Upwork price target raised to $21 from $16 at UBS

UBS raised the firm’s price target on Upwork (UPWK) to $21 from $16 and keeps a Neutral rating on the shares. Upwork is close to an inflection point in Gross Services Volume following five quarters of declines, the analyst tells investors in a research note. If Upwork performs slightly better than expected, it is also possible to see GSV growth in Q3 or Q4, the firm says, adding that GSV stabilization is a key milestone for Upwork, and this could blunt the AI headwind narrative, which has been an overhang on the stock.