These Analysts Raise Their Forecasts On Upwork Following Strong Earnings
These Analysts Raise Their Forecasts On Upwork Following Strong Earnings
"Upwork continues to seize the tremendous market opportunity and execute our strategy to deliver durable, profitable growth, with 10% year-over-year revenue growth and our highest-ever net income in the third quarter," said Hayden Brown, president and CEO of Upwork.Upwork Inc. (NASDAQ:UPWK) reported better-than-expected third-quarter results after Wednesday's closing bell.
upwork公司（納斯達克：UPWK）在週三收盤後報告了優於預期的第三季度業績。
Upwork reported quarterly earnings of 29 cents per share, which beat the analyst consensus estimate of 26 cents. Quarterly revenue came in at $193.8 million, which beat the analyst consensus estimate of $185.85 million and is an increase over sales of $175.73 million from the same period last year.
Upwork報告每股盈利爲29美分，超過分析師一致預期的26美分。季度營業收入爲$19380萬，超過分析師一致預期的$18585萬，比去年同期的$17573萬銷售額有所增長。
The company also announced a $100 million share repurchase program.
該公司還宣佈了一個10000萬美元的股份回購計劃。
"Upwork continues to seize the tremendous market opportunity and execute our strategy to deliver durable, profitable growth, with 10% year-over-year revenue growth and our highest-ever net income in the third quarter," said Hayden Brown, president and CEO of Upwork.
「upwork繼續抓住巨大的市場機遇，並執行我們的策略，實現持續的盈利增長，在第三季度實現了10%的年度營收增長，淨利潤達到歷史最高水平，」 upwork的總裁兼首席執行官海登·布朗說。
Upwork sees fourth-quarter revenue of between $178 million and $183 million and adjusted earnings of between 24 cents and 28 cents per share.
Upwork預計第四季度營業收入在17800萬至18300萬美元之間，調整後的每股盈利在24美分至28美分之間。
Upwork shares gained 11.9% to trade at $16.32 on Thursday.
Upwork股價於週四上漲11.9%，報價16.32美元。
These analysts made changes to their price targets on Upwork following earnings announcement.
這些分析師在收到業績後調整了對Upwork的價值預期。
- Piper Sandler analyst Matt Farrell reiterated Upwork with an Overweight and raised the price target from $13 to $18.
- Roth MKM analyst Rohit Kulkarni maintained the stock with a Buy and raised the price target from $13 to $20.
- Goldman Sachs analyst Eric Sheridan maintained Upwork with a Buy and boosted the price target from $21 to $24.
- JMP Securities analyst Andrew Boone maintained Upwork with a Market Outperform and increased the price target from $14 to $18.
- Canaccord Genuity analyst Maria Ripps maintained a Buy rating and boosted the price target from $15 to $18.
- 派傑投資分析師馬特·法雷爾重申對Upwork的看法爲增持，並將目標股價從13美元提高至18美元。
- Roth MKM分析師Rohit Kulkarni維持買入評級，並將目標價從13美元提高至20美元。
- 高盛分析師Eric Sheridan維持對upwork的買入評級，並將目標價從21美元提高至24美元。
- JMP Securities分析師Andrew Boone維持對upwork的市場跑贏評級，並將目標價從14美元提高至18美元。
- Canaccord Genuity分析師Maria Ripps維持買入評級，並將目標價從15美元提高至18美元。
Considering buying UPWK stock? Here's what analysts think:
正在考慮購買UPWk股票嗎？這是分析師們的看法：
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譯文內容由第三人軟體翻譯。
