Goldman Sachs raised the firm’s price target on Upwork (UPWK) to $28 from $25 and keeps a Buy rating on the shares. Upwork’s Investor Day highlighted a revamped platform built around three growth pillars — AI-driven workflows, accelerated SMB adoption, and a full-stack Enterprise offering — aimed at capturing a $1.3T digital knowledge work market, the analyst tells investors in a research note. Management also introduced stronger 2025-2028 financial targets, including 7%-9% GSV CAGR, 13%-15% revenue CAGR, and 20% adjusted EBITDA CAGR, all above prior expectations.
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Read More on UPWK:
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