In a report released today, Brad Erickson from RBC Capital maintained a Hold rating on Upwork (UPWK – Research Report), with a price target of $15.00. The company’s shares closed yesterday at $11.96.
Erickson covers the Consumer Cyclical sector, focusing on stocks such as Carvana Co, Amazon, and Expedia. According to TipRanks, Erickson has an average return of 18.3% and a 51.79% success rate on recommended stocks.
Currently, the analyst consensus on Upwork is a Moderate Buy with an average price target of $18.40.
UPWK market cap is currently $1.59B and has a P/E ratio of 214.34.
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Upwork (UPWK) Company Description:
Upwork, Inc. operates an online marketplace that enables businesses to find, hire, and pay freelancers for short-term and longer-term projects. It provides managed services and marketplace offerings such as Upwork Standard, Upwork Enterprise, and Upwork Payroll. The company was founded in December 2013 and is headquartered in Mountain View, CA.
