UPWK - operates an online talent marketplace that enables businesses to work with various freelancers to serve their needs. They are a much cheaper option than FVRR on a forward EV/Revenue basis with a 10.79x multiple, compared against FVRRs 29.42x multiple. Upwork reported Q3 revenues of $96.95M, which beat analyst consensus by $6.3M. Outlook for Q4 was raised to $96-98M in revenue. Upwork has been a winner from COVID as more businesses look to streamline costs through virtual work. This has increased the potential for companies such as FVRR and UPWK to leverage the online adoption and work from home benefits. UPWK is a great long term dip buy in the $36-32 range.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.