Stifel Nicolaus Reaffirms Their Buy Rating on Upwork (UPWK)


In a report released yesterday, Logan Thomas from Stifel Nicolaus maintained a Buy rating on Upwork (UPWK), with a price target of $65.00. The company’s shares closed last Tuesday at $51.57, close to its 52-week high of $60.44.

Thomas has an average return of 77.1% when recommending Upwork.

According to TipRanks.com, Thomas is ranked #4648 out of 7329 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Upwork with a $52.80 average price target, a 15.3% upside from current levels. In a report issued on February 16, BTIG also maintained a Buy rating on the stock with a $68.00 price target.

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The company has a one-year high of $60.44 and a one-year low of $5.14. Currently, Upwork has an average volume of 2.06M.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UPWK in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Upwork, Inc. operates an online marketplace that enables businesses to find, hire, and pay freelancers for short-term and longer-term projects. It provides managed services and marketplace offerings such as Upwork Standard, Upwork Enterprise, and Upwork Payroll. The company was founded in December 2013 and is headquartered in Mountain View, CA.

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