Upwork (UPWK) Stock Forecast, Price Target & Predictions

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UPWK Stock Forecast

Upwork stock forecast is as follows: an average price target of $26.67 (represents a 78.63% upside from UPWK’s last price of $14.93) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.

UPWK Price Target

The average price target for Upwork (UPWK) is $26.67 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $74.00 to $11.00. This represents a potential 78.63% upside from UPWK's last price of $14.93.

UPWK Analyst Ratings

Buy

According to 11 Wall Street analysts, Upwork's rating consensus is 'Buy'. The analyst rating breakdown for UPWK stock is 0 'Strong Buy' (0.00%), 10 'Buy' (90.91%), 1 'Hold' (9.09%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Upwork Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 24, 2024	Maria Ripps	Canaccord Genuity	$15.00	$12.73	17.83%	0.47%
Sep 13, 2024	Marvin Fong	BTIG	$14.00	$10.24	36.72%	-6.23%
Aug 08, 2024	Bernie McTernan	Needham	$14.00	$9.22	51.84%	-6.23%
Aug 08, 2024	Matt Farrell	Piper Sandler	$13.00	$10.46	24.28%	-12.93%
Aug 08, 2024	Nrad Erickson	RBC Capital	$11.00	$10.46	5.16%	-26.32%
Jul 02, 2024	Joshua Chan	UBS	$12.00	$10.68	12.36%	-19.62%
May 02, 2024	Nrad Erickson	RBC Capital	$15.00	$11.96	25.42%	0.47%
May 02, 2024	Marvin Fong	BTIG	$16.00	$11.96	33.78%	7.17%
Oct 27, 2022	Bernie McTernan	Needham	$19.00	$12.64	50.32%	27.26%
Oct 26, 2022	Matt Farrell	Piper Sandler	$20.00	$12.64	58.23%	33.96%

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The latest Upwork stock forecast, released on Oct 24, 2024 by Maria Ripps from Canaccord Genuity, set a price target of $15.00, which represents a 17.83% increase from the stock price at the time of the forecast ($12.73), and a 0.47% increase from UPWK last price ($14.93).

Upwork Price Target by Period

	1M	3M	12M
# Anlaysts	1	2	8
Avg Price Target	$15.00	$14.50	$13.75
Last Closing Price	$14.93	$14.93	$14.93
Upside/Downside	0.47%	-2.88%	-7.90%

In the current month, the average price target of Upwork stock is $15.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 0.47% increase as opposed to Upwork's last price of $14.93. This month's average price target is up 3.45% compared to last quarter, and up 9.09% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 24, 2024	Canaccord Genuity	Buy	Buy	Hold
Sep 13, 2024	BTIG	Buy	Buy	Hold
Aug 08, 2024	UBS	Buy	Buy	Hold
Aug 08, 2024	Needham	Buy	Buy	Hold
Aug 08, 2024	Piper Sandler	Overweight	Overweight	Hold
Aug 08, 2024	RBC Capital	Sector Perform	Sector Perform	Hold
Jul 02, 2024	UBS	Sector Perform	Sector Perform	Hold
Jul 02, 2024	UBS	Market Outperform	Neutral	Initialise
May 24, 2024	Piper Sandler	Overweight	Overweight	Hold
May 02, 2024	UBS	Market Outperform	Market Outperform	Hold

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Upwork's last stock rating was published by Canaccord Genuity on Oct 24, 2024. The company gave UPWK a "Buy" rating, the same as its previous rate.

