Upwork - UPWK Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Upwork in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" UPWK shares.
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10 Wall Street analysts have issued twelve-month price objectives for Upwork's stock. Their UPWK share price forecasts range from $15.00 to $40.00. On average, they predict the company's stock price to reach $22.82 in the next year. This suggests a possible upside of 75.5% from the stock's current price.
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Upwork's stock was trading at $10.44 at the beginning of the year. Since then, UPWK shares have increased by 24.5% and is now trading at $13.00.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
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Upwork will be holding an earnings conference call on Wednesday, February 15th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Upwork Inc. (NASDAQ:UPWK) announced its earnings results on Wednesday, October, 27th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by $0.09. The business earned $128.14 million during the quarter, compared to the consensus estimate of $126.59 million. Upwork had a negative net margin of 16.16% and a negative trailing twelve-month return on equity of 38.46%. The firm's revenue was up 32.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.02) EPS.

Upwork issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 2nd. The company provided earnings per share (EPS) guidance of -$0.03--$0.01 for the period, compared to the consensus earnings per share estimate of -$0.04. The company issued revenue guidance of $158.00 million-$160.00 million, compared to the consensus revenue estimate of $159.61 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 IPO on Wednesday, October 3rd 2018. The company issued 12,300,000 shares at $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 a variety of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (5.18%), AMI Asset Management Corp (0.12%), Transcend Capital Advisors LLC (0.11%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Brian K Kinion, Elizabeth A Nelson, Eric Gilpin, Gary Steele, Gregory C Gretsch, Hayden Brown, Jeff Mccombs, Kevin Harvey, Leela Srinivasan, Olivier Marie, Stephane Kasriel, Susan Miranda Green and Thomas Layton.
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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.
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One share of UPWK stock can currently be purchased for approximately $13.00.

Upwork (NASDAQ:UPWK) has a market capitalization of $1.71 billion and generates $502.80 million in revenue each year. The company earns $-56,240,000.00 in net income (profit) each year or ($0.74) 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.