Where Upwork Stands With Analysts
Portfolio Pulse from Benzinga Insights
Analyst ratings for Upwork (NASDAQ:UPWK) have varied over the last quarter, with a recent shift towards more bullish sentiments. The latest evaluations show an increase in the average 12-month price target to $18.25, up from $17.67. Analyst actions include both upgrades and downgrades, with price targets ranging from $15.00 to $22.00. Upwork's financial performance is highlighted by strong revenue growth and net margin, though its ROE is below industry standards. The company's market position and financial health are considered strong, with a low debt-to-equity ratio.
May 02, 2024 | 7:00 pm
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POSITIVE IMPACT
Analyst ratings for Upwork have shown a positive trend with an updated average price target of $18.25, indicating a bullish outlook. The company's strong revenue growth and net margin are likely to support positive investor sentiment.
The increase in the average price target and positive financial indicators such as revenue growth and net margin suggest a bullish outlook for Upwork. Analyst upgrades and the company's strong market position contribute to the positive short-term impact on the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100