Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

Experts are bullish on UPWK's outlook for 2024, with forecasts of strong revenue and EPS growth. The company's focus on AI and positive recent quarter results are seen as positive indicators. However, the stock's valuation is considered expensive at 22.0x forward earnings, but potential for momentum growth is anticipated. Overall, UPWK is seen as attractive for small cap investors.

Consensus
Bullish
Valuation
Overvalued
BUY
Upwork
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

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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INDUSTRIAL PRODUCTS
HOLD
Upwork
Sell? It went out of favour two weeks ago, but the CEO is amazing, so hold this for the long term. Don't sell.
INDUSTRIAL PRODUCTS
BUY
Upwork
He greatly admires the CEO. Definitely hold or buy.
INDUSTRIAL PRODUCTS
BUY
Upwork
The stock is up 1000% from last year's lows. Businesses use their platform to hire freelancers (i.e. writers, editors), perfect for the stay at home economy. It released a good report yesterday with good guidance, but sold off today. This is a winner.
INDUSTRIAL PRODUCTS
BUY
Upwork
It does online recruiting in a time when it's difficult to find workers. He has long liked this.
INDUSTRIAL PRODUCTS
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Upwork (UPWK-Q) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Upwork is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Upwork (UPWK-Q) Frequently Asked Questions

What is Upwork stock symbol?

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

Is Upwork a buy or a sell?

In the last year, 1 stock analyst published opinions about UPWK-Q. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Upwork .

Is Upwork a good investment or a top pick?

Upwork was never recommended as a Top Pick on Stockchase. 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?

1 stock analyst on Stockchase covered Upwork In the last year. It is a trending stock that is worth watching.

What is Upwork stock price?

On 2024-04-19, Upwork (UPWK-Q) stock closed at a price of $11.13.