Upwork Inc. (UPWK) PT Raised to $23 at Jefferies

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Go back to Upwork Inc. (UPWK) PT Raised to $23 at Jefferies

Upwork Inc. (UPWK) Price Targets Adjusted Following Earnings Beat

July 28, 2022 11:19 AM EDT

Upwork Inc. (NASDAQ: UPWK) reported earnings after the close Wednesday, beating analyst profit and revenue expectations.

The company posted a second-quarter loss per share of $0.04, topping the analyst estimate of a $0.08 loss per share. Revenue for the quarter came in at $144.33 million versus the consensus estimate of $147.78 million.

Following the report, analysts provided their commentary and adjusted price targets:

Stifel analyst Scott Devitt maintained a Hold rating and increased the firm's price target to $23 from $20 per share.

In a note to clients, Devitt... More