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Why Upwork Is Rising Today

TheMotleyFool

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Shares of Upwork (NASDAQ: UPWK), which runs an online freelance marketplace, rose as much as 20% in early-morning trading on Thursday. As of 11:10 a.m. EDT, the stock was up about 16%.

Investors can thank JMP Securities analyst Ronald Josey for today's bump.

Josey just updated his near-term price target for Upwork's stock. His new model produced a target price of $11. That's much lower than his previous target of $19.

Source Fool.com

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