Based in Baltimore, Yisroel Friedman is an agent with Allstate insurance who has a passion for investing and seeks out value in growth markets such as technology. Also guiding Freddyfish Consulting in Baltimore, Yisroel Friedman offers actionable recommendations on stocks he believes are worth acquiring.
A recent Motley Fool article brought attention to rising companies in tech worth considering taking positions in. Among these is Upwork, Inc., which went public in October and provides an online marketplace that allows freelancers and businesses to connect. Since 2016, the gross services volume (GSV), which represents the total amount spent by clients on the platform, has increased steadily, with a 20 percent year-on-year rise recorded in 2017 and a 30 percent rise in 2018.
With speculation surrounding the company’s early November earnings’ report, the company missed the analyst estimate by only one cent, while surpassing the $62.44 million consensus estimate for the third quarter with revenues of $64.1 million. This indicates sustained demand for its platform, with FY2018 revenue estimated to reach the $250.5-252.0 million range, above the $248.2 million analyst consensus.
