Thoughtworks (TWKS) Stock Forecast, Price Target & Predictions
TWKS Stock Forecast
Thoughtworks stock forecast is as follows: an average price target of $13.63 (represents a 209.77% upside from TWKS’s last price of $4.40) 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 209.77% upside from TWKS's last price of $4.40.
TWKS Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jun 24, 2024 | James Schneider | Goldman Sachs | $2.50 | $2.96 | -15.54% | -43.18% |
| Nov 15, 2022 | - | Credit Suisse | $13.00 | $9.49 | 36.99% | 195.45% |
| Nov 15, 2022 | - | RBC Capital | $14.00 | $8.72 | 60.55% | 218.18% |
| Apr 27, 2022 | David Koning | Robert W. Baird | $25.00 | $19.39 | 28.93% | 468.18% |
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 -43.18% decrease from TWKS last price ($4.40).
Thoughtworks Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 1 |
| Avg Price Target | - | $2.50 | $2.50 |
| Last Closing Price | $4.40 | $4.40 | $4.40 |
| Upside/Downside | -100.00% | -43.18% | -43.18% |
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 $4.40. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 06, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Jun 24, 2024 | Wedbush | Neutral | Neutral | Hold |
| Jun 24, 2024 | Goldman Sachs | - | Sell | Initialise |
| Aug 09, 2023 | RBC Capital | Outperform | Sector Perform | Downgrade |
| Aug 09, 2023 | Citigroup | Neutral | Neutral | Hold |
| Mar 01, 2023 | Piper Sandler | Neutral | Neutral | Hold |
| Jan 15, 2023 | Citigroup | Buy | Neutral | Downgrade |
| Nov 15, 2022 | Credit Suisse | Neutral | Neutral | Hold |
| Nov 15, 2022 | RBC Capital | Outperform | Outperform | Hold |
| Nov 15, 2022 | Piper Sandler | - | Neutral | Downgrade |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $252.39M | $280.16M | - | $307.06M | $310.74M | $332.45M | - | $320.94M | $286.80M | $285.05M |
| Avg Forecast | $310.00M | $321.10M | $305.50M | $292.60M | $270.82M | $275.30M | $266.65M | $260.89M | $254.13M | $255.86M | $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 | $313.52M | $324.75M | $308.97M | $295.92M | $273.90M | $278.43M | $269.68M | $263.85M | $257.01M | $258.61M | $254.23M | $245.95M | $268.15M | $281.01M | $305.08M | $307.41M | $309.85M | $331.21M | $328.10M | $309.54M | $291.56M | $286.20M |
| Low Forecast | $305.66M | $316.60M | $301.22M | $288.50M | $267.03M | $271.44M | $262.92M | $257.23M | $250.57M | $250.88M | $247.85M | $239.78M | $265.05M | $273.96M | $297.42M | $299.70M | $302.08M | $322.90M | $328.10M | $300.21M | $282.76M | $277.57M |
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 2 | 3 | 4 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.95% | 1.01% | - | 1.01% | 1.01% | 1.02% | - | 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 $239.78M, and a high forecast of $245.95M. 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 2 | 3 | 4 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $-10.50M | $-25.30M | - | $14.02M | $26.72M | $12.54M | - | $-51.32M | $-27.62M | $-10.20M |
| Avg Forecast | $23.40M | $24.24M | $23.06M | $22.09M | $20.44M | $20.78M | $20.13M | $19.69M | $19.18M | $19.31M | $18.97M | $18.36M | $20.09M | $20.97M | $22.77M | $22.94M | $23.13M | $24.72M | $24.77M | $-50.37M | $21.62M | $-6.73M |
| High Forecast | $23.67M | $24.51M | $23.32M | $22.34M | $20.67M | $21.02M | $20.36M | $19.92M | $19.40M | $19.52M | $19.19M | $18.57M | $20.24M | $21.21M | $23.03M | $23.20M | $23.39M | $25.00M | $24.77M | $-40.29M | $22.01M | $-5.38M |
| Low Forecast | $23.07M | $23.90M | $22.74M | $21.78M | $20.16M | $20.49M | $19.85M | $19.42M | $18.91M | $18.94M | $18.71M | $18.10M | $20.01M | $20.68M | $22.45M | $22.62M | $22.80M | $24.37M | $24.77M | $-60.44M | $21.34M | $-8.08M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -0.52% | -1.21% | - | 0.61% | 1.16% | 0.51% | - | 1.02% | -1.28% | 1.52% |
3 analysts predict TWKS's average Quarter EBITDA for Jun 23 to be $22.77M, with a high of $23.03M and a low of $22.45M. This is 62.43% upper than Thoughtworks's previous annual EBITDA (Mar 23) of $14.02M.
