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Upwork:Quarterly Results/2022 Q4: Difference between revisions
Upwork:Quarterly Results/2022 Q4 (view source)
Revision as of 14:34, 15 February 2023
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== Analyst Opinions == | == Analyst Opinions == | ||
* Piper Sandler analyst Matt Farrell kept an Overweight rating on Upwork after the company announced it was venturing into full-time rating. The analyst said, "The product further solidifies the company's position as one of the leaders in the world's work marketplace, with no other major player in the space offering the end-to-end capabilities across the work gamut." He added that the new product unlocks a new total addressable market for the company<ref>https://thefly.com/landingPageNews.php?id=3661865&headline=UPWK-Upwork-expansion-opens-new-addressable-market-says-Piper-Sandler&utm_source=https://thefly.com/news.php%3fsymbol=UPWK&utm_medium=referral&utm_campaign=referral_traffic</ref>. | * On February 13, Piper Sandler analyst Matt Farrell kept an Overweight rating on Upwork but did not change the price target after the company announced it was venturing into full-time rating. The analyst said, "The product further solidifies the company's position as one of the leaders in the world's work marketplace, with no other major player in the space offering the end-to-end capabilities across the work gamut." He added that the new product unlocks a new total addressable market for the company<ref>https://thefly.com/landingPageNews.php?id=3661865&headline=UPWK-Upwork-expansion-opens-new-addressable-market-says-Piper-Sandler&utm_source=https://thefly.com/news.php%3fsymbol=UPWK&utm_medium=referral&utm_campaign=referral_traffic</ref>. | ||
* On January 6, Piper Sandler analyst Matt Farrell lowered Upwork's price target from $20 to $15 and kept overweight rating. He said, "While uncertainty still exists and we certainly aren't out of the woods, we feel the uncertainty is more of a 'known-known' relative to this time last year."<ref>https://thefly.com/landingPageNews.php?id=3640814&headline=UPWK-Upwork-price-target-lowered-to--from--at-Piper-Sandler</ref> | |||
* On December 13, Citi analyst Ronald Josey initiated coverage of Upwork with a Neutral rating and $14 price target. His core thesis across the internet sector continues to revolve around growing engagement via newer products and services. He favors companies "that are leaders in their respective categories, are innovative, and deliver improving margins and profitability."<ref>https://thefly.com/landingPageNews.php?id=3632165&headline=UPWK-Upwork-initiated-with-a-Neutral-at-Citi</ref> | |||
== Main Product Updates<ref>https://community.upwork.com/t5/Product-Release-Notes/bg-p/ProductUpdates</ref> == | == Main Product Updates<ref>https://community.upwork.com/t5/Product-Release-Notes/bg-p/ProductUpdates</ref> == | ||