Upwork 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 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Upwork stock.
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Wall Street analysts have given Upwork a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Upwork wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Upwork is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for Upwork.

Upwork Inc. (NASDAQ:UPWK) announced its quarterly earnings data on Tuesday, May, 4th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by $0.02. The business earned $113.62 million during the quarter, compared to analyst estimates of $107.21 million. Upwork had a negative net margin of 5.12% and a negative trailing twelve-month return on equity of 7.15%. Upwork's revenue was up 36.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.03) EPS.
View Upwork's earnings history.

Upwork's stock was trading at $8.40 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, UPWK shares have increased by 468.5% and is now trading at $47.75.
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Upwork updated its FY 2021 earnings guidance on Tuesday, May, 25th. The company provided earnings per share (EPS) guidance of - for the period. The company issued revenue guidance of $480 million-$490 million, compared to the consensus revenue estimate of $466.70 million.

7 Wall Street analysts have issued 12-month target prices for Upwork's stock. Their forecasts range from $39.00 to $77.00. On average, they expect Upwork's stock price to reach $60.75 in the next twelve months. This suggests a possible upside of 27.2% from the stock's current price.
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32 employees have rated Upwork CEO Hayden Brown on Glassdoor.com. Hayden Brown has an approval rating of 85% among Upwork's employees.

Some companies that are related to Upwork include StoneCo (STNE), PagSeguro Digital (PAGS), Zendesk (ZEN), Clarivate (CLVT), GoodRx (GDRX), Five9 (FIVN), Zynga (ZNGA), Pegasystems (PEGA), Proofpoint (PFPT), Playtika (PLTK), DXC Technology (DXC), Globant (GLOB), TELUS International (Cda) (TIXT), Autohome (ATHM) and Skillz (SKLZ).
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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), Square (SQ), Zoom Video Communications (ZM), The 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 acted 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 Price T Rowe Associates Inc. MD (5.81%), BlackRock Inc. (5.28%), Baillie Gifford & Co. (4.16%), Morgan Stanley (2.14%), SRS Investment Management LLC (1.94%) and Federated Hermes Inc. (1.53%). Company insiders that own Upwork stock include Brian K Kinion, Bruce Dunlevie, Dan Marriott, Elizabeth A Nelson, Eric Gilpin, Gary Steele, Gregory C Gretsch, Han-Shen Yuan, Hayden Brown, Jeff Mccombs, Leela Srinivasan, Stephane Kasriel, Steven M Spurlock and Thomas Layton.
View institutional ownership trends for Upwork.

UPWK stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Arrowstreet Capital Limited Partnership, Millennium Management LLC, Voloridge Investment Management LLC, Goldman Sachs Group Inc., Kornitzer Capital Management Inc. KS, Capital International Investors, and Hawk Ridge Capital Management LP. Company insiders that have sold Upwork company stock in the last year include Elizabeth A Nelson, Eric Gilpin, Gary Steele, Hayden Brown, Jeff Mccombs, and Leela Srinivasan.
View insider buying and selling activity for Upwork or view top insider-selling stocks.

UPWK stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, SRS Investment Management LLC, Fred Alger Management LLC, Baillie Gifford & Co., Lord Abbett & CO. LLC, Candlestick Capital Management LP, Price T Rowe Associates Inc. MD, and Federated Hermes Inc.. Company insiders that have bought Upwork stock in the last two years include Gregory C Gretsch, and Thomas Layton.
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Shares of UPWK 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 $47.75.

Upwork has a market capitalization of $6.02 billion and generates $373.63 million in revenue each year. The company earns $-22,870,000.00 in net income (profit) each year or ($0.19) on an earnings per share basis.

Upwork employs 540 workers across the globe.

The official website for Upwork is www.upwork.com.

Upwork is headquartered at 2625 Augustine Drive Suite 601, Santa Clara CA, 95054.

Upwork's mailing address is 2625 Augustine Drive Suite 601, Santa Clara CA, 95054. The company can be reached via phone at 650-316-7500 or via email at [email protected]