Upwork (UPWK) Receives a Buy from BTIG

In a report issued on July 27, Marvin Fong from BTIG maintained a Buy rating on Upwork (UPWKResearch Report), with a price target of $30.00. The company’s shares closed last Thursday at $18.97, close to its 52-week low of $14.85.

According to TipRanks.com, Fong is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -11.2% and a 28.8% success rate. Fong covers the Consumer Goods sector, focusing on stocks such as Redbox Entertainment, Enjoy Technology Inc, and Shift Technologies.

Currently, the analyst consensus on Upwork is a Moderate Buy with an average price target of $28.78, a 27.8% upside from current levels. In a report released yesterday, JMP Securities also maintained a Buy rating on the stock with a $33.00 price target.

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The company has a one-year high of $61.90 and a one-year low of $14.85. Currently, Upwork has an average volume of 1.45M.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is neutral on the stock.

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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.

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