Upwork (UPWK) Stock Forecast, Price Target & Predictions


OverviewRevenueOwnershipFinancialsChartTranscripts

UPWK Stock Forecast


Upwork stock forecast is as follows: an average price target of $28.75 (represents a 175.12% upside from UPWK’s last price of $10.45) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.

UPWK Price Target


The average price target for Upwork (UPWK) is $28.75 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $74.00 to $11.00. This represents a potential 175.12% upside from UPWK's last price of $10.45.

UPWK Analyst Ratings


Buy

According to 10 Wall Street analysts, Upwork's rating consensus is 'Buy'. The analyst rating breakdown for UPWK stock is 0 'Strong Buy' (0.00%), 9 'Buy' (90.00%), 1 'Hold' (10.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Upwork Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 13, 2024Marvin FongBTIG$14.00$10.2436.72%33.97%
Aug 08, 2024Bernie McTernanNeedham$14.00$9.2251.84%33.97%
Aug 08, 2024Matt FarrellPiper Sandler$13.00$10.4624.28%24.40%
Aug 08, 2024Nrad EricksonRBC Capital$11.00$10.465.16%5.26%
Jul 02, 2024Joshua ChanUBS$12.00$10.6812.36%14.83%
May 02, 2024Nrad EricksonRBC Capital$15.00$11.9625.42%43.54%
May 02, 2024Marvin FongBTIG$16.00$11.9633.78%53.11%
Oct 27, 2022Bernie McTernanNeedham$19.00$12.6450.32%81.82%
Oct 26, 2022Matt FarrellPiper Sandler$20.00$12.6458.23%91.39%
Jul 14, 2022Marvin FongBTIG$30.00$20.2048.51%187.08%
Row per page
Go to

The latest Upwork stock forecast, released on Sep 13, 2024 by Marvin Fong from BTIG, set a price target of $14.00, which represents a 36.72% increase from the stock price at the time of the forecast ($10.24), and a 33.97% increase from UPWK last price ($10.45).

Upwork Price Target by Period


1M3M12M
# Anlaysts157
Avg Price Target$14.00$12.80$13.57
Last Closing Price$10.45$10.45$10.45
Upside/Downside33.97%22.49%29.86%

In the current month, the average price target of Upwork stock is $14.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 33.97% increase as opposed to Upwork's last price of $10.45. This month's average price target is up 9.38% compared to last quarter, and up 3.17% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 13, 2024BTIGBuyBuyHold
Aug 08, 2024UBSBuyBuyHold
Aug 08, 2024NeedhamBuyBuyHold
Aug 08, 2024Piper SandlerOverweightOverweightHold
Aug 08, 2024RBC CapitalSector PerformSector PerformHold
Jul 02, 2024UBSSector PerformSector PerformHold
Jul 02, 2024UBSMarket OutperformNeutralInitialise
May 24, 2024Piper SandlerOverweightOverweightHold
May 02, 2024UBSMarket OutperformMarket OutperformHold
May 02, 2024RBC CapitalSector PerformSector PerformHold
Row per page
Go to

Upwork's last stock rating was published by BTIG on Sep 13, 2024. The company gave UPWK a "Buy" rating, the same as its previous rate.

Upwork Financial Forecast


Upwork Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$175.73M$168.61M$160.86M$161.44M$158.64M-$141.34M$136.86M$128.14M$124.18M$113.62M$106.15M$96.75M$87.53M$83.20M$78.60M$78.79M
Avg Forecast$218.07M$220.92M$212.89M$200.11M$194.75M$193.04M$194.05M$189.39M$174.04M$182.02M$193.14M$185.90M$178.15M$168.24M$162.53M$159.05M$159.30M$157.58M$147.74M$135.76M$131.80M$126.60M$120.23M$108.65M$97.34M$90.44M$80.31M$81.14M$79.41M$77.81M
High Forecast$219.50M$222.36M$214.28M$201.42M$196.02M$194.30M$195.31M$190.63M$175.17M$182.36M$194.40M$187.12M$179.72M$170.23M$163.59M$160.09M$160.34M$158.61M$147.74M$137.81M$133.79M$128.51M$122.05M$110.29M$98.81M$91.80M$81.52M$82.37M$80.61M$78.98M
Low Forecast$216.86M$219.69M$211.71M$199.00M$193.67M$191.97M$192.97M$188.34M$173.07M$181.80M$192.07M$184.87M$177.03M$164.14M$161.63M$158.16M$158.41M$156.71M$147.74M$134.24M$130.32M$125.17M$118.88M$107.43M$96.25M$89.42M$79.41M$80.23M$78.52M$76.94M
# Analysts333344443631310998844555101098765
Surprise %-------------1.04%1.04%1.01%1.01%1.01%-1.04%1.04%1.01%1.03%1.05%1.09%1.07%1.09%1.03%0.99%1.01%

