Upwork (UPWK) Receives New Coverage from Analysts at Royal Bank of Canada

Royal Bank of Canada assumed coverage on shares of Upwork (NASDAQ:UPWK) in a report released on Monday, MarketBeat Ratings reports. The firm issued an outperform rating and a $24.00 price objective on the stock.

Other equities research analysts have also issued research reports about the company. Guggenheim began coverage on Upwork in a research report on Wednesday, October 24th. They issued a buy rating and a $25.00 price target on the stock. Stifel Nicolaus began coverage on Upwork in a research report on Monday. They issued a hold rating and a $18.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $22.00.

Shares of UPWK stock opened at $20.23 on Monday. Upwork has a twelve month low of $16.70 and a twelve month high of $23.49.

In related news, SVP Hayden Brown sold 54,246 shares of the company’s stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $13.95, for a total transaction of $756,731.70. The sale was disclosed in a document filed with the SEC, which is accessible 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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