Thoughtworks (TWKS) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Thoughtworks in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research 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.
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7 Wall Street research analysts have issued 1-year price targets for Thoughtworks' shares. Their TWKS share price forecasts range from $7.00 to $13.00. On average, they anticipate the company's stock price to reach $9.94 in the next twelve months. This suggests a possible upside of 26.4% from the stock's current price.
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Thoughtworks' stock was trading at $10.19 on January 1st, 2023. Since then, TWKS shares have decreased by 22.9% and is now trading at $7.86.
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Thoughtworks saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,830,000 shares, an increase of 25.3% from the April 30th total of 1,460,000 shares. Based on an average trading volume of 947,200 shares, the short-interest ratio is currently 1.9 days. Currently, 2.0% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 21st 2023.
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Thoughtworks Holding, Inc. (NASDAQ:TWKS) announced its quarterly earnings results on Monday, November, 15th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.04. The business had revenue of $285.05 million for the quarter, compared to analyst estimates of $281.39 million. Thoughtworks had a negative net margin of 4.16% and a negative trailing twelve-month return on equity of 2.29%.

ETFs with the largest weight of Thoughtworks (NASDAQ:TWKS) stock in their portfolio include Harbor Corporate Culture Leaders ETF (HAPY), SPDR FactSet Innovative Technology ETF (XITK), SPDR S&P Software & Services ETF (XSW), Franklin Exponential Data ETF (XDAT) and Renaissance IPO ETF (IPO).iShares U.S. Technology ETF (IYW).

Thoughtworks issued an update on its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share (EPS) guidance of $0.03-$0.04 for the period, compared to the consensus earnings per share estimate of $0.09. The company issued revenue guidance of $300.00 million-$304.00 million, compared to the consensus revenue estimate of $317.53 million.

(TWKS) raised $700 million in an initial public offering (IPO) on Wednesday, September 15th 2021. The company issued 36,842,106 shares at $18.00-$20.00 per share.

Thoughtworks trades on the NASDAQ under the ticker symbol "TWKS."

Thoughtworks' stock is owned by many different retail and institutional investors. Top institutional investors include GW&K Investment Management LLC (1.32%), BlackRock Inc. (1.23%), Ameriprise Financial Inc. (0.86%), Allspring Global Investments Holdings LLC (0.64%), Ensign Peak Advisors Inc (0.63%) and WCM Investment Management LLC (0.53%). Insiders that own company stock include Angela Ferguson, Christopher Gerard Murphy, Erin Cummins, Guo Xiao and Sai Krishna Mandapaty.
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Shares of TWKS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TWKS stock can currently be purchased for approximately $7.86.

Thoughtworks (NASDAQ:TWKS) has a market capitalization of $2.49 billion and generates $1.30 billion in revenue each year. The company earns $-105,390,000.00 in net income (profit) each year or ($0.18) on an earnings per share basis.

The company employs 12,500 workers across the globe.

Thoughtworks' mailing address is 200 EAST RANDOLPH STREET 25TH FLOOR, CHICAGO IL, 60601. The official website for the company is www.thoughtworks.com. The company can be reached via phone at 312-373-1000 or via email at investor-relations@thoughtworks.com.