Upwork Reports Third Quarter 2020 Financial Results

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Go back to Upwork Reports Third Quarter 2020 Financial Results

Stifel Upgrades Upwork Inc. (UPWK) to Buy

November 5, 2020 6:15 AM EST

Stifel analyst Scott Devitt upgraded Upwork Inc. (NASDAQ: UPWK) from Hold to Buy with a price target of $31.00 (from $17.00).

The analyst comments "We upgrade shares of UPWK to Buy as we expect strong growth for Upworks job outsourcing marketplace to continue. Accelerated adoption of... More

Upwork Inc. (UPWK) Tops Q3 EPS by 4c

November 4, 2020 4:07 PM EST

Upwork Inc. (NASDAQ: UPWK) reported Q3 EPS of ($0.04), $0.04 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $96.7 million versus the consensus estimate of $90.44 million.

Our third quarter performance was fueled by strength from both existing and new clients,... More