Stifel Nicolaus analyst Logan Thomas maintained a Buy rating on Upwork (NASDAQ:UPWK) on Tuesday, setting a price target of $65, which is approximately 28.94% above the present share price of $50.41.
Thomas expects Upwork to post earnings per share (EPS) of -$0.06 for the second quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Upwork, with an average price target of $65.
The analysts price targets range from a high of $65 to a low of $65.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $113.62 million and a net profit of -$7.7 million. The company's market cap is $6.36 billion.
According to TipRanks.com, Stifel Nicolaus analyst Logan Thomas is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 28.4% and a 80.00% success rate.
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.