Upwork Inc. (UPWK) PT Raised to $22 at Goldman Sachs

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Go back to Upwork Inc. (UPWK) PT Raised to $22 at Goldman Sachs

Upwork Inc. (UPWK) climbs after earnings, revenue tops consensus expectations

February 15, 2024 8:46 AM EST

Upwork Inc. (NASDAQ: UPWK) shares surged 2.6% following a robust fourth-quarter earnings report that exceeded analyst expectations. The online freelancing platform announced an adjusted EPS of $0.20, surpassing the consensus estimate of $0.17. Revenue for the quarter also beat forecasts, coming in at $183.93 million against the anticipated $178.15 million. This represents a significant 14% increase in revenue YoY, signaling strong growth for the company.

The positive market response aligns with Upwork's reported growth and profitability, showcasing a successful year. The company's active clients grew by 5% YoY, reaching a record 851,000 by the end of... More