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 brokerages have issued 1 year target prices for Thoughtworks' stock. Their TWKS share price forecasts range from $9.50 to $16.00. On average, they anticipate the company's share price to reach $12.44 in the next twelve months. This suggests a possible upside of 13.6% from the stock's current price.
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Thoughtworks' stock was trading at $10.19 at the beginning of 2023. Since then, TWKS stock has increased by 7.5% and is now trading at $10.95.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
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Thoughtworks Holding, Inc. (NASDAQ:TWKS) announced its earnings results on Monday, November, 14th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by $0.06. The company earned $332.40 million during the quarter, compared to analyst estimates of $327.52 million. Thoughtworks had a negative net margin of 12.29% and a negative trailing twelve-month return on equity of 15.64%. The company's revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.09) EPS.

Thoughtworks issued an update on its fourth quarter 2022 earnings guidance on Wednesday, December, 14th. The company provided EPS guidance of $0.08-$0.09 for the period, compared to the consensus EPS estimate of $0.13. The company issued revenue guidance of $303.00 million-$309.00 million, compared to the consensus revenue estimate of $346.51 million.

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

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

Thoughtworks' stock is owned by many different institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.77%), Pendal Group Ltd (0.01%), Renaissance Capital LLC (0.01%), Xponance Inc. (0.00%), Greenleaf Trust (0.00%) and Harbor Capital Advisors Inc. (0.00%). Insiders that own company stock include Angela Ferguson, Christopher Gerard Murphy 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 $10.95.

Thoughtworks (NASDAQ:TWKS) has a market capitalization of $3.41 billion and generates $1.07 billion in revenue each year. The company earns $-23,620,000.00 in net income (profit) each year or ($0.52) on an earnings per share basis.

The company employs 10,600 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.