BTIG analyst Marvin Fong lowered the firm’s price target on Upwork to $13 from $15 but keeps a Buy rating on the shares as part of a broader research note on the broader TMT sector. AI will continue to be an overhang in the “knowledge” space, and while the firm’s work continues to suggest that a neutral or even positive net impact on freelancing from AI is possible, nothing can be ruled out as the technology evolves, the analyst tells investors in a research note.
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