Canaccord Genuity Maintains Buy on Upwork, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Maria Ripps maintains a Buy rating on Upwork (NASDAQ:UPWK) but lowers the price target from $19 to $15.
August 08, 2024 | 12:04 pm
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Canaccord Genuity analyst Maria Ripps maintains a Buy rating on Upwork but lowers the price target from $19 to $15.
The maintained Buy rating suggests continued confidence in Upwork's long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
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IMPORTANCE 70
RELEVANCE 100