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Upwork’s (UPWK) Lifted Subsidiary Seen as Major Growth Catalyst by Citizens JMP
Yahoo Finance· 2025-10-02 05:53
Group 1 - Upwork Inc. (NASDAQ:UPWK) is recognized for its low P/E ratios and has received a price target increase from $20 to $27 by Citizens JMP, maintaining a Market Outperform rating [1] - The new enterprise platform, Lifted, is expected to significantly enhance Upwork's enterprise offerings over the coming years by integrating essential capabilities in-house [1] - Lifted, formed through the acquisitions of Bubty and Ascen, is viewed as a multi-year growth catalyst that can increase Gross Services Value (GSV) regardless of macroeconomic changes [2] Group 2 - Factors driving GSV and revenue growth for Upwork include the introduction of a new variable freelancer fee, rising demand for AI-related work, development of AI-driven marketplaces, and improvements in advertising and monetization tools [3] - Upwork operates a global freelancing platform that connects businesses with individuals and agencies, positioning itself within the communication services sector [3]