Upwork Inc: Best-of-Breed Freelancing Stock Could Double
Upwork Inc's Massive Global Potential Means Major Gains Ahead
The global workforce is becoming more interconnected whether you like it or not. The ability to perform freelance tasks regardless of where you live has opened up endless opportunities for workers around the world.
The scale of the potential market is massive. The current leader in the freelance segment is Upwork Inc (NASDAQ:UPWK), which debuted with a highly anticipated initial public offering (IPO) at $15.00 per share in October 2018.
But after a jump to $25.00 on its first day, UPWK stock has been under selling pressure, breaking below $16.00 on May 16 to just above its IPO price.
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