RBC less constructive on Upwork's CEO change [Seeking Alpha]
Qutoutiao Inc. - American Depositary Shares (QTT)
Last qutoutiao inc. - american depositary shares earnings: 3/18 05:30 am
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Source: Seeking Alpha
| On the Move RBC less constructive on Upwork's CEO change Dec. 10, 2019 1:30 PM ET Upwork Inc. (UPWK) Brandy Betz Yesterday, Upwork ( -5.5% announced The board appointed current Chief Marketing & Product Officer Hayden Brown will step into Kasriel's roles, effective January 1. Kasriel will remain on as an advisor and in a board seat until the 2020 annual meeting. RBC analyst Mark Mahaney says, "Management changes like this make us less constructive on Upwork." Mahaney praises UPWK's long-term story and expects the near-term investments to continue to grow. RBC maintains an Outperform rating and $20 price target on Upwork. The company has a Bullish average Sell Side rating UPWK shares are down 5.3% See all stocks on the move » Now read: Qutoutiao slides after short-seller report » Try PREMIUM
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