Thoughtworks Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 2 | 3 | 4 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-22.43M | $-25.85M | - | $-8.11M | $16.11M | $-31.39M | - | $-59.90M | $-35.13M | $-25.23M |
| Avg Forecast | $29.07M | $29.07M | $16.15M | $22.61M | $18.30M | $18.84M | $9.69M | $8.88M | $14.42M | $9.74M | $693.48K | $-4.93M | $9.95M | $8.36M | $11.43M | $13.10M | $28.26M | $34.79M | $36.06M | $-54.91M | $28.87M | $-16.66M |
| High Forecast | $29.50M | $29.50M | $16.39M | $22.94M | $18.57M | $19.12M | $9.83M | $9.01M | $14.63M | $14.61M | $703.72K | $-4.84M | $10.09M | $8.49M | $11.60M | $13.30M | $28.68M | $35.31M | $36.06M | $-43.93M | $29.53M | $-13.32M |
| Low Forecast | $28.54M | $28.54M | $15.86M | $22.20M | $17.97M | $18.50M | $9.51M | $8.72M | $14.16M | $4.87M | $680.85K | $-5.00M | $9.76M | $8.21M | $11.22M | $12.87M | $27.74M | $34.16M | $36.06M | $-65.89M | $28.38M | $-19.99M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -2.26% | -3.09% | - | -0.62% | 0.57% | -0.90% | - | 1.09% | -1.22% | 1.52% |
Thoughtworks's average Quarter net income forecast for Mar 23 is $13.10M, with a range of $12.87M to $13.30M. 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 2 | 3 | 4 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $77.02M | $81.84M | - | $86.34M | $76.96M | $89.56M | - | $111.73M | $95.42M | $113.02M |
| Avg Forecast | $87.00M | $90.12M | $85.74M | $82.12M | $76.01M | $77.26M | $74.84M | $73.22M | $71.32M | $71.81M | $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 | $87.99M | $91.14M | $86.71M | $83.05M | $76.87M | $78.14M | $75.69M | $74.05M | $72.13M | $72.58M | $71.35M | $69.03M | $75.26M | $78.87M | $85.62M | $86.28M | $86.96M | $92.96M | $92.08M | $122.91M | $81.83M | $89.51M |
| Low Forecast | $85.78M | $88.86M | $84.54M | $80.97M | $74.94M | $76.18M | $73.79M | $72.19M | $70.32M | $70.41M | $69.56M | $67.30M | $74.39M | $76.89M | $83.47M | $84.11M | $84.78M | $90.62M | $92.08M | $81.94M | $79.36M | $59.67M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.05% | - | 1.01% | 0.90% | 0.97% | - | 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 $67.30M to $69.03M. The forecast indicates a -11.39% fall compared to TWKS last annual SG&A of $77.02M (Dec 23).
Thoughtworks EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 2 | 3 | 4 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.07 | $-0.08 | - | $-0.03 | $0.05 | $-0.10 | - | $-0.20 | $-0.12 | $-0.10 |
| Avg Forecast | $0.09 | $0.09 | $0.05 | $0.07 | $0.06 | $0.06 | $0.03 | $0.03 | $0.04 | $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 | $0.09 | $0.09 | $0.05 | $0.07 | $0.06 | $0.06 | $0.03 | $0.03 | $0.05 | $0.05 | - | $-0.01 | $0.03 | $0.03 | $0.04 | $0.04 | $0.09 | $0.11 | $0.11 | $0.12 | $0.09 | $0.10 |
| Low Forecast | $0.09 | $0.09 | $0.05 | $0.07 | $0.06 | $0.06 | $0.03 | $0.03 | $0.04 | $0.02 | - | $-0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.09 | $0.11 | $0.11 | $0.12 | $0.09 | $0.10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -2.28% | -3.14% | - | -0.63% | 0.57% | -0.93% | - | -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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| TTEC | TTEC | $4.30 | $35.67 | 729.53% | Buy |
| TWKS | Thoughtworks | $4.40 | $13.63 | 209.77% | Hold |
| CLVT | Clarivate | $6.57 | $14.33 | 118.11% | Buy |
| TASK | TaskUs | $12.84 | $28.00 | 118.07% | Hold |
| CNXC | Concentrix | $67.61 | $117.67 | 74.04% | Hold |
| WNS | WNS | $57.50 | $87.17 | 51.60% | Buy |
| PRFT | Perficient | $75.50 | $81.00 | 7.28% | Hold |
| ASGN | ASGN | $92.72 | $99.00 | 6.77% | Hold |
| G | Genpact | $39.29 | $41.67 | 6.06% | Hold |
| SAIC | Science Applications | $136.62 | $123.50 | -9.60% | Buy |
| IT | Gartner | $510.56 | $434.89 | -14.82% | Hold |
| EXLS | ExlService | $36.38 | $28.30 | -22.21% | 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 209.77% from its last price of $4.4. 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 209.77% (from the last price of $4.4 to the average price target of $13.63), up by 468.18% based on the highest stock price target, and down by -43.18% 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 $1.07B (high $1.09B, low $1.06B), average EBITDA is $81.04M (high $81.96M, low $79.91M), average net income is $55.72M (high $56.54M, low $54.7M), average SG&A $301.33M (high $304.75M, low $297.11M), and average EPS is $0.173 (high $0.175, low $0.169). TWKS's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.23B (high $1.24B, low $1.21B), average EBITDA is $92.78M (high $93.84M, low $91.48M), average net income is $96.9M (high $98.33M, low $95.14M), average SG&A $344.98M (high $348.9M, low $340.15M), and average EPS is $0.3 (high $0.304, low $0.295).
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 $86.78M by -152.79%. 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 $20.09M by -152.27%. 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%