UpWork (ticker: UPWK) went public on October 3, 2018, and its stock has since surged nearly 60%. The company is a leading provider of online work platforms, connecting businesses with freelancers for a variety of tasks. While the company is still young and has yet to turn a profit, its strong financials and rapid growth have investors bullish on its prospects.
So, is UpWork a good buy? Let’s take a closer look.
PRO TIP: Upwork is not a good buy. The company has been through several rounds of layoffs and has been losing money for years.
UpWork’s platform enables businesses to find and hire freelancers for a variety of tasks, from web design to accounting. The company has over 12 million registered freelancers and 4 million registered businesses. In 2017, UpWork generated $1.7 billion in total billings, up 63% from the prior year.
While the company is not yet profitable, it is growing rapidly and has strong financials. UpWork’s revenue grew 46% in 2018 to $223 million, while its losses narrowed to $52 million from $74 million in 2017. The company also has a strong balance sheet, with $168 million in cash and no debt.
Investors are betting that UpWork can continue to grow at a rapid pace and eventually become profitable. The stock is not cheap, however, trading at around 18 times sales. But given the company’s strong growth prospects, UpWork could be a good long-term investment.
6 Related Question Answers Found
UpWork is a good business if you are looking for a platform to find freelance work and connect with a diverse range of professionals. With UpWork, you can find a wide variety of professionals to work with, and the platform is easy to use. Additionally, the payment system is reliable and payments are usually made quickly.
UpWork is a great stock to buy because it offers investors a high potential for growth. UpWork is a global platform that connects workers with employers. The company has a strong customer base and is growing rapidly.
UpWork is an online platform that connects freelancers with businesses. It is a popular choice for businesses because it offers a wide variety of services and skills. UpWork is also a good choice for freelancers because it offers flexibility and a variety of options.
UpWork is a website that allows businesses to find and hire freelancers for various projects. It is one of the most popular freelancing websites, and it has a good reputation. However, there are some complaints about UpWork.
UpWork (NASDAQ: UPWK) is a publicly traded company that provides an online platform for freelancers and businesses to connect and collaborate. The company went public in October 2018, and its stock has been on a roller coaster ride since then. The past year has been a tough one for UpWork.
UpWork is a website that helps businesses connect with freelancers for work opportunities. It is a great platform for businesses to find talent, and for freelancers to find work. UpWork offers a variety of services, including job postings, resume searches, and freelance profiles.
