RBC Capital analyst Brad Erickson lowered the firm’s price target on Upwork (UPWK) to $20 from $24 and keeps a Sector Perform rating on the shares. The company’s Q4 print showcased some encouraging directional indicators, but the shape of the year looking steeper will drive some investor uncertainty on how achievable the company’s big picture turnaround looks, the analyst tells investors in a research note.
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