Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at VMware, Celanese, Upwork, and Farfetch. Monness, Crespi, Hardt downgraded VMware (NYSE:VMW) to Neutral from Buy ahead of the company’s Q2/24 earnings on Thursday. The firm highlighted VMware's stock performance during the 2022 tech decline and its continued growth this year, citing "a modest valuation for a software stock, a unique value proposition in the cloud, an attractive margin profile," and support from the pending deal with Broadcom (NASDAQ:AVGO).
Good things could be on the horizon when a stock experiences a golden cross event. How should investors react?
This is what makes marketplaces such as Upwork (NASDAQ: UPWK) so compelling. Upwork operates a platform that helps match companies with freelancers. In this article, I am going to explore the future of freelancing, how Upwork is leveraging artificial intelligence (AI), and how these two catalysts can spark a new frontier for the company.