What Does the Street Think About Upwork Inc. (UPWK)?

Upwork Inc. (NASDAQ:UPWK) is one of the best small-cap stocks with huge growth potential. On February 11, Goldman Sachs cut the price target on Upwork Inc. (NASDAQ:UPWK) to $27 from $28 while maintaining a Buy rating on the shares. The firm told investors in a research note that management produced a solid set of operating results with revenue and adjusted EBITDA at or slightly above the high end of its previously given range of guidance in its fiscal Q4 report and forward commentary.

In another development, Scotiabank also cut the price target of Upwork Inc. (NASDAQ:UPWK) to $15 from $17 on February 10, maintaining a Sector Perform rating on the shares. It stated that it is awaiting evidence that AI is expanding the user base instead of just deepening engagement.

Upwork Inc. (NASDAQ:UPWK) also received a rating update from RBC Capital the same day, with the firm bringing the price target on the stock down to $20 from $24 while maintaining a Sector Perform rating on the shares. It was of the view that while the company’s fiscal Q4 print showed some encouraging directional indicators, the shape of the year looking steeper will drive some investor uncertainty on how achievable the company’s big picture turnaround looks.

Upwork Inc. (NASDAQ:UPWK) operates an online working marketplace that connects professionals and agencies with businesses. Its marketplace offers are specialized for clients looking to hire.

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.