Upwork price target raised to $21 from $18 at RBC Capital

RBC Capital analyst Brad Erickson raised the firm’s price target on Upwork (UPWK) to $21 from $18 and keeps a Sector Perform rating on the shares. The company’s Q3 print was decidedly positive as AI starts to look like more of a tailwind than a negative, the analyst tells investors in a research note. The management also loosely implied that it is seeing certain AI disrupted categories as stabilizing, the firm added.