Upwork Financial Forecast

Upwork Revenue Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	$175.73M	$168.61M	$160.86M	$161.44M	$158.64M	$156.90M	$141.34M	$136.86M	$128.14M	$124.18M	$113.62M	$106.15M	$96.75M	$87.53M	$83.20M	$78.60M	$78.79M
Avg Forecast	$211.37M	$212.41M	$200.54M	$197.07M	$195.52M	$201.01M	$192.52M	$186.15M	$180.75M	$185.55M	$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	$217.26M	$218.33M	$206.13M	$202.57M	$200.96M	$206.62M	$197.89M	$188.51M	$181.86M	$186.07M	$193.18M	$185.92M	$179.72M	$170.23M	$167.06M	$163.48M	$163.74M	$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
Low Forecast	$207.39M	$208.41M	$196.76M	$193.36M	$191.83M	$197.23M	$188.89M	$183.78M	$179.68M	$185.04M	$193.09M	$185.88M	$177.03M	$164.14M	$159.46M	$156.05M	$156.29M	$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
# Analysts	4	4	4	4	3	3	3	5	6	3	1	1	3	10	9	9	8	8	8	8	9	9	9	10	10	10	10	10	9	9
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	1.04%	1.04%	1.01%	1.01%	1.01%	1.06%	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 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	4	4	4	4	3	3	3	5	6	3	1	1	3	10	9	9	8	8	8	8	9	9	9	10	10	10	10	10	9	9
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	$11.47M	$-6.12M	$21.89M	$-12.11M	$-20.91M	$-19.89M	$-20.82M	$-18.46M	$-5.16M	$-12.99M	$-3.51M	$4.82M	$1.06M	$-8.26M	$-7.47M	$-4.66M	$-839.00K
Avg Forecast	$-10.58M	$-10.63M	$-10.04M	$-9.86M	$-9.78M	$-10.06M	$-9.63M	$-9.32M	$-9.05M	$-9.29M	$-9.67M	$-34.42M	$-8.92M	$-8.42M	$-8.13M	$-31.29M	$-19.11M	$-7.33M	$-6.87M	$-33.47M	$-6.13M	$-5.89M	$-5.59M	$-1.93M	$-4.53M	$-4.21M	$-3.74M	$-4.11M	$-3.70M	$-3.62M
High Forecast	$-10.38M	$-10.43M	$-9.85M	$-9.68M	$-9.60M	$-9.87M	$-9.45M	$-9.20M	$-8.99M	$-9.26M	$-9.66M	$-27.54M	$-8.86M	$-8.21M	$-7.98M	$-25.03M	$-15.29M	$-7.33M	$-6.87M	$-26.77M	$-6.13M	$-5.89M	$-5.59M	$-1.55M	$-4.53M	$-4.21M	$-3.74M	$-3.29M	$-3.70M	$-3.62M
Low Forecast	$-10.87M	$-10.93M	$-10.32M	$-10.14M	$-10.06M	$-10.34M	$-9.90M	$-9.43M	$-9.10M	$-9.31M	$-9.67M	$-41.31M	$-8.99M	$-8.52M	$-8.36M	$-37.55M	$-22.94M	$-7.33M	$-6.87M	$-40.16M	$-6.13M	$-5.89M	$-5.59M	$-2.32M	$-4.53M	$-4.21M	$-3.74M	$-4.93M	$-3.70M	$-3.62M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.36%	0.75%	-0.70%	0.63%	2.85%	2.89%	0.62%	3.01%	0.88%	2.32%	1.82%	-1.06%	-0.25%	2.21%	1.82%	1.26%	0.23%

3 analysts predict UPWK's average Quarter EBITDA for Dec 23 to be $-8.92M, with a high of $-8.86M and a low of $-8.99M. This is -177.75% lower than Upwork's previous annual EBITDA (Sep 23) of $11.47M.

