Upwork (UPWK)

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

The outlook for 2024 looks solid, forecasting growth of 13.77% in revenues and EPS growth of 41%. UPWK does have appear to have an extensive focus on AI and integrating it into the company's business processes while also connecting AI professionals to comapnies. Numerous banks have upgraded UPWK's price target. UPWK's most recent quarter was very strong, but it was the company's first time reaching positive EPS, so we would want to see if this can be maintained going forward. The valuation is at 22.0x forward earnings which is expensive but we think another strong quarter will push momentum even higher. For small cap investors we think it is attractive. 
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Sell? It went out of favour two weeks ago, but the CEO is amazing, so hold this for the long term. Don't sell.

He greatly admires the CEO. Definitely hold or buy.

The stock is up 1000% from last year's lows. Businesses use their platform to hire freelancers (i.e. writers, editors), perfect for the stay at home economy. It released a good report yesterday with good guidance, but sold off today. This is a winner.

It does online recruiting in a time when it's difficult to find workers. He has long liked this.