Citigroup Maintains Neutral on Upwork, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ronald Josey maintains a Neutral rating on Upwork (NASDAQ:UPWK) and lowers the price target from $13 to $11.
September 25, 2024 | 6:12 pm
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Citigroup analyst Ronald Josey maintains a Neutral rating on Upwork and lowers the price target from $13 to $11, indicating a cautious outlook.
The lowering of the price target from $13 to $11 by Citigroup suggests a less optimistic view on Upwork's future performance, which could lead to a negative short-term impact on the stock price. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target reflects potential concerns about growth or market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100