Upwork Inc. (UPWK) PT Lowered to $10 at Piper Sandler
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/19/2026
- Wall St recovers as yields ease; Moderna lifts healthcare stocks
- U.S. Treasury doubles buyback operation size for long-dated bonds
- Marvell shares jump after giving Google warrants amid custom chip deal
- Nvidia credit risk gauge hits new peak as SoftBank readies record bond issue
- Deutsche Bank calls Treasury buyback doubling similar to ’operation twist’
- Marvell issues Google warrant tied to custom chip deal
- Tech selloff weighs down Wall Street as bond yields climb
- FOMC minutes from July 28-29th meeting
- Lowe's Cos. (LOW) Tops Q2 EPS by 17c, Misses on Revenue; Offers Fy27 Guidance
- Nvidia or Sandisk? BofA reveals which stock is under-owned and which is crowded
Upwork (UPWK) plunges after cutting full-year revenue guidance
May 4, 2023 8:30 AM EDTUpwork Inc. (NASDAQ: UPWK) shares plunged more than 20% after the company cut its full-year revenue guidance due to macroeconomic headwinds impacting client behavior.
The online freelance marketplace reported a Q1 loss per share of $0.01, $0.09 better than the analyst estimate of a loss of $0.10 per share, while revenue for the quarter came in at $160.8 million versus the consensus estimate of $159.01 million.
However, the company said "unanticipated softness in certain client behavior due... More
