Upwork (NASDAQ:UPWK) had its target price upped by investment analysts at Jefferies Financial Group from $20.00 to $21.00 in a report released on Thursday. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 18.78% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus assumed coverage on Upwork in a research note on Monday, October 29th. They set a “hold” rating and a $18.00 price target for the company. Citigroup began coverage on Upwork in a research note on Monday, October 29th. They issued a “buy” rating and a $23.00 price objective on the stock. Royal Bank of Canada began coverage on Upwork in a research note on Monday, October 29th. They issued an “outperform” rating and a $24.00 price objective on the stock. Finally, Guggenheim began coverage on Upwork in a research note on Wednesday, October 24th. They issued a “buy” rating and a $25.00 price objective on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Upwork has a consensus rating of “Buy” and an average target price of $22.20.

UPWK opened at $17.68 on Thursday. Upwork has a fifty-two week low of $15.84 and a fifty-two week high of $23.49.

Upwork (NASDAQ:UPWK) last posted its quarterly earnings results on Wednesday, November 7th. The company reported ($0.04) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.04). The firm had revenue of $64.10 million for the quarter, compared to analysts’ expectations of $62.24 million. The firm’s revenue was up 22.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Upwork will post -0.12 earnings per share for the current fiscal year.

In related news, SVP Hayden Brown sold 54,246 shares of the firm’s stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $13.95, for a total value of $756,731.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Upwork Company Profile

Upwork Inc operates an online platform that connects businesses and freelancers. Its platform comprise freelancers in content marketing, customer service, data science and analytics, graphic design, mobile development, sales, and web development categories. The company was formerly known as Elance-oDesk, Inc and changed its name to Upwork Inc in May 2015.

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Analyst Recommendations for Upwork (NASDAQ:UPWK)

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