RBC Capital Mkts downgraded Thoughtworks from Outperform to Sector Perform and set a new price target of $6.00 from $10.00 previously
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| 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 |
Thoughtworks (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering, today announced the completion of its acquisition by affiliates of certain investment funds advised by Apax Partners LLP ("Apax Funds"). The transaction, valued at approximately $1.75 billion, takes Thoughtworks private. Under the terms of the agreement, Thoughtworks' stockholders will receive $4.40 per share in cash, a 48% premium over the volume-weighted average price of Thoughtworks stock for the 30 days ending August 2, 2024, the last full trading day prior to the transaction announcement. With the transaction's completion, Thoughtworks' shares will no longer be publicly tra
Third quarter revenues of $261.4 million Thoughtworks Holding, Inc. (NASDAQ:TWKS) ("Thoughtworks" or the "Company"), a leading global technology consultancy, today reported results for the third quarter of 2024. Acquisition Update As announced on August 5, 2024, Thoughtworks has entered into a definitive merger agreement to be acquired by affiliates of certain investment funds advised by Apax Partners LLP for $4.40 per share (the "Merger"). In connection with the Merger, Thoughtworks has filed a definitive Information Statement with the Securities and Exchange Commission on October 21, 2024. A copy of the Information Statement can be found by visiting the Investor Relations section
Thoughtworks (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering to drive digital innovation, today released volume 31 of the Technology Radar, a biannual report informed by Thoughtworks' observations, conversations and frontline experiences solving its clients' most complex business challenges. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241023294155/en/ This volume spotlights the proliferation of generative AI tools, platforms and frameworks that are emerging to help developers build them not only more effectively but also more responsibly. Being able to control the ‘context window
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
4 - Thoughtworks Holding, Inc. (0001866550) (Issuer)
4 - Thoughtworks Holding, Inc. (0001866550) (Issuer)
4 - Thoughtworks Holding, Inc. (0001866550) (Issuer)
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
Third quarter revenues of $261.4 million Thoughtworks Holding, Inc. (NASDAQ:TWKS) ("Thoughtworks" or the "Company"), a leading global technology consultancy, today reported results for the third quarter of 2024. Acquisition Update As announced on August 5, 2024, Thoughtworks has entered into a definitive merger agreement to be acquired by affiliates of certain investment funds advised by Apax Partners LLP for $4.40 per share (the "Merger"). In connection with the Merger, Thoughtworks has filed a definitive Information Statement with the Securities and Exchange Commission on October 21, 2024. A copy of the Information Statement can be found by visiting the Investor Relations section
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.
SC 13D/A - Thoughtworks Holding, Inc. (0001866550) (Subject)
SC 13D/A - Thoughtworks Holding, Inc. (0001866550) (Subject)
SC 13D/A - Thoughtworks Holding, Inc. (0001866550) (Subject)
SCHEDULE 13G - Thoughtworks Holding, Inc. (0001866550) (Subject)
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S-8 POS - Thoughtworks Holding, Inc. (0001866550) (Filer)
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.