Thoughtworks Holding, Inc. provides technology consultancy services in North America, the Asia Pacific, Europe, and Latin America. Its consultancy services integrate strategy, design, and software engineering to enable enterprises and technology disruptors to thrive as modern digital businesses. The company offers enterprise modernization, platforms, and cloud services, including modernization strategy and execution, digital platform strategy and engineering organization transformation, cloud modernization, cloud-native application support and evolution, and platform assessment and remediation; and customer experience, product, and design services comprising idea to market, customer experience strategy, product management transformation, and product design and delivery. It also provides data and artificial intelligence services, such as data strategy, intelligent products, data platforms and data mesh, CD4ML, and data governance; and digital transformation and operations services, which include delivery transformation, digital fluency, organization transformation, value-driven portfolio management, technology strategy, executive advisory, and digital foundations training. The company serves its clients in various industry verticals, including technology and business services; energy, public, and health services; retail and consumer; financial services and insurance; and automotive, travel, and transportation. Thoughtworks Holding, Inc. was founded in 1993 and is headquartered in Chicago, Illinois.
IPO Year: 2021
Exchange: NASDAQ
Website: thoughtworks.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
6/24/2024 | $2.50 | Sell | Goldman |
2/28/2024 | Outperform → Mkt Perform | William Blair | |
1/2/2024 | $6.00 | Neutral → Outperform | Robert W. Baird |
10/17/2023 | Outperform → Peer Perform | Wolfe Research | |
8/10/2023 | $9.00 → $6.00 | Outperform → Market Perform | TD Cowen |
8/9/2023 | $10.00 → $6.00 | Outperform → Sector Perform | RBC Capital Mkts |
1/17/2023 | Buy → Neutral | Citigroup | |
11/14/2022 | $14.00 → $9.50 | Overweight → Neutral | Piper Sandler |
3/2/2022 | $36.00 → $30.00 | Buy | Citigroup |
3/2/2022 | $36.00 → $31.00 | Outperform | RBC Capital |
Goldman initiated coverage of Thoughtworks with a rating of Sell and set a new price target of $2.50
William Blair downgraded Thoughtworks from Outperform to Mkt Perform
Robert W. Baird upgraded Thoughtworks from Neutral to Outperform and set a new price target of $6.00
Wolfe Research downgraded Thoughtworks from Outperform to Peer Perform
TD Cowen downgraded Thoughtworks from Outperform to Market Perform and set a new price target of $6.00 from $9.00 previously
RBC Capital Mkts downgraded Thoughtworks from Outperform to Sector Perform and set a new price target of $6.00 from $10.00 previously
Citigroup downgraded Thoughtworks from Buy to Neutral
Piper Sandler downgraded Thoughtworks from Overweight to Neutral and set a new price target of $9.50 from $14.00 previously
Citigroup reiterated coverage of Thoughtworks Holding with a rating of Buy and set a new price target of $30.00 from $36.00 previously
RBC Capital reiterated coverage of Thoughtworks Holding with a rating of Outperform and set a new price target of $31.00 from $36.00 previously
Thoughtworks Holding, Inc. (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering, announced today that Guo Xiao is stepping down from the role of Chief Executive Officer and Director. The Board of Directors has selected Mike Sutcliff to succeed Guo Xiao as Chief Executive Officer and Director. The changes will be effective June 17, 2024, and Guo Xiao will remain as an advisor to Thoughtworks to support the transition. "On behalf of the Board, I would like to thank Xiao for his enormous contribution to Thoughtworks. His leadership has been foundational in developing Thoughtworks as an industry leader and home to the world's best technologists," sai
Thoughtworks (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering, today announced the appointment of Mike Mason as Chief Artificial Intelligence (AI) Officer. Mason will report to Thoughtworks' Chief Technology Officer, Rachel Laycock. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230607005379/en/As Chief AI Officer, Mason will guide clients through their generative AI journeys and accelerate their adoption of this new technology. (Photo: Business Wire) In this new global role, Mason will guide clients through their generative AI journeys and accelerate their adoption of this new tech
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Thoughtworks (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering, has been named a winner of a 2024 CSO Award from Foundry's CSO for the second consecutive year. This prestigious honor is bestowed upon a select group of organizations that have implemented security projects and initiatives demonstrating outstanding business value and thought leadership. "The stakes grow higher every day for security leaders and their teams, and this year's CSO Awards honor the very best efforts to tackle challenges from an expanding threat landscape," said Beth Kormanik, content director for the CSO Conference & Awards. "From devising new threat detection methods
