13.32M
Low Forecast$21.64M$27.82M$12.37M$18.55M$17.00M$20.09M$7.73M$8.61M$13.46M$9.56M$669.74K$-5.11M$9.52M$8.35M$10.94M$12.54M$27.05M$34.79M$36.10M$-65.89M$29.21M$-19.99M
Surprise %-------------2.26%-3.09%--0.62%0.57%-0.90%-0.83%1.09%-1.20%1.52%

Thoughtworks's average Quarter net income forecast for Mar 23 is $13.10M, with a range of $12.54M to $13.59M. TWKS's average Quarter net income forecast represents a -18.64% decrease compared to the company's last Quarter net income of $16.11M (Dec 22).

Thoughtworks SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts2222111442336333444433
SG&A------------$77.02M$81.84M-$86.34M$76.96M$89.56M$96.29M$111.73M$95.42M$113.02M
Avg Forecast$86.95M$91.13M$86.11M$82.46M$76.68M$78.58M$75.57M$74.04M$73.00M$71.79M$70.55M$68.25M$74.71M$77.98M$84.66M$85.31M$85.98M$91.91M$92.08M$102.42M$80.40M$74.59M
High Forecast$89.43M$93.73M$88.56M$84.81M$78.86M$80.83M$77.72M$75.14M$75.46M$71.81M$70.55M$68.25M$75.26M$77.99M$87.08M$87.74M$88.44M$91.91M$92.08M$122.91M$80.40M$89.51M
Low Forecast$84.08M$88.12M$83.26M$79.73M$74.14M$75.99M$73.07M$72.94M$70.53M$71.76M$70.55M$68.25M$74.39M$77.98M$81.87M$82.49M$83.15M$91.91M$92.08M$81.94M$80.40M$59.67M
Surprise %------------1.03%1.05%-1.01%0.90%0.97%1.05%1.09%1.19%1.52%

Thoughtworks's average Quarter SG&A projection for Mar 24 is $68.25M, based on 3 Wall Street analysts, with a range of $68.25M to $68.25M. The forecast indicates a -11.39% fall compared to TWKS last annual SG&A of $77.02M (Dec 23).

Thoughtworks EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts2222111442336333444433
EPS------------$-0.07$-0.08-$-0.03$0.05$-0.10$-0.10$-0.20$-0.12$-0.10
Avg Forecast$0.07$0.09$0.04$0.06$0.06$0.07$0.03$0.04$0.05$0.03-$-0.02$0.03$0.03$0.04$0.04$0.09$0.11$0.11$0.12$0.09$0.10
High Forecast$0.07$0.09$0.04$0.06$0.06$0.07$0.03$0.04$0.05$0.03-$-0.01$0.03$0.03$0.04$0.04$0.09$0.11$0.11$0.12$0.09$0.10
Low Forecast$0.07$0.09$0.04$0.06$0.05$0.06$0.02$0.03$0.04$0.03-$-0.02$0.03$0.03$0.03$0.04$0.08$0.11$0.11$0.12$0.09$0.10
Surprise %-------------2.28%-3.14%--0.63%0.57%-0.93%-0.86%-1.69%-1.33%-1.01%

According to 3 Wall Street analysts, Thoughtworks's projected average Quarter EPS for Mar 23 is $0.04, with a low estimate of $0.04 and a high estimate of $0.04. This represents a -18.86% decrease compared to TWKS previous annual EPS of $0.05 (Dec 22).

Thoughtworks Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
TTECTTEC$4.48$35.67696.21%Hold
TWKSThoughtworks$4.47$13.63204.92%Hold
CLVTClarivate$5.09$14.33181.53%Buy
TASKTaskUs$14.30$28.0095.80%Hold
CNXCConcentrix$39.76$77.5094.92%Buy
WNSWNS$50.86$72.8643.26%Buy
ASGNASGN$85.08$99.0016.36%Hold
PRFTPerficient$75.96$81.006.64%Hold
SAICScience Applications$123.05$124.301.02%Buy
GGenpact$44.64$42.80-4.12%Hold
ITGartner$518.00$450.00-13.13%Hold
EXLSExlService$44.38$32.64-26.45%Buy

TWKS Forecast FAQ


Is Thoughtworks a good buy?

No, according to 7 Wall Street analysts, Thoughtworks (TWKS) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of TWKS's total ratings.

What is TWKS's price target?

Thoughtworks (TWKS) average price target is $13.63 with a range of $2.5 to $25, implying a 204.92% from its last price of $4.47. The data is based on 7 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Thoughtworks stock go up soon?

According to Wall Street analysts' prediction for TWKS stock, the company can go up by 204.92% (from the last price of $4.47 to the average price target of $13.63), up by 459.28% based on the highest stock price target, and down by -44.07% based on the lowest stock price target.

Can Thoughtworks stock reach $7?

TWKS's average twelve months analyst stock price target of $13.63 supports the claim that Thoughtworks can reach $7 in the near future.

What are Thoughtworks's analysts' financial forecasts?

Thoughtworks's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.09B (high $1.11B, low $1.06B), average EBITDA is $87.66M (high $89.87M, low $85.15M), average net income is $59.76M (high $61.97M, low $53.44M), average SG&A $304.86M (high $312.55M, low $296.14M), and average EPS is $0.185 (high $0.192, low $0.165). TWKS's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.24B (high $1.27B, low $1.19B), average EBITDA is $99.67M (high $102.52M, low $96.38M), average net income is $83.98M (high $87.1M, low $80.38M), average SG&A $346.64M (high $356.53M, low $335.2M), and average EPS is $0.26 (high $0.27, low $0.249).

Did the TWKS's actual financial results beat the analysts' financial forecasts?

Based on Thoughtworks's last annual report (Dec 2023), the company's revenue was $1.13B, which missed the average analysts forecast of $1.15B by -1.99%. Apple's EBITDA was $-45.814M, missing the average prediction of $92.78M by -149.38%. The company's net income was $-68.661M, missing the average estimation of $42.85M by -260.25%. Apple's SG&A was $331.83M, beating the average forecast of $322.65M by 2.84%. Lastly, the company's EPS was $-0.22, missing the average prediction of $0.133 by -265.85%. In terms of the last quarterly report (Dec 2023), Thoughtworks's revenue was $252.39M, missing the average analysts' forecast of $266.18M by -5.18%. The company's EBITDA was $-10.502M, missing the average prediction of $21.48M by -148.89%. Thoughtworks's net income was $-22.43M, missing the average estimation of $9.95M by -325.52%. The company's SG&A was $77.02M, beating the average forecast of $74.71M by 3.10%. Lastly, the company's EPS was $-0.0703, missing the average prediction of $0.0308 by -328.31%