Citizens JMP Reiterates Market Outperform Rating on Upwork Inc. (UPWK)

Citizens JMP analyst Andrew Boone reiterated a Market Outperform rating and $20.00 price target on Upwork Inc. (NASDAQ: UPWK).

The analyst commented, "We maintain our Market Outperform rating and $20 price target. We continue to believe Upwork has multiple ongoing catalysts for GSV and revenue growth independent of any macro improvement. These include the rollout of its new variable freelancer fee, a revamped enterprise strategy, growth in AIrelated work, AI-driven marketplace enhancements, and sustained momentum in ads and monetization tools alongside continued adoption of Business Plus. Coupled with ongoing cost discipline, we see upside to both top- and bottom-line estimates."

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 $16.37 yesterday.

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