The Latest Breaking News from Upwork Inc

The technology industry is well-positioned for unprecedented growth thanks to the growing demand for tech-driven solutions. Amid this backdrop, it could be wise to buy tech stocks, such as Informatica (INFA), Upwork (UPWK), and PRA Group (PRAA), trading below $50 with high growth potential. Continue reading….

The increased internet penetration is reshaping various industries, driving digital transformation, connectivity, and access to services like e-commerce, remote work, and online entertainment. Thus, robust internet stocks Jamf Holding (JAMF), Upwork (UPWK), and TrueCar (TRUE), which are trading at discounts to their peers, could be ideal buys. Keep reading….

As the digital landscape continues to evolve, the demand for reliable and innovative internet services remains at an all-time high. Investors seeking to capitalize on this burgeoning sector could keep a close eye on three fundamentally strong stocks Perion Network (PERI), Upwork (UPWK), and Liberty TripAdvisor Holdings (LTRPA) this week.…

RBC Capital analyst Brad Erickson initiated Upwork Inc (NASDAQ:UPWK) with a Sector Perform rating, and a price target of $21, implying an upside of 17%. The analyst initiated UPWK at Sector Perform, reflecting on balanced views of a large TAM and comprehensive services portfolio offset by rising customer acquisition cost, competitive intensity, and likely…

Considering the current market volatility and hiring freeze amid an economic slowdown, it may not make sense to bet on stuffing stocks that could plunge in price due to their fundamental weakness and/or the industry headwinds. Upwork (UPWK), ZipRecruiter (ZIP), and Adecco (AHEXY) have weak financials and growth prospects. So,…

Upwork Inc (NASDAQ:UPWK) reported first-quarter revenue growth of 24% year-over-year to $141.3 million, beating the consensus of $136.47 million. Marketplace revenue was $129.4 million (+24% Y/Y), and Managed services revenue was $11.9 million (+33% Y/Y). The gross margin was flat at 73%. Adjusted EBITDA loss was $(0.4) million, compared with adjusted EBITDA…

Upwork Inc (NASDAQ:UPWK) has suspended all its business operations in Russia and Belarus, taking full effect by May 1, 2022. Existing contracts with talent and clients in the region will remain open, with final billing due by May 1, 2022. Upwork also withdrew its Q1 and FY22 guidance due to rapidly evolving,…

JMP Securities analyst Andrew Boone lowered the price target on Upwork Inc (NASDAQ:UPWK) to $48 from $55 and maintained an Outperform rating on the shares after its in-line Q4 earnings and below-consensus outlook. The analyst mentions that the company is making substantial investments in the business while delaying profitability, now estimating 2022 EBITDA to be…