- Piper Sandler analyst Matthew Farrell initiated Upwork Inc UPWK with an Overweight rating and a price target of $40, implying an upside of 37.7%.
- The analyst believes in the broader market opportunity for talent marketplaces, even after the pandemic passes.
- He states that "several tailwinds, like The Great Resignation" and the move from offline to online, can drive growth over the next several years.
- Farrell believes Upwork's full suite of work solutions can help the company navigate a "variety of market conditions and help push further upmarket."
- Price Action: UPWK shares are trading lower by 1.50% at $28.96 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in