One of the things to consider from Covid-19 is the long-lasting impressions this will make on businesses and how individuals seek to protect themselves. I believe side-hustles or side-income will become a larger and larger focus. People will look to put skills to work. If they don't have them, they will seek to acquire them. That's why a name like 2U (TWOU) has become more popular as of late.
I do think it will lead to continued business for the online talent marketplace Upwork (UPWK) . People know what they know, but the smartest folks realize that they don't know everything. Time should be spent productively which means doing what you are best trained for. I'd add doing what you enjoy. Upwork will provide people that flexibility. The company has new products on the way along with profiles, membership plans, and marketplaces. I don't look for it to become anything like Slack (WORK) or Shopify (SHOP) , but it should be able to create its own niche.
The U.S. is still the main source of business, so as cases continue to mount it could create opportunity for Upwork, especially as the country emerges from the pandemic.
On a daily view, shares are a bit extended, so a small pullback would do them some good, but I would be a buyer into any successful test of the $14 area. The weekly chart has created a cup and handle setup pattern. And while we are overbought, overbought can stay overbought. I don't get as concerned on the weekly for a trade than I do on the daily chart. All the current indicators from trend to momentum to price action sit in a bullish position as the stock breaks above resistance.
The upside target here is $17.50 with a stop on a weekly close below $11.75. More conservative traders may bump that stop to the $12.50 area. This may require another week or two to setup the handle portion of the pattern, and UPWK will be influenced by the overall market moves, but it's a name I believe could trade into the $20s before the end of the year.