Thoughtworks (TWKS) Stock Forecast, Price Target & Predictions
TWKS Stock Forecast
Thoughtworks stock forecast is as follows: an average price target of $2.50 (represents a -44.07% downside 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 $2.50 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $2.50 to $2.50. This represents a potential -44.07% downside from TWKS's last price of $4.47.
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% | -44.07% |
| Nov 15, 2022 | Credit Suisse | $13.00 | $9.49 | 36.99% | 190.83% | |
| Nov 15, 2022 | RBC Capital | $14.00 | $8.72 | 60.55% | 213.20% | |
| Apr 27, 2022 | David Koning | Robert W. Baird | $25.00 | $19.39 | 28.93% | 459.28% |
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
| 1M | 3M | 12M | |
|---|---|---|---|
| # 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
| 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 | |
| Aug 16, 2022 | Citigroup | Buy | Buy | Hold |
| Apr 27, 2022 | Robert W. Baird | Hold | Hold | Hold |
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 | Jun 22 | Mar 22 | Dec 21 | Sep 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 |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 |
| 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 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 |
| 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 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 |
| 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 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 |
| 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 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 |
| 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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| TTEC | TTEC | $4.92 | $35.67 | 625.00% | Hold |
| CLVT | Clarivate | $5.45 | $14.33 | 162.94% | Buy |
| CNXC | Concentrix | $42.16 | $75.00 | 77.89% | Buy |
| WNS | WNS | $47.84 | $58.33 | 21.93% | Buy |
| SAIC | Science Applications | $114.38 | $135.25 | 18.25% | Buy |
| IT | Gartner | $497.42 | $545.75 | 9.72% | Hold |
| ASGN | ASGN | $87.17 | $88.00 | 0.95% | Buy |
| G | Genpact | $43.27 | $43.67 | 0.92% | Hold |
| TASK | TaskUs | $17.26 | $17.33 | 0.41% | Hold |
| EXLS | ExlService | $45.59 | $39.00 | -14.45% | Buy |
| TWKS | Thoughtworks | $4.47 | $2.50 | -44.07% | Hold |