Reflecting On Gig Economy Stocks' Q3 Earnings: Upwork (NASDAQ:UPWK) [Yahoo! Finance]
IAC Inc. (IAC)
Last iac inc. earnings: 2/5 04:10 pm
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Source: Yahoo! Finance
The iPhone changed the world, ushering in the era of the “always-on” internet and “on-demand” services - anything someone could want is just a few taps away. Likewise, the gig economy sprang up in a similar fashion, with a proliferation of tech-enabled freelance labor marketplaces, which work hand and hand with many on demand services. Individuals can now work on demand too. What began with tech-enabled platforms that aggregated riders and drivers has expanded over the past decade to include food delivery, groceries, and now even a plumber or graphic designer are all just a few taps away. The 6 gig economy stocks we track reported a satisfactory Q3. As a group, revenues beat analysts' consensus estimates by 3% while next quarter's revenue guidance was 1.6% above. In light of this news, share prices of the companies have held steady as they are up 4.7% on average since the latest earnings results. Formed through the 2013 merger of Elance and oDesk, Upwork (NASDAQ:UPWK) is an onl
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News
- IAC Inc. (NASDAQ: IAC) had its "outperform" rating re-affirmed by analysts at Macquarie. They now have a $14.00 price target on the stock.MarketBeat
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- IAC Inc. (NASDAQ: IAC) had its price target lowered by analysts at Truist Financial Co. from $88.00 to $80.00. They now have a "buy" rating on the stock.MarketBeat
- IAC Inc. (NASDAQ: IAC) had its price target lowered by analysts at TD Cowen from $82.00 to $77.00. They now have a "buy" rating on the stock.MarketBeat
- IAC Inc. (NASDAQ: IAC) had its price target lowered by analysts at Barclays PLC from $70.00 to $66.00. They now have an "overweight" rating on the stock.MarketBeat
IAC
Earnings
- 11/11/24 - Miss
IAC
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 8-K
- 11/12/24 - Form 8-K
- IAC's page on the SEC website