IB Net Payout Yields Model

Upwork: Plodding Along

  • Upwork reported a solid quarter with revenues beating analyst estimates and growing at an impressive 18% clip.
  • The freelance platform didn't guide to the most impressive 2023 growth rate, but Upwork growing sales at 13% is solid for the macro weakness.
  • The stock is cheap at only 2x forward sales while the company forecasts being profitable in '23.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » 
As with most tech related businesses, Upwork (NASDAQ:UPWK) trades at the lows of the last few years. The company saw an initial work from home boost in demand for freelance work, but Upwork has now been hit by budget

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 


Popular posts from this blog

Aurora Cannabis: Deal Or No Deal

Celsius: Unaltered Growth Story

Hims & Hers Health: Still Firing On Strong Cylinders