UPWK

Upwork Inc

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Advanced Chart

12.070

-0.58(-4.585%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

12.730

Open

12.730

VWAP

Vol

3.81M

Mkt Cap

1.59B

Low

11.970

Amount

EV/EBITDA(TTM)

13.05

Total Shares

132.58M

1.40B

EV/OCF(TTM)

7.58

P/S(TTM)

2.34

Upwork Inc. operates a working marketplace, which connects businesses with independent talent. The Company's independent talent refers to the talent that includes independent professionals and agencies of varying sizes. The Company’s marketplace offerings are designed for clients looking to identify hiring. Its marketplace offerings provide clients with access to independent talent with verified work history on its work marketplace, as well as client feedback. They also receive perks, such as a verified client badge and highlighted job posts. Upwork Payroll is available to clients when they choose to work with talent that they engage through Upwork as employees. With Upwork Payroll, clients have access to third-party staffing providers to employ talent and meet their talent needs through its work marketplace. It offers two lines of service: managed services and enterprise solutions. Its managed services offer a service-led program management and full project lifecycle solution.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

187.35M

-2.16%

0.275

-8.32%

187.52M

-3.23%

0.269

-7.35%

187.56M

-2.88%

0.275

+5.88%

Estimates Revision

The market is revising Upward the revenue expectations for Upwork Inc. (UPWK) for FY2025, with the revenue forecasts being adjusted by 0.54% over the past three months. During the same period, the stock price has changed by -8.21%.

Revenue Estimates for FY2025

Revise Upward

+0.54%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+5.75%

In Past 3 Month

Stock Price

Go Down

-8.21%

In Past 3 Month

8 Analyst Rating

59.49% Upside

Wall Street analysts forecast UPWK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UPWK is 19.25 USD with a low forecast of 15.00 USD and a high forecast of 25.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

5 Buy

3 Hold

0 Sell

Moderate Buy

59.49% Upside

Current: 12.070

Low

15.00

Averages

19.25

High

25.00

59.49% Upside

Current: 12.070

Low

15.00

Averages

19.25

High

25.00

Citizens JMP

Outperform

maintain

$18 -> $20

2025-05-16

Reason

Citizens JMP

Price Target

$18 -> $20

2025-05-16

maintain

Outperform

Reason

Citizens JMP raised the firm's price target on Upwork to $20 from $18 and keeps an Outperform rating on the shares. solid year for the company and the stock. Upwork is testing a variable freelancer fee structure, which Citizens JMP believes can drive take rate expansion beyond current expectations, and ultimately help the business achieve its long-term 35% EBITDA margin target, the analyst tells investors in a research note. The firm's scenario analysis suggests it could drive 2026 EBITDA 19%-43% higher than current consensus projections.

Jefferies

Brent Thill

Strong Buy

Maintains

$21 → $20

2025-04-07

Reason

Jefferies

Brent Thill

Price Target

$21 → $20

2025-04-07

Maintains

Strong Buy

Reason

Jefferies lowered the firm's price target on Upwork to $20 from $21 and keeps a Buy rating on the shares. Amid "rising tariff uncertainty," the firm "preemptively" cut forecasts across its 29 covered software companies. Jefferies' analysis suggests 15% average stock downside across the group, with most multiple compression at Palantir (PLTR) and the least at Meta Platforms (META). "Until macro conditions clarify, a selective buying approach is needed," as a broader improvement may wait until the second half of the year, the analyst tells investors in a research note.

BTIG

Marvin Fong

Strong Buy

Hold

Downgrades

n/a

2025-04-04

Reason

BTIG

Marvin Fong

Price Target

n/a

2025-04-04

Downgrades

Strong Buy

Hold

Reason

BTIG downgraded Upwork to Neutral from Buy.

Scotiabank

Nat Schindler

Hold

Initiates

$15

2025-03-12

Reason

Scotiabank

Nat Schindler

Price Target

$15

2025-03-12

Initiates

Hold

Reason

Scotiabank analyst Nat Schindler initiated coverage of Upwork (UPWK) with a Sector Perform rating and $15 price target. Upwork remains "the clear structural winner in staffing," outperforming traditional firms such as Robert Half (RHI) and benefiting from the shift toward AI-driven, flexible work models. However, macro uncertainty and hiring headwinds limit the firm's "willingness to be buyers at current levels," the analyst tells investors.

Citizens Capital Markets

Andrew Boone

Buy

Reiterates

$18

2025-03-10

Reason

Citizens Capital Markets

Andrew Boone

Price Target

$18

2025-03-10

Reiterates

Buy

Reason

Needham

Bernie McTernan

Strong Buy

Maintains

$17 → $19

2025-02-13

Reason

Needham

Bernie McTernan

Price Target

$17 → $19

2025-02-13

Maintains

Strong Buy

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Upwork Inc (UPWK.O) is 10.62, compared to its 5-year average forward P/E of 102.58. For a more detailed relative valuation and DCF analysis to assess Upwork Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

102.58

Current PE

10.62

Overvalued PE

548.02

Undervalued PE

-342.87

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

78.83

Current EV/EBITDA

7.38

Overvalued EV/EBITDA

353.05

Undervalued EV/EBITDA

-195.39

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

4.74

Current PS

2.22

Overvalued PS

8.35

Undervalued PS

1.14