EXPLAINED: 2 - The Real Truth

Upwork Inc (NASDAQ:UPWK) has suspended all its business operations in Russia and Belarus, taking full effect by May 1, 2022. Existing contracts with talent and clients in the region will remain open, with final billing due by May 1, 2022. Upwork also withdrew its Q1 and FY22 guidance due to rapidly evolving,…

The major stock market indexes have been witnessing high price swings since the start of the year. And while impressive fourth-quarter corporate earnings have provided the stock market some support, popular companies Meta (FB), PayPal (PYPL), Affirm (AFRM), and Upwork (UPWK) reported revenues that were below Street estimates. So, let’s…

JMP Securities analyst Andrew Boone lowered the price target on Upwork Inc (NASDAQ:UPWK) to $48 from $55 and maintained an Outperform rating on the shares after its in-line Q4 earnings and below-consensus outlook. The analyst mentions that the company is making substantial investments in the business while delaying profitability, now estimating 2022 EBITDA to be…