Second quarter revenues of $251.7 million Thoughtworks signed definitive merger agreement to be taken private by an affiliate of funds advised by Apax Partners LLP Thoughtworks Holding, Inc. (NASDAQ:TWKS) ("Thoughtworks" or the "Company"), a leading global technology consultancy, today reported results for the second quarter of 2024. Acquisition Update As announced a short time ago, Thoughtworks has entered into a definitive merger agreement to be acquired by an affiliate of funds advised by Apax Partners LLP for $4.40 per share. A copy of the press release can be found by visiting the Investor Relations section of the Thoughtworks corporate website at thoughtworks.com. In light
Thoughtworks stockholders to receive $4.40 per share in cash Deal price represents a 48% premium to the 30-day VWAP Unanimously recommended by special committee of the Thoughtworks Board of Directors Thoughtworks (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering, today announced that it has entered into a definitive merger agreement pursuant to which an affiliate of funds advised by Apax Partners LLP ("Apax" and such funds, the "Apax Funds") will purchase all of the outstanding shares of Thoughtworks common stock that they do not already own, for $4.40 per share, which implies a total enterprise value of approximately $1.75 billion for
Thoughtworks (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering to drive digital innovation, will report financial results for the second quarter of 2024 on Tuesday, August 6, 2024 before market open. Following the release of results, Thoughtworks will host a conference call at 8:00 a.m. ET to discuss its financial results with the investment community. A live webcast of the call will be available at https://investors.thoughtworks.com. The archived webcast and transcript will be available on the investor relations section of the Thoughtworks website. Supporting resources: Keep up with Thoughtworks news by visiting the company's website.
Thoughtworks (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering, today announced the launch of Software-Defined Vehicle (SDV) Pulse, an inaugural annual report informed by Thoughtworks' and AWS' observations, conversations and front-line experiences helping their global clients in the automotive industry transition to SDV. With software deeply embedded in modern vehicles enabling capabilities in everything from passenger infotainment to autonomous driving, the report compiles the most relevant technologies, practice and other key trends for auto manufacturers and suppliers to consider for their SDV strategy. The SDV Pulse report has forty ins
Thoughtworks (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering, today announced that it will take part in the following events with the investment community: J.P. Morgan Global Technology, Media and Communications Conference Boston, MA Monday, May 20, 2024 Fireside at 2:30 p.m. ET TD Cowen Technology, Media & Telecom Conference New York, NY Wednesday, May 29, 2024 Fireside at 10:50 a.m. ET BofA Securities Global Technology Conference San Francisco, CA Tuesday, June 4, 2024 Meetings only Baird Global Consumer, Technology & Services Conference New York, NY Wednesday, June 5, 2024 Fireside at 1:25 p.m. ET Wolfe Research Small and
Thoughtworks Holding, Inc. (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering, announced today that Guo Xiao is stepping down from the role of Chief Executive Officer and Director. The Board of Directors has selected Mike Sutcliff to succeed Guo Xiao as Chief Executive Officer and Director. The changes will be effective June 17, 2024, and Guo Xiao will remain as an advisor to Thoughtworks to support the transition. "On behalf of the Board, I would like to thank Xiao for his enormous contribution to Thoughtworks. His leadership has been foundational in developing Thoughtworks as an industry leader and home to the world's best technologists," sai
First quarter revenues of $248.6 million Raises full year revenue guidance and reiterates full year Adjusted EBITDA Margin guidance Provides guidance for second quarter of 2024 Thoughtworks Holding, Inc. (NASDAQ:TWKS) ("Thoughtworks" or the "Company"), a leading global technology consultancy, today reported results for the first quarter of 2024 and provided an updated financial outlook for the full year and second quarter of 2024. Guo Xiao, Thoughtworks' Chief Executive Officer, said, "I would like to thank Thoughtworkers worldwide who work tirelessly to deliver extraordinary impact for our clients. We delivered revenues of $248.6 million in the first quarter, which exceeded o
Thoughtworks (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering, is pleased to announce the successful acquisition of the talented individuals and technology assets from Watchful, a San Francisco headquartered company who helps organizations accelerate the creation, enhancement and deployment of AI models. This acquisition is a cornerstone in Thoughtworks' strategy to become the leading AI transformation partner globally. Thoughtworks has acquired a team of seven highly skilled professionals from Watchful, including the co-founders Shayan Mohanty and John Singleton. These individuals bring a wealth of AI and data expertise in addition to cutt
Thoughtworks (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering, today announced Total Wine & More is building upon its enterprise modernization focus and expanding to drive broader organizational change with a Product Thinking approach. Having grown into the largest independent retailer of fine wine in the U.S., operating 265 stores across 28 states, Total Wine prioritized applying this approach on its ERP systems for impactful business outcomes. With its longstanding commitment to delivering the best selection at the best price to customers, Total Wine applied product thinking to internal systems supporting the buyers responsible for reviewin