Upwork's average Quarter revenue forecast for Dec 23 based on 3 analysts is $178.15M, with a low forecast of $177.03M, and a high forecast of $179.72M. UPWK's average Quarter revenue forecast represents a 1.38% increase compared to the company's last Quarter revenue of $175.73M (Sep 23).

Upwork EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts333344443631310998844555101098765
EBITDA-------------$11.47M$-6.12M$21.89M$-12.11M$-20.91M-$-20.82M$-18.46M$-5.16M$-12.99M$-3.51M$4.82M$1.06M$-8.26M$-7.47M$-4.66M$-839.00K
Avg Forecast$-10.15M$-10.28M$-9.91M$-9.31M$-9.06M$-8.98M$-9.03M$-8.81M$-8.10M$-8.47M$-8.99M$-34.42M$-8.29M$-7.83M$-7.56M$-31.29M$-7.41M$-7.38M$-6.87M$-33.47M$-17.38M$-6.71M$-10.63M$-1.93M$9.54M$1.67M$-8.26M$-4.11M$-5.43M$-1.05M
High Forecast$-10.09M$-10.22M$-9.85M$-9.26M$-9.01M$-8.93M$-8.98M$-8.76M$-8.05M$-8.46M$-8.94M$-27.54M$-8.24M$-7.64M$-7.52M$-25.03M$-7.37M$-5.91M$-6.87M$-26.77M$-13.90M$-5.37M$-8.51M$-1.55M$11.45M$2.01M$-6.61M$-3.29M$-4.34M$-839.00K
Low Forecast$-10.21M$-10.35M$-9.97M$-9.37M$-9.12M$-9.04M$-9.09M$-8.87M$-8.15M$-8.49M$-9.05M$-41.31M$-8.36M$-7.92M$-7.61M$-37.55M$-7.46M$-8.86M$-6.87M$-40.16M$-20.85M$-8.05M$-12.76M$-2.32M$7.63M$1.34M$-9.91M$-4.93M$-6.52M$-1.26M
Surprise %--------------1.46%0.81%-0.70%1.63%2.83%-0.62%1.06%0.77%1.22%1.82%0.51%0.63%1.00%1.82%0.86%0.80%

3 analysts predict UPWK's average Quarter EBITDA for Dec 23 to be $-8.29M, with a high of $-8.24M and a low of $-8.36M. This is -172.29% lower than Upwork's previous annual EBITDA (Sep 23) of $11.47M.

