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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 $13.17 (represents a -22.71% downside from UPWK’s last price of $17.04) 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 $13.17 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $15.00 to $11.00. This represents a potential -22.71% downside from UPWK's last price of $17.04.

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 24, 2024Maria RippsCanaccord Genuity$15.00$12.7317.83%-11.97%
Sep 13, 2024Marvin FongBTIG$14.00$10.2436.72%-17.84%
Aug 08, 2024Bernie McTernanNeedham$14.00$9.2251.84%-17.84%
Aug 08, 2024Matt FarrellPiper Sandler$13.00$10.4624.28%-23.71%
Aug 08, 2024Nrad EricksonRBC Capital$11.00$10.465.16%-35.45%
Jul 02, 2024Joshua ChanUBS$12.00$10.6812.36%-29.58%
May 02, 2024Nrad EricksonRBC Capital$15.00$11.9625.42%-11.97%
May 02, 2024Marvin FongBTIG$16.00$11.9633.78%-6.10%
Oct 27, 2022Bernie McTernanNeedham$19.00$12.6450.32%11.50%
Oct 26, 2022Matt FarrellPiper Sandler$20.00$12.6458.23%17.37%
Jul 14, 2022Marvin FongBTIG$30.00$20.2048.51%76.06%
Jun 11, 2022Matt FarrellPiper Sandler$30.00$18.0266.48%76.06%
Jun 09, 2022Eric SheridanGoldman Sachs$31.00$18.8364.63%81.92%
Jun 06, 2022Brent ThillJefferies$20.00$18.806.38%17.37%
May 23, 2022Brad EricksonRBC Capital$21.00$17.7918.04%23.24%
Apr 28, 2022Rohit KulkarniMKM Partners$31.00$21.6343.32%81.92%
Apr 28, 2022Needham$33.00$19.2971.07%93.66%
Apr 24, 2022Marvin FongBTIG$34.00$19.4474.90%99.53%
Mar 20, 2022Maria RippsCanaccord Genuity$40.00$22.3279.21%134.74%
Mar 10, 2022Scott DevittStifel Nicolaus$30.00$19.6752.52%76.06%
Feb 06, 2022Andrew BooneJMP Securities$55.00$27.5699.56%222.77%
Jan 23, 2022Marvin FongBTIG$50.00$25.1798.65%193.43%
Jan 17, 2022Matthew FarrellPiper Sandler$40.00$28.2541.59%134.74%
Oct 28, 2021Nicholas Jones CFACitigroup$74.00$48.9851.08%334.27%

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 -11.97% decrease from UPWK last price ($17.04).

Upwork Price Target by Period

1M3M12M
# Anlaysts-18
Avg Price Target-$15.00$13.75
Last Closing Price$17.04$17.04$17.04
Upside/Downside-100.00%-11.97%-19.31%

In the current month, the average price target of Upwork stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Upwork's last price of $17.04. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 24, 2024Canaccord GenuityBuyBuyHold
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
May 02, 2024BTIGBuyNeutralDowngrade
Feb 15, 2024NeedhamBuyBuyHold
Feb 15, 2024RBC CapitalSector PerformSector PerformHold
Feb 15, 2024RBC CapitalMarket OutperformMarket OutperformHold
Feb 15, 2024NeedhamUnderperformUnderperformHold
Jan 30, 2024Roth CapitalMarket OutperformMarket OutperformHold
Jan 08, 2024JefferiesHoldBuyUpgrade
May 04, 2023NeedhamBuyBuyHold
May 04, 2023RBC CapitalSector PerformSector PerformHold
Feb 17, 2023Goldman SachsBuyBuyHold
Oct 27, 2022JMP SecuritiesMarket OutperformMarket OutperformHold
Oct 26, 2022Piper SandlerOverweightOverweightHold
Jul 28, 2022Goldman SachsBuyBuyHold
Jul 28, 2022JefferiesHoldHoldHold
Jul 14, 2022BTIGBuyBuyHold
Jun 11, 2022Piper SandlerOverweightOverweightHold
Jun 09, 2022Goldman SachsBuyBuyHold
Jun 06, 2022JefferiesHoldHoldHold
May 23, 2022RBC CapitalSector PerformInitialise
Apr 28, 2022MKM PartnersBuyBuyHold
Apr 28, 2022Goldman SachsBuyBuyHold
Apr 28, 2022NeedhamBuyBuyHold
Apr 24, 2022BTIGBuyBuyHold
Jan 23, 2022BTIGBuyBuyHold
Jan 17, 2022Piper SandlerOverweightInitialise
Nov 09, 2020BTIGBuyBuyHold

