Professional
Added to YB: 2024-06-13
Pitch date: 2024-06-12
TWKS [neutral]
Thoughtworks Holding, Inc.
+59.64%
current return
Author Info
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Company Info
Thoughtworks Holding, Inc. provides technology consultancy services in North America, the Asia Pacific, Europe, and Latin America.
Market Cap
$1.5B
Pitch Price
$2.80
Price Target
N/A
Dividend
N/A
Sector
IT Services
Category
value
Pernas Research Passes On: Thoughtworks Holding, Inc.
TWKS: High-end tech consulting firm down 90% since '21 IPO. Agile digital transformation & AI services in demand, but Q1 rev -19% YoY as quality erodes with scale & competition intensifies. Strong brand but premium pricing at risk in current environment. Mkt cap $912M, EV/EBITDA 56x.
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