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Bullish Case: Upwork's anticipated strong quarterly earnings, analysts' revenue projections, and increased institutional investments suggest potential growth. The gig economy's rise reinforces Upwork's market position.


Bearish Case: Low trading volume implies weak investor interest. Historical underperformance and mean-reverting price action could limit near-term upside. Generative AI may disrupt freelancing demands on the platform.


Potential Outcomes: 60% chance: Positive earnings lift stock short-term. 25% chance: AI disruption tempers gains. 15% chance: Unexpected negative result; stock drops sharply.


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March 28, 2024


Upwork Forecast

UPWK        Upwork
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






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NYT Forecast + Options Trading Strategies   [NYT]  New York Times Co. (0.88)


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BBIO Forecast + Options Trading Strategies   [BBIO]  BridgeBio Pharma (0.81)


MQ Forecast + Options Trading Strategies   [MQ]  Marqeta (0.8)



Uncorrelated Stock Forecasts

Assets with little price relationship to UPWK



BBY Forecast + Options Trading Strategies   [BBY]  Best Buy (0.0)


INVH Forecast + Options Trading Strategies   [INVH]  Invitation Homes (-0.0)


GILD Forecast + Options Trading Strategies   [GILD]  Gilead Sciences (0.01)


ZUO Forecast + Options Trading Strategies   [ZUO]  Zuora (0.01)


HOG Forecast + Options Trading Strategies   [HOG]  Harley-Davidson (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against UPWK



HROW Forecast + Options Trading Strategies   [HROW]  Harrow Health (-0.7)


CTVA Forecast + Options Trading Strategies   [CTVA]  Corteva (-0.7)


AU Forecast + Options Trading Strategies   [AU]  AngloGold Ashanti Ltd (-0.72)


STAA Forecast + Options Trading Strategies   [STAA]  Staar Surgical (-0.73)


SE Forecast + Options Trading Strategies   [SE]  Sea (-0.78)





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