UPDATE: JMP Securities Starts Upwork Inc. (UPWK) at Market Outperform

JMP Securities analyst Andrew Boone initiates coverage on Upwork Inc. (NASDAQ: UPWK) with a Market Outperform rating and a price target of $55.00.

The analyst comments "We expect Upwork to report 4Q21 results in line with us and consensus. We are most focused on Upwork's progress with enterprise accounts as it now better addresses more aspects of corporate hiring with Project Catalog (project-based hiring), Talent Scout (hiring with an Upwork recruiter), and its core Talent Marketplace, while the company invests in growing its enterprise sales force."

For an analyst ratings summary and ratings history on Upwork Inc. click here. For more ratings news on Upwork Inc. click here.

Shares of Upwork Inc. closed at $28.24 yesterday.

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