Upwork Net Income Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	4	4	4	4	3	3	3	5	6	3	1	1	3	10	9	9	8	8	8	8	9	9	9	10	10	10	10	10	9	9
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	$16.34M	$-3.99M	$17.17M	$-16.50M	$-24.83M	$-23.82M	$-24.74M	$-22.56M	$-9.31M	$-16.54M	$-7.83M	$925.00K	$-2.75M	$-11.02M	$-10.02M	$-7.08M	$-2.83M
Avg Forecast	$42.24M	$40.92M	$38.28M	$36.96M	$41.92M	$42.96M	$39.99M	$34.31M	$33.76M	$34.72M	$30.48M	$-40.89M	$23.03M	$13.68M	$-123.15K	$-37.17M	$-23.35M	$-10.02M	$-11.23M	$-39.76M	$-10.37M	$-2.27M	$-5.31M	$-4.31M	$-834.99K	$-7.74M	$-9.95M	$-5.51M	$-2.21M	$-2.86M
High Forecast	$43.77M	$42.40M	$39.67M	$38.30M	$43.44M	$44.52M	$41.44M	$35.53M	$38.17M	$35.97M	$30.61M	$-32.71M	$24.38M	$16.42M	$-120.13K	$-29.74M	$-18.68M	$-10.02M	$-11.23M	$-31.81M	$-10.37M	$-2.27M	$-5.31M	$-3.45M	$-834.99K	$-7.74M	$-9.95M	$-4.41M	$-2.21M	$-2.86M
Low Forecast	$41.20M	$39.91M	$37.34M	$36.05M	$40.90M	$41.91M	$39.01M	$31.86M	$27.89M	$33.46M	$30.36M	$-49.07M	$21.68M	$12.31M	$-127.61K	$-44.61M	$-28.02M	$-10.02M	$-11.23M	$-47.71M	$-10.37M	$-2.27M	$-5.31M	$-5.17M	$-834.99K	$-7.74M	$-9.95M	$-6.61M	$-2.21M	$-2.86M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	1.19%	32.41%	-0.46%	0.71%	2.48%	2.12%	0.62%	2.18%	4.10%	3.11%	1.82%	-1.11%	0.35%	1.11%	1.82%	3.20%	0.99%

Upwork's average Quarter net income forecast for Dec 23 is $23.03M, with a range of $21.68M to $24.38M. UPWK's average Quarter net income forecast represents a 40.97% increase compared to the company's last Quarter net income of $16.34M (Sep 23).

Upwork SG&A Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	4	4	4	4	3	3	3	5	6	3	1	1	3	10	9	9	8	8	8	8	9	9	9	10	10	10	10	10	9	9
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	$75.96M	$88.05M	$94.29M	$92.87M	$94.58M	$96.61M	$86.78M	$85.79M	$69.28M	$78.17M	$63.13M	$53.08M	$51.62M	$51.54M	$48.50M	$46.59M	$41.84M
Avg Forecast	$117.23M	$117.80M	$111.22M	$109.30M	$108.43M	$111.48M	$106.77M	$103.24M	$100.24M	$102.91M	$107.12M	$143.45M	$98.80M	$93.30M	$90.14M	$130.41M	$88.82M	$87.95M	$82.46M	$75.78M	$73.56M	$70.66M	$67.11M	$34.72M	$54.33M	$50.48M	$44.83M	$26.68M	$44.32M	$43.43M
High Forecast	$120.49M	$121.09M	$114.32M	$112.34M	$111.46M	$114.59M	$109.75M	$104.55M	$100.86M	$103.19M	$107.14M	$172.14M	$99.67M	$94.41M	$92.65M	$156.49M	$106.59M	$87.95M	$82.46M	$75.78M	$73.56M	$70.66M	$67.11M	$41.67M	$54.33M	$50.48M	$44.83M	$32.01M	$44.32M	$43.43M
Low Forecast	$115.02M	$115.58M	$109.12M	$107.24M	$106.39M	$109.38M	$104.76M	$101.93M	$99.65M	$102.62M	$107.09M	$114.76M	$98.18M	$91.03M	$88.44M	$104.33M	$71.06M	$87.95M	$82.46M	$75.78M	$73.56M	$70.66M	$67.11M	$27.78M	$54.33M	$50.48M	$44.83M	$21.34M	$44.32M	$43.43M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.81%	0.98%	0.72%	1.05%	1.08%	1.17%	1.15%	1.17%	0.98%	1.16%	1.82%	0.98%	1.02%	1.15%	1.82%	1.05%	0.96%

Upwork's average Quarter SG&A projection for Dec 23 is $98.80M, based on 3 Wall Street analysts, with a range of $98.18M to $99.67M. The forecast indicates a 30.07% rise compared to UPWK last annual SG&A of $75.96M (Sep 23).

