Freelance work is increasing in popularity because hiring a freelancer is typically less expensive than hiring a full-time employee or agency. In addition, freelancers earn more than they would as employees for completing the same tasks even if they charge less. Therefore, it is a win-win for both sides.
Upwork Inc. (NASDAQ:UPWK), is poised to benefit from this shift and is expected to see strong revenue growth. However, current valuations may not make it an optimal time to initiate a position.
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