Upwork price target raised to $22 from $19 at Roth Capital

Roth Capital analyst Rohit Kulkarni raised the firm’s price target on Upwork (UPWK) to $22 from $19 and keeps a Buy rating on the shares. The company reported a clean beat in Q3 as GSV growth led to Revenue and EBITDA above Street estimates, the analyst tells investors in a research note. Q4 revenue guide implies accelerating growth and came clearly above the Street estimates while EBITDA guide bracketed expectations, the analyst tells investors in a research note.