Second quarter revenues of $251.7 million Thoughtworks signed definitive merger agreement to be taken private by an affiliate of funds advised by Apax Partners LLP Thoughtworks Holding, Inc. (NASDAQ:TWKS) ("Thoughtworks" or the "Company"), a leading global technology consultancy, today reported results for the second quarter of 2024. Acquisition Update As announced a short time ago, Thoughtworks has entered into a definitive merger agreement to be acquired by an affiliate of funds advised by Apax Partners LLP for $4.40 per share. A copy of the press release can be found by visiting the Investor Relations section of the Thoughtworks corporate website at thoughtworks.com. In light
Thoughtworks (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering to drive digital innovation, will report financial results for the second quarter of 2024 on Tuesday, August 6, 2024 before market open. Following the release of results, Thoughtworks will host a conference call at 8:00 a.m. ET to discuss its financial results with the investment community. A live webcast of the call will be available at https://investors.thoughtworks.com. The archived webcast and transcript will be available on the investor relations section of the Thoughtworks website. Supporting resources: Keep up with Thoughtworks news by visiting the company's website.
First quarter revenues of $248.6 million Raises full year revenue guidance and reiterates full year Adjusted EBITDA Margin guidance Provides guidance for second quarter of 2024 Thoughtworks Holding, Inc. (NASDAQ:TWKS) ("Thoughtworks" or the "Company"), a leading global technology consultancy, today reported results for the first quarter of 2024 and provided an updated financial outlook for the full year and second quarter of 2024. Guo Xiao, Thoughtworks' Chief Executive Officer, said, "I would like to thank Thoughtworkers worldwide who work tirelessly to deliver extraordinary impact for our clients. We delivered revenues of $248.6 million in the first quarter, which exceeded o
Thoughtworks (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering, is pleased to announce the successful acquisition of the talented individuals and technology assets from Watchful, a San Francisco headquartered company who helps organizations accelerate the creation, enhancement and deployment of AI models. This acquisition is a cornerstone in Thoughtworks' strategy to become the leading AI transformation partner globally. Thoughtworks has acquired a team of seven highly skilled professionals from Watchful, including the co-founders Shayan Mohanty and John Singleton. These individuals bring a wealth of AI and data expertise in addition to cutt
Thoughtworks (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering to drive digital innovation, will report financial results for the first quarter of 2024 on Tuesday, May 7, 2024 before market open. Following the release of results, Thoughtworks will host a conference call at 8:00 a.m. ET to discuss its financial results with the investment community. A live webcast of the call will be available at https://investors.thoughtworks.com. The archived webcast and transcript will be available on the investor relations section of the Thoughtworks website. Supporting resources: Keep up with Thoughtworks news by visiting the company's website.
Thoughtworks (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering to drive digital innovation, will report financial results for the fourth quarter and full year 2023 on Tuesday, February 27, 2024 before market open. Following the release of results, Thoughtworks will host a conference call at 8:00 a.m. ET to discuss its financial results with the investment community. A live webcast of the call will be available at https://investors.thoughtworks.com. The archived webcast and transcript will be available on the investor relations section of the Thoughtworks website. Supporting resources: Keep up with Thoughtworks news by visiting the compa
Third quarter revenues of $280.2 million Provides updated guidance for the full year and fourth quarter of 2023 Thoughtworks Holding, Inc. (NASDAQ:TWKS) ("Thoughtworks" or the "Company"), a leading global technology consultancy, today reported results for the third quarter of 2023 and provided an updated financial outlook for the full year and fourth quarter of 2023. Guo Xiao, Thoughtworks' Chief Executive Officer, said, "We delivered revenues of $280.2 million in the third quarter of 2023. We are seeing more stability in the demand environment and new logo acquisition continues to be a strength, with 34 new clients in the quarter. Our restructuring program is moving at pace. In th
Thoughtworks (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering to drive digital innovation, will report financial results for the third quarter of 2023 on Tuesday, November 7, 2023 before market open. Following the release of results, Thoughtworks will host a conference call at 8:00 a.m. ET to discuss its financial results with the investment community. A live webcast of the call will be available at https://investors.thoughtworks.com. The archived webcast and transcript will be available on the investor relations section of the Thoughtworks website. Supporting resources: Keep up with Thoughtworks news by visiting the company's website.
