Upwork (UPWK) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Upwork in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" UPWK shares.
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7 brokerages have issued twelve-month price objectives for Upwork's shares. Their UPWK share price forecasts range from $9.00 to $25.00. On average, they expect the company's stock price to reach $15.63 in the next year. This suggests a possible upside of 71.5% 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 decreased by 12.7% and is now trading at $9.11.
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Upwork saw a increase in short interest in 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 volume of 1,770,000 shares, the days-to-cover ratio is presently 6.2 days. Currently, 9.3% of the company's stock are short sold.
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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) announced 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 earned $128.14 million during the quarter, compared to analyst estimates of $126.59 million. Upwork had a negative trailing twelve-month return on equity of 18.69% and a negative net margin of 7.52%. The business's revenue for the quarter was up 32.4% compared to the same quarter last year. During the same period last year, the company posted ($0.02) EPS.

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 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 $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 number of 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.
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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 $9.11.

Upwork (NASDAQ:UPWK) has a market capitalization of $1.22 billion and generates $618.32 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.