Upwork's (NASDAQ:UPWK) stock price has fallen roughly 64% from its 52-week high, mostly due to multiple adjustments from the recent market turmoil. Despite the big drop in share price, I believe that Upwork has a strong track record with a large addressable market and network effects. At $6.60, it is undervalued by roughly 113% based on my base-case assumptions.
(Source: Google)
Upwork is tacking a large total addressable market while posting growth
Upwork brings together freelancers and businesses to work on projects through its platform. The company has achieved decent revenue growth in