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The Latest Breaking News from Upwork Inc

Why Upwork Shares Are Trading Higher By Over 22%; Here Are 20 Stocks Moving Premarket

Shares of Upwork Inc (NASDAQ:UPWK) rose sharply in pre-market trading after the company reported better-than-expected third-quarter financial results and issued fourth-quarter guidance above estimates. Also, the company raised its FY25 guidance above estimates.

3 Gig Economy Stocks Transforming the Workforce

3 Gig Economy Stocks Transforming the Workforce

Changing employment preferences and blending income opportunities with personal freedom have fueled the gig economy’s rapid growth. Thus, investors can explore stable gig economy stocks, DoorDash (DASH), Upwork (UPWK), and Fiverr (FVRR), which are transforming how work gets done. Read on….

3 Tech Stocks Trading Below $50 With High Growth Potential

3 Tech Stocks Trading Below $50 With High Growth Potential

The technology industry is well-positioned for unprecedented growth thanks to the growing demand for tech-driven solutions. Amid this backdrop, it could be wise to buy tech stocks, such as Informatica (INFA), Upwork (UPWK), and PRA Group (PRAA), trading below $50 with high growth potential. Continue reading….

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3 Bargain Internet Stock Buys for Savvy Investors

The increased internet penetration is reshaping various industries, driving digital transformation, connectivity, and access to services like e-commerce, remote work, and online entertainment. Thus, robust internet stocks Jamf Holding (JAMF), Upwork (UPWK), and TrueCar (TRUE), which are trading at discounts to their peers, could be ideal buys. Keep reading….

3 Internet Stocks Heading Towards April Profits

The internet industry is experiencing significant growth due to the surge in internet penetration globally and rapid digitalization across multiple sectors, fueling demand for internet-based solutions. Thus, investors could consider buying top internet stocks Angi (ANGI), Upwork (UPWK), and Similarweb (SMWB) for substantial profits this month. Read more.

2024 Internet Stock Picks: Buy or Hold?

The ever-growing internet industry is boosted by rapid internet penetration and supportive government initiatives. Hence, let us analyze if leading internet stocks Match Group (MTCH), Upwork (UPWK) and Expedia Group (EXPE) might be solid picks for the following year.

3 Internet Stocks Outperforming Shopify (SHOP)

Shopify (SHOP) reported higher earnings and revenue during the second quarter as it lowered costs and increased the prices of its services. Despite its positive outlook, the company will likely face headwinds from uncertain macroeconomic conditions and rising competition. However, given the internet industry’s long-term growth prospects, I have discussed…

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3 Internet Stocks to Buy for Quality

3 Internet Stocks to Buy for Quality

With the increased penetration of the internet and the digitization of business operations, the internet services sector is well-positioned for growth. To that end, it could be wise to buy fundamentally strong internet services stocks, VeriSign (VRSN), Wix.com (WIX), and Upwork (UPWK), given their high profitability. Read more.

3 Internet Services Stocks to Watch This Week

3 Internet Services Stocks to Watch This Week

As the digital landscape continues to evolve, the demand for reliable and innovative internet services remains at an all-time high. Investors seeking to capitalize on this burgeoning sector could keep a close eye on three fundamentally strong stocks Perion Network (PERI), Upwork (UPWK), and Liberty TripAdvisor Holdings (LTRPA) this week.…

RBC Capital Sees Sharp Upside In This Work Marketplace

RBC Capital Sees Sharp Upside In This Work Marketplace

RBC Capital analyst Brad Erickson initiated Upwork Inc (NASDAQ:UPWK) with a Sector Perform rating, and a price target of $21, implying an upside of 17%. The analyst initiated UPWK at Sector Perform, reflecting on balanced views of a large TAM and comprehensive services portfolio offset by rising customer acquisition cost, competitive intensity, and likely…

3 Staffing Stocks to Avoid as Companies Warn of a Hiring Slowdown

3 Staffing Stocks to Avoid as Companies Warn of a Hiring Slowdown

Considering the current market volatility and hiring freeze amid an economic slowdown, it may not make sense to bet on stuffing stocks that could plunge in price due to their fundamental weakness and/or the industry headwinds. Upwork (UPWK), ZipRecruiter (ZIP), and Adecco (AHEXY) have weak financials and growth prospects. So,…

Upwork Stock Shines On Q1 Growth, Expects Strong Q2 Performance

Upwork Stock Shines On Q1 Growth, Expects Strong Q2 Performance

Upwork Inc (NASDAQ:UPWK) reported first-quarter revenue growth of 24% year-over-year to $141.3 million, beating the consensus of $136.47 million. Marketplace revenue was $129.4 million (+24% Y/Y), and Managed services revenue was $11.9 million (+33% Y/Y). The gross margin was flat at 73%. Adjusted EBITDA loss was $(0.4) million, compared with adjusted EBITDA…

Why Upwork Shares Are Sliding Today

Why Upwork Shares Are Sliding Today

Upwork Inc (NASDAQ:UPWK) has suspended all its business operations in Russia and Belarus, taking full effect by May 1, 2022. Existing contracts with talent and clients in the region will remain open, with final billing due by May 1, 2022. Upwork also withdrew its Q1 and FY22 guidance due to rapidly evolving,…

Why Are Upwork Shares Trading Lower Today?

Why Are Upwork Shares Trading Lower Today?

JMP Securities analyst Andrew Boone lowered the price target on Upwork Inc (NASDAQ:UPWK) to $48 from $55 and maintained an Outperform rating on the shares after its in-line Q4 earnings and below-consensus outlook. The analyst mentions that the company is making substantial investments in the business while delaying profitability, now estimating 2022 EBITDA to be…

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