Upwork (UPWK-Q)
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Financials
Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 1 opinions in the last 12 months.
Upwork (UPWK-Q) has positioned itself as a prominent online platform for freelancers, demonstrating remarkable momentum with a three-year annual sales growth rate of 168%. Encouragingly, the company shows a strong liquidity profile as cash reserves are increasing and share buybacks are actively being pursued. Financially, the stock trades at a favorable multiple of under 2x earnings, which is indicative of its potential value in the marketplace. Additionally, Upwork boasts an impressive return on equity of 45%, signaling efficient management of shareholder funds. Analysts see promising upside potential, recommending a target price of $19.60, with a suggested stop-loss set at $11 for risk management.
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 (UPWK-Q) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Upwork (UPWK-Q) Frequently Asked Questions
What is Upwork stock symbol?
Upwork is a OTC stock, trading under the symbol UPWK-Q on the (). It is usually referred to as or UPWK-Q
Is Upwork a buy or a sell?
In the last year, there was no coverage of Upwork published on Stockchase.
Is Upwork a good investment or a top pick?
Upwork was recommended as a Top Pick by on . Read the latest stock experts ratings for Upwork .
Why is Upwork stock dropping?
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.
Is Upwork worth watching?
0 stock analysts on Stockchase covered Upwork In the last year. It is a trending stock that is worth watching.
What is Upwork stock price?
On , Upwork (UPWK-Q) stock closed at a price of $.
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)