Goldman Sachs Maintains Buy on Upwork, Lowers Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan maintains a Buy rating on Upwork (NASDAQ:UPWK) but lowers the price target from $24 to $21.

August 08, 2024 | 3:34 pm
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NEUTRAL IMPACT
Goldman Sachs analyst Eric Sheridan maintains a Buy rating on Upwork but lowers the price target from $24 to $21.
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100