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Should I Sell UpWork Stock?

Last updated on September 30, 2022 @ 9:02 pm

UpWork (NASDAQ: UPWK) is a publicly traded company that operates a website and mobile app that connects businesses with freelancers for projects. The stock has been on a tear lately, up nearly 50% in the past year.

PRO TIP: Selling Upwork stock may not be the best idea, as the company is currently undervalued and has good potential for future growth.

The company is benefiting from the continued shift of work away from traditional offices and toward remote locations. With more businesses requiring workers outside of the traditional workforce, UpWork is in a prime position to take advantage of this growing trend.

Upwork’s platform allows businesses to post projects and then receive bids from freelancers. The company makes money by charging businesses a service fee for each project. UpWork also offers a variety of features to help businesses find the right freelancers for their needs, including skills tests and ratings.

The stock is not without risks, however. UpWork is facing increased competition from other freelancer platforms, such as Fiverr (NYSE: FVRR) and TopTal. Additionally, the company’s business model is reliant on the continued growth of the freelancer economy, which may not be sustainable in the long run.

Conclusion:

Overall, UpWork is a company with great potential but also some risks. investors should do their own research before buying shares.

Kathy McFarland

Kathy McFarland

Devops woman in trade, tech explorer and problem navigator.