11 Cheap Rising Stocks to Invest in Now

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9. Upwork Inc. (NASDAQ:UPWK)

1-Month Performance: 35.70%

P/E Ratio: 11.53

Number of Hedge Fund Holders: 32

Upwork Inc. (NASDAQ:UPWK) ranks among the best cheap rising stocks to invest in now. With a $20 price target, JMP Securities reaffirmed its Market Outperform rating on Upwork Inc. (NASDAQ:UPWK) on September 12. The firm maintained its optimistic assessment of the freelance platform based on a number of continuous drivers of revenue growth and Gross Services Value (GSV) that are unaffected by macroeconomic factors.

JMP Securities lists several growth factors for the company, including Upwork’s updated variable freelancer fee structure, a redesigned enterprise approach, and an increase in AI-related job opportunities on the platform.

The firm also cites continuous momentum in advertising and monetization technologies, as well as increased acceptance of Upwork’s Business Plus tier as catalysts for growth.

Upwork Inc. (NASDAQ:UPWK) is a communication services company that runs a global freelancing platform, connecting businesses with individuals and agencies.

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