Upwork Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts333344443631310998844555101098765
Net Income-------------$16.34M$-3.99M$17.17M$-16.50M$-24.83M-$-24.74M$-22.56M$-9.31M$-16.54M$-7.83M$925.00K$-2.75M$-11.02M$-10.02M$-7.08M$-2.83M
Avg Forecast$47.01M$44.25M$41.48M$37.33M$36.62M$37.17M$37.13M$32.90M$29.61M$33.18M$31.93M$-40.89M$24.12M$14.33M$-129.00K$-37.17M$-3.84M$-13.31M$-11.67M$-39.76M$-21.23M$-12.10M$-13.53M$-4.31M$1.83M$-4.33M$-11.02M$-5.51M$-8.26M$-3.53M
High Forecast$47.41M$44.62M$41.83M$37.65M$36.93M$37.49M$37.45M$33.18M$29.86M$33.46M$32.20M$-32.71M$25.54M$17.20M$-128.07K$-29.74M$-3.81M$-10.65M$-11.67M$-31.81M$-16.98M$-9.68M$-10.82M$-3.45M$2.20M$-3.46M$-8.82M$-4.41M$-6.61M$-2.83M
Low Forecast$46.67M$43.93M$41.18M$37.06M$36.36M$36.90M$36.86M$32.67M$29.39M$32.94M$31.70M$-49.07M$22.71M$12.90M$-130.10K$-44.61M$-3.87M$-15.98M$-11.67M$-47.71M$-25.48M$-14.53M$-16.24M$-5.17M$1.47M$-5.19M$-13.23M$-6.61M$-9.91M$-4.24M
Surprise %-------------1.14%30.94%-0.46%4.30%1.86%-0.62%1.06%0.77%1.22%1.82%0.51%0.63%1.00%1.82%0.86%0.80%

Upwork's average Quarter net income forecast for Dec 23 is $24.12M, with a range of $22.71M to $25.54M. UPWK's average Quarter net income forecast represents a 47.67% increase compared to the company's last Quarter net income of $16.34M (Sep 23).

Upwork SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts333344443631310998844555101098765
SG&A-------------$75.96M$88.05M$94.29M$92.87M$94.58M-$86.78M$85.79M$69.28M$78.17M$63.13M$53.08M$51.62M$51.54M$48.50M$46.59M$41.84M
Avg Forecast$121.72M$123.30M$118.82M$111.69M$108.70M$107.74M$108.30M$105.71M$97.14M$101.59M$107.80M$143.45M$99.43M$93.90M$90.71M$130.41M$88.91M$99.06M$82.46M$75.78M$80.75M$90.06M$63.96M$34.72M$54.33M$81.31M$51.54M$26.68M$54.35M$52.30M
High Forecast$122.51M$124.11M$119.60M$112.42M$109.41M$108.45M$109.01M$106.40M$97.77M$101.78M$108.50M$172.14M$100.31M$95.01M$91.31M$156.49M$89.49M$118.88M$82.46M$76.92M$96.90M$108.07M$76.75M$41.67M$55.15M$97.57M$61.85M$32.01M$65.23M$62.76M
Low Forecast$121.04M$122.62M$118.16M$111.07M$108.09M$107.15M$107.70M$105.12M$96.60M$101.47M$107.20M$114.76M$98.81M$91.61M$90.21M$104.33M$88.42M$79.25M$82.46M$74.92M$64.60M$72.05M$51.17M$27.78M$53.72M$65.05M$41.23M$21.34M$43.48M$41.84M
Surprise %-------------0.81%0.97%0.72%1.04%0.95%-1.15%1.06%0.77%1.22%1.82%0.98%0.63%1.00%1.82%0.86%0.80%

Upwork's average Quarter SG&A projection for Dec 23 is $99.43M, based on 3 Wall Street analysts, with a range of $98.81M to $100.31M. The forecast indicates a 30.90% rise compared to UPWK last annual SG&A of $75.96M (Sep 23).

Upwork EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts333344443631310998844555101098765
EPS-------------$0.12$-0.03$0.13$-0.13$-0.19-$-0.19$-0.18$-0.07$-0.13$-0.06$0.01$-0.02$-0.09$-0.09$-0.05$-0.03
Avg Forecast$0.34$0.32$0.30$0.27$0.26$0.27$0.27$0.24$0.21$0.24$0.23$0.18$0.17$0.10$-0.00$-0.06$-0.03$-0.07$-0.08$-0.14$-0.07$-0.02$-0.04$-0.00$-0.01$-0.06$-0.07$-0.02$-0.02$-0.02
High Forecast$0.34$0.32$0.30$0.27$0.27$0.27$0.27$0.24$0.22$0.24$0.23$0.19$0.18$0.12$-0.00$-0.06$-0.03$-0.07$-0.08$-0.14$-0.07$-0.02$-0.04$-0.00$-0.01$-0.06$-0.07$-0.02$-0.02$-0.02
Low Forecast$0.34$0.32$0.30$0.27$0.26$0.27$0.27$0.24$0.21$0.24$0.23$0.18$0.16$0.09$-0.00$-0.06$-0.03$-0.07$-0.08$-0.14$-0.08$-0.02$-0.04$-0.00$-0.01$-0.06$-0.07$-0.02$-0.02$-0.02
Surprise %-------------1.16%31.94%-2.23%4.68%2.62%-1.37%2.40%4.27%3.39%24.53%-1.24%0.36%1.25%5.76%3.13%1.45%

