Fly News Breaks for February 27, 2020
Feb 27, 2020 | 06:53 EDT
Cantor Fitzgerald analyst Drew Kootman lowered the firm's price target on Upwork to $10 from $19 and keeps an Overweight rating on the shares. The company reported results above expectations and issued guidance below expectations, as well as a plan to get back to 20% revenue growth, Kootman tells investors in a post-earnings research note. He believes Upwork remains a "compelling" investment opportunity, saying the company's business model appears well positioned to capitalize on the long-term demand for a flexible labor supply.
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