Upwork (UPWK) stock dropped 19% after a weak Q1 outlook overshadowed strong Q4 earnings. The stock is now down over 30% from its year-to-date high and below its 200-day moving average. However, Upwork’s focus on artificial intelligence (AI) could drive future growth, with AI-related work generating over $300 million in Q4. Despite a 6% decline in active clients, the firm’s gross services value per active client increased 7%. Upwork shares are currently trading at a discount, with a forward P/E multiple of 13x. Wall Street analysts rate UPWK a “Moderate Buy” with a target price of $24, implying a 60% upside potential.

Read more at Barchart: As Upwork Plunges Below Key Support Levels, Should You Buy the UPWK Stock Dip?