Over the next 3 years I wouldn’t be suprised if Upwork’s stock rose to over $200 a share. The company has strong a turnkey platform that will grow exponentially with the upcoming national advertising campaign it plans to launch with part of the $90M+ from the IPO. This ad campaign will drive significant growth in both businesses and freelancers on Upwork, which in turn will cause a significant increase in revenue.
While there may be a temporary downturn of the Upwork stock, I believe that it is the smartest tech stock to invest in right now. Facebook has seen its day and Amazon could quickly fall (like we saw today) for a number of reasons.
Moreover, Upwork is a monopoly. There are no other freelancer networks that come close to it and with the volume of capital Upwork raised during its IPO will widen the competition gap. As tech companies plummet, Upwork is on its way up!