According to 3 Wall Street analysts, Upwork's projected average Quarter EPS for Dec 23 is $0.17, with a low estimate of $0.16 and a high estimate of $0.18. This represents a 45.40% increase compared to UPWK previous annual EPS of $0.12 (Sep 23).

Upwork Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
UPWKUpwork$10.45$28.75175.12%Buy
TBITrueBlue$7.90$12.5058.23%Buy
TNETTriNet Group$97.29$140.0043.90%Buy
NSPInsperity$89.04$114.5028.59%Strong Sell
MANManpowerGroup$73.10$93.4327.81%Buy
KFRCKforce$62.44$71.0013.71%Hold
KELYAKelly Services$21.35$24.0012.41%-
RHIRobert Half$63.86$68.677.53%Hold
KFYKorn Ferry$73.06$75.753.68%Buy
HSIIHeidrick & Struggles$38.07$38.501.13%Hold
PAYXPaychex$134.93$128.63-4.67%Hold

UPWK Forecast FAQ


Yes, according to 10 Wall Street analysts, Upwork (UPWK) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 9 'Buy' recommendations, accounting for 90.00% of UPWK's total ratings.

Upwork (UPWK) average price target is $28.75 with a range of $11 to $74, implying a 175.12% from its last price of $10.45. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for UPWK stock, the company can go up by 175.12% (from the last price of $10.45 to the average price target of $28.75), up by 608.13% based on the highest stock price target, and up by 5.26% based on the lowest stock price target.

UPWK's average twelve months analyst stock price target of $28.75 supports the claim that Upwork can reach $20 in the near future.

1 Wall Street analyst forecast a $14 price target for Upwork (UPWK) this month, up 33.97% from its last price of $10.45. Compared to the last 3 and 12 months, the average price target increased by 22.49% and increased by 29.86%, respectively.

Upwork's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $771.23M (high $776.27M, low $766.95M), average EBITDA is $-35.885M (high $-35.686M, low $-36.119M), average net income is $143.83M (high $145.05M, low $142.79M), average SG&A $430.45M (high $433.27M, low $428.07M), and average EPS is $1.04 (high $1.05, low $1.03). UPWK's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $851.99M (high $857.56M, low $847.26M), average EBITDA is $-39.643M (high $-39.423M, low $-39.902M), average net income is $170.07M (high $171.51M, low $168.84M), average SG&A $475.53M (high $478.64M, low $472.89M), and average EPS is $1.23 (high $1.24, low $1.22).

Based on Upwork's last annual report (Dec 2022), the company's revenue was $618.32M, beating the average analysts forecast of $600.38M by 2.99%. Apple's EBITDA was $-73.73M, beating the average prediction of $-55.135M by 33.73%. The company's net income was $-89.885M, beating the average estimation of $-68.582M by 31.06%. Apple's SG&A was $370.83M, beating the average forecast of $346.21M by 7.11%. Lastly, the company's EPS was $-0.69, beating the average prediction of $-0.32 by 115.57%. In terms of the last quarterly report (Sep 2023), Upwork's revenue was $175.73M, beating the average analysts' forecast of $168.24M by 4.46%. The company's EBITDA was $11.47M, missing the average prediction of $-7.828M by -246.48%. Upwork's net income was $16.34M, beating the average estimation of $14.33M by 14.00%. The company's SG&A was $75.96M, missing the average forecast of $93.9M by -19.10%. Lastly, the company's EPS was $0.12, beating the average prediction of $0.104 by 15.77%