Upwork EPS Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	4	4	4	4	3	3	3	5	6	3	1	1	3	10	9	9	8	8	8	8	9	9	9	10	10	10	10	10	9	9
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	$0.12	$-0.03	$0.13	$-0.13	$-0.19	$-0.18	$-0.19	$-0.18	$-0.07	$-0.13	$-0.06	$0.01	$-0.02	$-0.09	$-0.09	$-0.05	$-0.03
Avg Forecast	$0.32	$0.31	$0.29	$0.28	$0.32	$0.33	$0.30	$0.26	$0.26	$0.26	$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	$0.33	$0.32	$0.30	$0.29	$0.33	$0.34	$0.31	$0.27	$0.29	$0.27	$0.23	$0.18	$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	$0.31	$0.30	$0.28	$0.27	$0.31	$0.32	$0.30	$0.24	$0.21	$0.25	$0.23	$0.18	$0.16	$0.09	$-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
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	1.16%	31.94%	-2.23%	4.68%	2.62%	2.22%	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

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
TBI	TrueBlue	$6.75	$12.50	85.19%	Buy
UPWK	Upwork	$14.93	$26.67	78.63%	Buy
KELYA	Kelly Services	$14.16	$24.00	69.49%	-
NSP	Insperity	$72.51	$115.80	59.70%	Buy
TNET	TriNet Group	$89.04	$140.00	57.23%	Buy
MAN	ManpowerGroup	$60.39	$88.57	46.66%	Buy
KFRC	Kforce	$57.86	$71.00	22.71%	Hold
RHI	Robert Half	$71.32	$71.50	0.25%	Hold
KFY	Korn Ferry	$75.57	$75.75	0.24%	Buy
HSII	Heidrick & Struggles	$44.82	$42.00	-6.29%	Hold
PAYX	Paychex	$140.66	$130.41	-7.29%	Hold

UPWK Forecast FAQ

Is Upwork a good buy?

Yes, according to 11 Wall Street analysts, Upwork (UPWK) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 10 'Buy' recommendations, accounting for 90.91% of UPWK's total ratings.

What is UPWK's price target?

Upwork (UPWK) average price target is $26.67 with a range of $11 to $74, implying a 78.63% from its last price of $14.93. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Upwork stock go up soon?

According to Wall Street analysts' prediction for UPWK stock, the company can go up by 78.63% (from the last price of $14.93 to the average price target of $26.67), up by 395.65% based on the highest stock price target, and down by -26.32% based on the lowest stock price target.

Can Upwork stock reach $20?

UPWK's average twelve months analyst stock price target of $26.67 supports the claim that Upwork can reach $20 in the near future.

What is Upwork's current price target trend?

1 Wall Street analyst forecast a $15 price target for Upwork (UPWK) this month, up 0.47% from its last price of $14.93. Compared to the last 3 and 12 months, the average price target decreased by -2.88% and decreased by -7.90%, respectively.

What are Upwork's analysts' financial forecasts?

Upwork's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $775.2M (high $793.98M, low $761.73M), average EBITDA is $-38.794M (high $-38.12M, low $-39.734M), average net income is $159.18M (high $164.93M, low $153.67M), average SG&A $429.93M (high $440.35M, low $422.46M), and average EPS is $1.21 (high $1.25, low $1.16). UPWK's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $821.4M (high $844.28M, low $805.91M), average EBITDA is $-41.106M (high $-40.331M, low $-42.251M), average net income is $158.39M (high $164.13M, low $154.51M), average SG&A $455.55M (high $468.24M, low $446.96M), and average EPS is $1.2 (high $1.24, low $1.17).

Did the UPWK's actual financial results beat the analysts' financial forecasts?

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 $-66.786M by 10.40%. The company's net income was $-89.885M, beating the average estimation of $-84.368M by 6.54%. Apple's SG&A was $370.83M, beating the average forecast of $335.01M by 10.69%. 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 $-8.419M by -236.19%. Upwork's net income was $16.34M, beating the average estimation of $13.68M by 19.41%. The company's SG&A was $75.96M, missing the average forecast of $93.3M by -18.59%. Lastly, the company's EPS was $0.12, beating the average prediction of $0.104 by 15.77%