Upwork price target raised to $25 from $24 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Upwork (UPWK) to $25 from $24 and keeps a Buy rating on the shares. Upwork’s management produced a strong operating performance exceeding the high end of its guided ranges for revenue, adjusted EBITDA and adjusted EPS as the platform’s host of AI features drive operating momentum in the reported quarter, the forward quarter guidance framework and likely will lead to continued operating momentum into 2026, the analyst tells investors in a research note.