JMP Securities Reaffirms Market Outperform for Upwork (UPWK) Amid Growth in AI Jobs and Enterprise Services

Upwork Inc. (NASDAQ:UPWK) ranks among the best cheap rising stocks to invest in now. With a $20 price target, JMP Securities reaffirmed its Market Outperform rating on Upwork Inc. (NASDAQ:UPWK) on September 12. The firm maintained its optimistic assessment of the freelance platform based on a number of continuous drivers of revenue growth and Gross Services Value (GSV) that are unaffected by macroeconomic factors.

JMP Securities lists several growth factors for the company, including Upwork’s updated variable freelancer fee structure, a redesigned enterprise approach, and an increase in AI-related job opportunities on the platform.

The firm also cites continuous momentum in advertising and monetization technologies, as well as increased acceptance of Upwork’s Business Plus tier as catalysts for growth.

Upwork Inc. (NASDAQ:UPWK) is a communication services company that runs a global freelancing platform, connecting businesses with individuals and agencies.

While we acknowledge the potential of UPWK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.