Upwork: Good Business But Slightly Pricey Stock

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.  

​Here are the main points of this report:  

• Upwork is well-positioned to capture revenues from the growing popularity of freelancing. 
• Freelancing is less expensive than full-time employees, but also more rewarding for expert freelancers. 
• Valuation may be a concern when assessing Upwork. 

 
*This is a premium seeking alpha article, so we can’t fully post it here.*   ​

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