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Upwork (UPWK-Q) is gaining notable attention from analysts, particularly due to its impressive annual sales growth of 168% over three years. The platform serves as a marketplace for freelancers, capitalizing on the evolving gig economy. Analysts appreciate the company's increasing cash reserves and its stock buyback strategy, which indicate a strong financial position. With a price-to-earnings ratio below 2x and a compelling return on equity (ROE) of 45%, Upwork is positioned for potential growth. Experts recommend a stop-loss at $11 with an optimistic price target of $19, reflecting a potential upside of around 33%, despite the lack of dividends at this time.
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-Q on the NASDAQ (UPWK). It is usually referred to as NASDAQ:UPWK or UPWK-Q
In the last year, there was no coverage of Upwork published on Stockchase.
Upwork was recommended as a Top Pick by on . 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 help on deciding if you should buy, sell or hold the stock.
0 stock analysts on Stockchase covered Upwork In the last year. It is a trending stock that is worth watching.
On 2025-05-07, Upwork (UPWK-Q) stock closed at a price of $16.27.
UPWK is an online platform for freelancers which has seen a three annual sales increase of 168%. We like that cash reserves are growing, while shares are bought back. It trades at under 2x earnings and supports a 45% ROE. We recommend setting a stop-loss at $11, looking to achieve $19 — upside potential of 33%. Yield 0%
(Analysts’ price target is $19.60)