Piper Sandler Sees Sharp Upside In Upwork - Read Why

January 13, 2022 11:03 AM | 1 min read | Make a Comment

Piper Sandler analyst Matthew Farrell initiated Upwork Inc UPWK with an Overweight rating and a price target of $40, implying an upside of 37.7%.
The analyst believes in the broader market opportunity for talent marketplaces, even after the pandemic passes.
He states that "several tailwinds, like The Great Resignation" and the move from offline to online, can drive growth over the next several years.
Farrell believes Upwork's full suite of work solutions can help the company navigate a "variety of market conditions and help push further upmarket."
Price Action: UPWK shares are trading lower by 1.50% at $28.96 on the last check Thursday.

Posted In: Analyst Color News Price Target Initiation Analyst Ratings Movers Trading Ideas Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.