Upwork (UPWK) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Upwork in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" UPWK shares.
View UPWK analyst ratings or view top-rated stocks.

7 analysts have issued twelve-month target prices for Upwork's shares. Their UPWK share price forecasts range from $9.00 to $25.00. On average, they anticipate the company's share price to reach $15.63 in the next year. This suggests a possible upside of 78.0% from the stock's current price.
View analysts price targets for UPWK or view top-rated stocks among Wall Street analysts.

Upwork's stock was trading at $10.44 on January 1st, 2023. Since then, UPWK stock has decreased by 15.9% and is now trading at $8.78.
View the best growth stocks for 2023 here.

Upwork saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 10,890,000 shares, an increase of 65.0% from the April 30th total of 6,600,000 shares. Based on an average daily trading volume, of 1,770,000 shares, the short-interest ratio is presently 6.2 days. Approximately 9.3% of the company's stock are sold short.
View Upwork's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our UPWK earnings forecast.

Upwork Inc. (NASDAQ:UPWK) issued its quarterly earnings data on Wednesday, October, 27th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.02 by $0.09. The firm had revenue of $128.14 million for the quarter, compared to analysts' expectations of $126.59 million. Upwork had a negative net margin of 7.52% and a negative trailing twelve-month return on equity of 18.69%. Upwork's quarterly revenue was up 32.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.02) earnings per share.

ETFs with the largest weight of Upwork (NASDAQ:UPWK) stock in their portfolio include Amplify Online Retail ETF (IBUY), SPDR FactSet Innovative Technology ETF (XITK), WisdomTree Growth Leaders Fund (PLAT), Gen Z ETF (ZGEN), Vanguard Russell 2000 Growth ETF (VTWG), Motley Fool Next Index ETF (TMFX).Motley Fool Capital Efficiency 100 Index ETF (TMFE) and

Upwork updated its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of 0-$0.02 for the period, compared to the consensus EPS estimate of $0.02. The company issued revenue guidance of $161.00 million-$164.00 million, compared to the consensus revenue estimate of $171.30 million.

32 employees have rated Upwork Chief Executive Officer Hayden Brown on Glassdoor.com. Hayden Brown has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Upwork investors own include NVIDIA (NVDA), Shopify (SHOP), Advanced Micro Devices (AMD), Twilio (TWLO), Alibaba Group (BABA), Block (SQ), Zoom Video Communications (ZM), Trade Desk (TTD), DocuSign (DOCU) and Teladoc Health (TDOC).

(UPWK) raised $135 million in an initial public offering on Wednesday, October 3rd 2018. The company issued 12,300,000 shares at a price of $10.00-$12.00 per share. Citigroup, Jefferies and RBC Capital Markets served as the underwriters for the IPO and Stifel and JMP Securities were co-managers.

Upwork trades on the NASDAQ under the ticker symbol "UPWK."

Upwork's stock is owned by many different retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (5.13%), Hawk Ridge Capital Management LP (4.11%), Ancient Art L.P. (2.31%), Dorsey Asset Management LLC (1.83%), Geode Capital Management LLC (1.76%) and Renaissance Technologies LLC (1.20%). Insiders that own company stock include Elizabeth A Nelson, Eric Gilpin, Gary Steele, Gregory C Gretsch, Hayden Brown, Jeff Mccombs, Kevin Harvey, Leela Srinivasan, Olivier Marie, Susan Miranda Green and Thomas Layton.
View institutional ownership trends.

Shares of UPWK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of UPWK stock can currently be purchased for approximately $8.78.

Upwork (NASDAQ:UPWK) has a market capitalization of $1.17 billion and generates $637.84 million in revenue each year. The company earns $-89,890,000.00 in net income (profit) each year or ($0.65) on an earnings per share basis.

The company employs 650 workers across the globe.

Upwork's mailing address is 2625 Augustine Drive Suite 601, Santa Clara CA, 95054. The official website for the company is www.upwork.com. The company can be reached via phone at (650) 316-7500 or via email at investor@upwork.com.