
NASDAQ:UPWK
This summary was created by AI, based on 1 opinions in the last 12 months.
Upwork (UPWK-Q) has recently experienced a significant downturn, with a noted decline of 12.1%, prompting experts to reconsider their positions. The stock was previously considered a top pick but has now reached a point where it has triggered a stop at $13. In light of this development, the research editor Michael O'Reilly recommends that investors cover their positions to maintain discipline. This strategic move indicates a cautious outlook on Upwork's performance, reflecting concerns about its ability to recover in the near term. Investors may need to reassess their strategies and consider the overall market conditions as they weigh the pros and cons of holding onto this stock.
The outlook for 2024 looks solid, forecasting growth of 13.77% in revenues and EPS growth of 41%. UPWK does have appear to have an extensive focus on AI and integrating it into the company's business processes while also connecting AI professionals to comapnies. Numerous banks have upgraded UPWK's price target. UPWK's most recent quarter was very strong, but it was the company's first time reaching positive EPS, so we would want to see if this can be maintained going forward. The valuation is at 22.0x forward earnings which is expensive but we think another strong quarter will push momentum even higher. For small cap investors we think it is attractive.
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Upwork is a American stock, trading under the symbol UPWK (previously UPWK-Q on Stockchase) on the NASDAQ (UPWK). It is usually referred to as NASDAQ:UPWK or UPWK
In the last year, 1 stock analyst issued a Buy, Sell, or Hold rating on UPWK (previously UPWK-Q on Stockchase). 1 analyst recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is BUY. Read the latest stock experts' ratings for Upwork .
Upwork was recommended as a Top Pick by Jim Cramer - Mad Money on 2020-10-23. Read the latest stock experts ratings for Upwork .
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Upwork .
Upwork is followed by 23 investors on Stockchase and is a trending stock that is worth watching.
On 2026-07-02, Upwork (UPWK) stock closed at a price of $9.15.
Our PAST TOP PICK with UPWK has triggered its stop at $13. To remain disciplined we recommend covering the position at this time.