UBS analyst Joshua Chan initiates coverage on $Upwork (UPWK.US)$ with a hold rating, and sets the target price at $18.
According to TipRanks data, the analyst has a success rate of 76.1% and a total average return of 13.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Upwork (UPWK.US)$'s main analysts recently are as follows:
Following a recent hosting at a technology and artificial intelligence conference, the company's management displayed a cautious stance on the trajectory of its gross services volume extending into 2025. Nevertheless, substantive progress is being made in its financial strategy, notably through initiatives aimed at improving margins that are projected to drive over 20% EBITDA growth in 2025, despite a slight dip in GSV and revenue. The sustained financial performance could potentially serve as a catalyst for multiple expansion over time, although the risk/reward scenario is currently viewed as balanced.
As we approach 2025, it is considered almost certain that government policy will significantly influence the market. Analysts believe that impending policies from the incoming administration will likely benefit consumers. Upwork is currently valued at a multiple lower than the median for the e-commerce sector, and is trading at a discount compared to a peer in the talent platform market.
Note:
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