UPWK Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: Upwork may benefit from a rising demand for freelance services amid economic uncertainty, potentially enhancing user engagement and driving revenue growth.




Bearish Case: Heightened competition from platforms like Fiverr, coupled with ongoing macroeconomic challenges, could impede Upwork’s growth and further depress its stock price.




Potential Outcomes:

1. 35%: Upwork improves market position through strategic initiatives.

2. 40%: Continued competitive pressure leads to stagnation.

3. 25%: AI adaptation fails, resulting in loss of market share.




Trading Oracle: Sign Up to access trading oracle trade ideas.



October 20, 2024


Upwork Forecast

UPWK        Upwork











Correlated Assets

Assets that tend to move strongly with UPWK



RHI Forecast + Options Trading Strategies   RHI  Robert Half International (0.88)


ALGT Forecast + Options Trading Strategies   ALGT  Allegiant Travel (0.86)


FRSH Forecast + Options Trading Strategies   FRSH  Freshworks (0.85)


CBRL Forecast + Options Trading Strategies   CBRL  Cracker Barrel Old Country Store (0.84)


FSLY Forecast + Options Trading Strategies   FSLY  Fastly (0.84)



Uncorrelated Assets

Assets with little price relationship to UPWK



BLDR Forecast + Options Trading Strategies   BLDR  Builders Firstsource (-0.01)


CCK Forecast + Options Trading Strategies   CCK  Crown Holdings (-0.01)


CG Forecast + Options Trading Strategies   CG  Carlyle (-0.01)


CWEB Forecast + Options Trading Strategies   CWEB  Direxion Daily CSI China Internet Index Bu (-0.01)


LOVE Forecast + Options Trading Strategies   LOVE  Lovesac (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against UPWK



ACGL Forecast + Options Trading Strategies   ACGL  Arch (-0.82)


PG Forecast + Options Trading Strategies   PG  Procter & Gamble (-0.82)


AZN Forecast + Options Trading Strategies   AZN  Astrazeneca (-0.84)


CRTO Forecast + Options Trading Strategies   CRTO  Criteo (-0.84)


CL Forecast + Options Trading Strategies   CL  Colgate-Palmolive (-0.86)









Become a more profitable investor with AI optimized trading strategies






×

Chat with UPWK


 Ask any question about UPWK!