5 Nasdaq Sleeper Stocks to Buy Before Wall Street Wakes Up

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In this article, we will be taking a look at 5 Nasdaq sleeper stocks to buy before Wall Street wakes up. To read our detailed analysis of these stocks, you can go directly to see the 10 Nasdaq Sleeper Stocks to Buy Before Wall Street Wakes Up.

5. Upwork Inc. (NASDAQ:UPWK)

Number of Hedge Fund Holders: 25

Upwork Inc. (NASDAQ:UPWK) is an industrial company that operates a work marketplace connecting businesses with independent professionals and agencies. The company operates in the US, India, the Phillippines, and internationally.

On October 27, Needham analyst Bernie McTernan reiterated a Buy rating on Upwork Inc. (NASDAQ:UPWK) shares. The analyst also placed a $19 price target on the stock.

The company’s gross service volume rose by 19% year-over-year in the second quarter. Upwork Inc.’s (NASDAQ:UPWK) marketplace revenue was $144.3 million, also growing at 26% year-over-year. The company’s client base has been growing over the past quarters and has contributed to the revenue growth by increasing client spending.

There were 25 hedge funds long Upwork Inc. (NASDAQ:UPWK) in the second quarter. Their total stake value was $401.7 million.

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