RBC Capital Maintains Sector Perform on Upwork, Raises Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brad Erickson has maintained a 'Sector Perform' rating on Upwork (NASDAQ:UPWK) and raised the price target from $11 to $17.
November 08, 2023 | 8:13 pm
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Upwork's price target has been raised from $11 to $17 by RBC Capital, maintaining a 'Sector Perform' rating.
The increase in price target by RBC Capital indicates a positive outlook for Upwork. This could potentially lead to an increase in the stock price in the short term as it signals to investors that the stock is undervalued at its current price. The 'Sector Perform' rating suggests that the stock is expected to perform in line with the sector average, which is a neutral signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100