Upwork price target raised to $18 from $15 at Canaccord

Canaccord analyst Maria Ripps raised the firm’s price target on Upwork (UPWK) to $18 from $15 and keeps a Buy rating on the shares. The firm said its Q3 report was in line with expectations, with GSV down modestly year-over-year as the macro environment remains challenging, although trends did start to improve in late August and into September.