Upwork Is About To Fly

|
About: Upwork Inc. (UPWK)
by: LEL Investment LLC
This article is exclusive for subscribers.
LEL Investment LLC
Long/short equity
Summary

Freelancing is a huge and segmented market. Compared to the traditional agency model, Upwork’s marketplace model provides an on-demand staffing solution and achieves cost savings for employers.

Upwork differentiates itself by providing a freelancer-focused and employer-friendly platform as compared with existing platforms. In addition, it has secured a large freelancer base. We think it is well-positioned.

At a glance, Upwork’s valuation seems to be rich compared to its competitors. However, the 2.4B market cap still does not reflect Upwork’s full potential.

Editor's note: Seeking Alpha is proud to welcome LEL Investment LLC as a new contributor. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get