Upwork (UPWK 0.66%) is a gig economy stock that makes hiring employees more convenient.
This platform business has increased revenue while improving profits.
Upwork has been benefiting from its AI-driven portfolio, accretive acquisitions and solid partnerships.
UPWK shares benefit from expanding portfolio and increasing clientele. However, declining GSV revenue and macroeconomic uncertainty are headwinds.
I'm initiating Upwork with a buy, as I'm convinced by management's surgical approach to reducing costs while boosting profitability next year. The way I see it, Upwork has three things that'll work in its favor: disciplined cost reduction, scaling its reach, and new improvements to the platform using AI. UPWK also recently introduced a new Business Plus plan that adds another entry point to the platform with more affordable pricing and a smoother buying plan.
Upwork (UPWK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Upwork Inc. (UPWK) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, UPWK's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.
The company reported better-than-expected results for its third quarter.
Upwork CEO Hayden Brown joins CNBC's 'The Exchange' to discuss the market for freelance work, trends she is seeing in AI, and more.
The online employment marketplace posted solid third-quarter results.
Upwork Inc. UPWK reported better-than-expected third-quarter results after Wednesday's closing bell.
Upwork Inc. (UPWK) Q3 2024 Earnings Call Transcript