What happened Shares of Upwork Inc. (NASDAQ: UPWK), a platform for freelancers, jumped today on no company-specific news. However, the stock may be rising following Upwork's strong November share-price gains. The tech stock spiked by as much as 11.5% today and ended the trading day up 8.5%. So what Upwork's shares skyrocketed in November after the company released third-quarter figures. Sales increased 24% year over year to $96.7 million, outpacing analysts' consensus estimate of $90.4 million. The company's non-GAAP earnings of $0.04 also beat Wall Street's estimate of a loss of about $0.06 per share. Image source: Getty Images. Following the company's strong third-quarter report, several analysts upgraded Upwork's stock and increased their price targets, prompting investors to continue pushing the stock higher. Investors have been generally optimistic about stay-at-home stocks, as lockdowns and social distancing have kept many employees working from home. Upwork's platform allows companies to easily find freelancers, and investors may be banking on the idea that employers may look to gig workers to fill future employment needs. With today's share price bump, Upwork's stock is up 234% year to date. Now what Investors likely have a reason to be optimistic about Upwork. Management estimates that fourth-quarter revenue will increase to $97 million and full-year sales will be $364 million, both at the midpoint of guidance. If the company reaches these estimates, they'll represent 20% and 21% growth, respectively. 10 stocks we like better than UpworkWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Upwork wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Chris Neiger has no position in any of the stocks mentioned. The Motley Fool recommends Upwork. The Motley Fool has a disclosure policy.Source