Jefferies Upgrades Upwork to Buy, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Brent Thill has upgraded Upwork (NASDAQ:UPWK) from Hold to Buy and increased the price target from $13 to $20, indicating a positive outlook on the company's stock.
January 08, 2024 | 11:49 am
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Upwork's stock rating has been upgraded by Jefferies from Hold to Buy, with a raised price target from $13 to $20, suggesting a bullish stance on the stock's potential.
An upgrade from Hold to Buy typically indicates that the analyst sees a strong potential for stock price appreciation. The increase in price target further reinforces this positive outlook, which can lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100