Second quarter revenues of $287.2 million Announces restructuring actions targeting $75-85 million in annualized cost savings upon completion Provides updated guidance for the full year and third quarter of 2023 Thoughtworks Holding, Inc. (NASDAQ:TWKS) ("Thoughtworks" or the "Company"), a leading global technology consultancy, today reported results for the second quarter of 2023 and provided an updated financial outlook for the full year and third quarter of 2023. Guo Xiao, Thoughtworks' Chief Executive Officer, said, "We delivered revenues of $287.2 million in the second quarter of 2023. This fell short of our guidance as the macro-related factors that we have discussed in rec
Thoughtworks (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering to drive digital innovation, will report financial results for the second quarter of 2023 on Tuesday, August 8, 2023 before market open. Following the release of results, Thoughtworks will host a conference call at 8:00 a.m. ET to discuss its financial results with the investment community. A live webcast of the call will be available at https://investors.thoughtworks.com. The archived webcast and transcript will be available on the investor relations section of the Thoughtworks website. Supporting resources: Keep up with Thoughtworks news by visiting the company's website.
During the last three months, 6 analysts shared their evaluations of Thoughtworks Holding (NASDAQ:TWKS), revealing diverse outlooks from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 3 0 1 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 1 2M Ago 0 0 0 0 0 3M Ago 0 2 2 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $3.83, a high estimate of $6.00, and a low estimate of $2.50. Highlighting a 1.79% decrease, the current ave
Citigroup analyst Ashwin Shirvaikar maintains Thoughtworks Holding (NASDAQ:TWKS) with a Neutral and lowers the price target from $3.25 to $2.75.
Thoughtworks Holding (NASDAQ:TWKS) has been analyzed by 5 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 2 0 1 Last 30D 0 0 0 0 1 1M Ago 0 0 0 0 0 2M Ago 0 2 1 0 0 3M Ago 0 0 1 0 0 In the assessment of 12-month price targets, analysts unveil insights for Thoughtworks Holding, presenting an average target of $4.05, a high estimate of $6.00, and a low estimate of $2.50. A 0.25% drop is eviden
Goldman Sachs analyst James Schneider initiates coverage on Thoughtworks Holding (NASDAQ:TWKS) with a Sell rating and announces Price Target of $2.5.
Citigroup analyst Ashwin Shirvaikar maintains Thoughtworks Holding (NASDAQ:TWKS) with a Neutral and raises the price target from $2.5 to $3.25.
Wedbush analyst Moshe Katri reiterates Thoughtworks Holding (NASDAQ:TWKS) with a Outperform and maintains $6 price target.
Throughout the last three months, 5 analysts have evaluated Thoughtworks Holding (NASDAQ:TWKS), offering a diverse set of opinions from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 4 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 2 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $3.93, a high estimate of $6.00, and a low estimate of $2.50. Highlighting a 17.26% d
Baird analyst David Koning maintains Thoughtworks Holding (NASDAQ:TWKS) with a Outperform and raises the price target from $5 to $6.
Shares of Beyond, Inc. (NYSE:BYON) fell sharply during Tuesday’s session following weaker-than-expected quarterly results. Beyond posted adjusted loss of $1.22 per share, versus estimates for a loss of 87 cents per share. The company’s sales came in at $382.281 million versus estimates of $389.264 million, according to data from Benzinga Pro. Beyond shares dipped 20.8% to $17.34 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Golden Sun Health Technology Group Limited (NASDAQ:GSUN) shares gained 94.7% to $5.60. Golden Sun Health Technology Group regained compliance with Nasdaq continued listing requirement. MMTec, Inc. (NASDAQ:MTC) gained