Upwork shares are trading higher after the company reported better-than-expected Q2 financial results and issued FY23 adjusted EPS guidance above estimates. Additionally, JPM Securities and Needham raised their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
Upwork's shares are trading higher following the release of its Q2 financial results, which exceeded expectations. The company also issued FY23 adjusted EPS guidance above estimates. JPM Securities and Needham have subsequently raised their price targets on the stock.
August 04, 2023 | 1:32 pm
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Upwork's better-than-expected Q2 results and positive FY23 EPS guidance have led to a rise in its share price. JPM Securities and Needham have also raised their price targets on the stock.
Upwork's strong Q2 results and positive FY23 EPS guidance have exceeded market expectations, leading to a rise in its share price. This positive financial performance has also led JPM Securities and Needham to raise their price targets on the stock, indicating a positive outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100