Upwork price target lowered to $27 from $28 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Upwork (UPWK) to $27 from $28 and keeps a Buy rating on the shares. In its Q4 earnings report and forward commentary, Upwork management produced a solid set of operating results with revenue and adjusted EBITDA at or slightly above the high end of its previous given range of guidance, the analyst tells investors in a research note.