Upwork (UPWK) Stock

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Boston, Dec. 27, 2024 (GLOBE NEWSWIRE) -- Consumer365, a trusted authority on technology and business insights, has recognized Upwork as the top job posting site for employers in 2025. This distinction underscores Upwork's role as a vital resource for businesses adapting to the growing demand for remote work and freelance talent in a changing employment landscape.

Upwork (UPWK 0.66%) is a gig economy stock that makes hiring employees more convenient.

This platform business has increased revenue while improving profits.

Upwork has been benefiting from its AI-driven portfolio, accretive acquisitions and solid partnerships.

I'm initiating Upwork with a buy, as I'm convinced by management's surgical approach to reducing costs while boosting profitability next year. The way I see it, Upwork has three things that'll work in its favor: disciplined cost reduction, scaling its reach, and new improvements to the platform using AI. UPWK also recently introduced a new Business Plus plan that adds another entry point to the platform with more affordable pricing and a smoother buying plan.

Upwork (UPWK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Upwork Inc. (UPWK) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, UPWK's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.

The company reported better-than-expected results for its third quarter.