UBS upgrades Upwork on signs of growth rebound, stronger cash flow By Investing.com
Update: 2025-10-28
Description
**Summary:**Upwork, a leading freelancing platform, received a major boost from UBS, who upgraded its rating from Neutral to Buy. UBS predicts a turnaround for Upwork, with potential growth in the third quarter, driven by improved web traffic and increased client spending. Upwork's free cash flow is projected to surge, enabling share buybacks and pushing return on invested capital into the high teens. UBS's twenty-one dollar target price is based on projected adjusted earnings, and the market may not yet fully appreciate Upwork's improving profit margins and cash flow. While the outlook is positive, investors are advised to use a mix of strategies and understand the fundamentals before investing.
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