Roth MKM raised the firm’s price target on Upwork to $19 from $14 and keeps a Buy rating on the shares. The company reported a clean beat with its Q4 results and provided guidance that was generally above the firm’s and consensus estimates, the analyst tells investors in a research note. Upwork is seeing growing traction with AI gigs and the company has also announced an AI startup acquisition, the firm adds, further citing improving Tech/Internet secular trends.
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Read More on UPWK:
- Upwork Reports Fourth Quarter and Full Year 2023 Financial Results
- UPWK Upcoming Earnings Report: What to Expect?
- Upwork price target raised to $20 from $19 at Goldman Sachs
- Upwork to Report Fourth Quarter and Full Year 2023 Financial Results on February 14, 2024
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