RBC Cuts Upwork Price Target to $20, Flags Execution Risk in Turnaround
RBC Capital lowered its 12-month price objective for Upwork Inc. (NASDAQ: UPWK) to $20 from $24 and left its Sector Perform rating intact, citing increased execution risk tied to the company’s turnaround. The firm balanced those concerns against several constructive indicators from Upwork’s fourth-quarter results and ongoing operational improvement…