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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$196.12M$199.53M$191.88M$185.56M$181.06M$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$219.05M$220.13M$207.82M$204.23M$203.24M$206.78M$198.85M$187.92M$182.17M$186.07M$193.18M$185.92M$179.72M$170.23M$168.43M$164.82M$165.08M$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$206.76M$207.78M$196.16M$192.77M$191.84M$195.18M$187.69M$183.20M$179.99M$185.04M$193.09M$185.88M$177.03M$164.14M$158.98M$155.58M$155.82M$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
# Analysts333344467311310998888999101010101099
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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts333344467311310998888999101010101099
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$-9.86M$-9.81M$-9.99M$-9.60M$-9.29M$-9.06M$-9.29M$-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$-3.62M
High Forecast$-10.35M$-10.40M$-9.82M$-9.65M$-9.60M$-9.77M$-9.39M$-9.17M$-9.01M$-9.26M$-9.66M$-27.54M$-8.86M$-8.21M$-7.96M$-25.03M$-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$-3.62M
Low Forecast$-10.96M$-11.02M$-10.40M$-10.22M$-10.17M$-10.35M$-9.95M$-9.40M$-9.12M$-9.31M$-9.67M$-41.31M$-8.99M$-8.52M$-8.43M$-37.55M$-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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts333344467311310998888999101010101099
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$42.41M$42.85M$40.00M$34.76M$33.98M$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$44.23M$42.85M$40.08M$38.70M$44.42M$44.87M$41.89M$36.00M$38.41M$35.97M$30.61M$-32.71M$24.38M$16.42M$-119.65K$-29.74M$-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$41.04M$39.76M$37.19M$35.91M$41.21M$41.63M$38.87M$32.28M$28.07M$33.46M$30.36M$-49.07M$21.68M$12.31M$-128.96K$-44.61M$-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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts333344467311310998888999101010101099
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$108.77M$110.66M$106.42M$102.91M$100.42M$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$121.49M$122.08M$115.26M$113.27M$112.72M$114.68M$110.28M$104.22M$101.03M$103.19M$107.14M$172.14M$99.67M$94.41M$93.41M$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$114.67M$115.23M$108.79M$106.91M$106.39M$108.25M$104.09M$101.60M$99.82M$102.62M$107.09M$114.76M$98.18M$91.03M$88.17M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts333344467311310998888999101010101099
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$0.32$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$0.34$0.32$0.30$0.29$0.34$0.34$0.32$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$0.29$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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
KELYAKelly Services$13.42$24.0078.84%
TNETTriNet Group$90.91$140.0054.00%Buy
NSPInsperity$79.93$116.6745.97%Buy
TBITrueBlue$8.65$12.0038.73%Buy
MANManpowerGroup$59.00$72.5022.88%Buy
KFRCKforce$58.49$71.0021.39%Hold
KFYKorn Ferry$69.34$75.759.24%Buy
PAYXPaychex$140.28$130.83-6.74%Hold
RHIRobert Half$74.15$68.67-7.39%Hold
HSIIHeidrick & Struggles$45.45$42.00-7.59%Hold
UPWKUpwork$17.04$13.17-22.71%Buy

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 $13.17 with a range of $11 to $15, implying a -22.71% from its last price of $17.04. 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 down by -22.71% (from the last price of $17.04 to the average price target of $13.17), down by -11.97% based on the highest stock price target, and down by -35.45% based on the lowest stock price target.

Can Upwork stock reach $30?

UPWK's average twelve months analyst stock price target of $13.17 does not support the claim that Upwork can reach $30 in the near future.

What are Upwork's analysts' financial forecasts?

Upwork's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $773.09M (high $796.79M, low $757.91M), average EBITDA is $-38.688M (high $-37.928M, low $-39.874M), average net income is $160.02M (high $167.18M, low $153.99M), average SG&A $428.76M (high $441.9M, low $420.34M), and average EPS is $1.21 (high $1.27, low $1.17). UPWK's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $821.4M (high $851.23M, low $803.47M), average EBITDA is $-41.106M (high $-40.208M, low $-42.598M), average net income is $158.39M (high $165.87M, low $153.9M), average SG&A $455.55M (high $472.1M, low $445.61M), and average EPS is $1.2 (high $1.26, 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%