Upwork Inc. (UPWK)
NASDAQ: UPWK · Real-Time Price · USD
16.30
+1.72 (11.76%)
Nov 7, 2024, 2:25 PM EST - Market open

Upwork Stock Forecast

Stock Price Forecast

The 11 analysts with 12-month price forecasts for Upwork stock have an average target of 17, with a low estimate of 11 and a high estimate of 24. The average target predicts an increase of 4.33% from the current stock price of 16.30.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $11 $17 $18 $24
Change -32.49% +4.33% +10.46% +47.28%

Analyst Ratings

The average analyst rating for Upwork stock from 11 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 556666
Buy 222222
Hold 332333
Sell 000000
Strong Sell 000000
Total 101010111111

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Canaccord Genuity
Canaccord Genuity
Strong Buy
Maintains
$15$18
Strong Buy Maintains $15$18 +10.46% Nov 7, 2024
JMP Securities
JMP Securities
Buy
Maintains
$14$18
Buy Maintains $14$18 +10.46% Nov 7, 2024
Goldman Sachs
Goldman Sachs
Strong Buy
Maintains
$21$24
Strong Buy Maintains $21$24 +47.28% Nov 7, 2024
Roth MKM
Roth MKM
Strong Buy
Maintains
$13$20
Strong Buy Maintains $13$20 +22.74% Nov 7, 2024
Piper Sandler
Piper Sandler
Buy
Reiterates
$13$18
Buy Reiterates $13$18 +10.46% Nov 7, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
757.91M
from 689.14M
Increased by 9.98%
Revenue Next Year
799.22M
from 757.91M
Increased by 5.45%
EPS This Year
0.96
from 0.06
Increased by 1,405.93%
EPS Next Year
1.13
from 0.96
Increased by 17.76%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
300.56M373.63M502.80M618.32M689.14M757.91M799.22M876.84M
Revenue Growth
18.63%24.31%34.57%22.98%11.45%9.98%5.45%9.71%
EPS
-0.15-0.19-0.44-0.690.060.961.131.33
EPS Growth
-----1,405.93%17.76%17.55%
Forward PE
-----16.9714.4112.26
No. Analysts -----131310
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2024202520262027
High 805.1M 868.9M 971.2M
Avg 757.9M 799.2M 876.8M
Low 723.7M 696.5M 760.2M

Revenue Growth

Revenue Growth 2024202520262027
High
16.8%
14.6%
21.5%
Avg
10.0%
5.5%
9.7%
Low
5.0%
-8.1%
-4.9%

EPS Forecast

EPS 2024202520262027
High 1.10 1.48 1.89
Avg 0.96 1.13 1.33
Low 0.89 0.93 1.01

EPS Growth

EPS Growth 2024202520262027
High
1,629.3%
54.2%
67.2%
Avg
1,405.9%
17.8%
17.6%
Low
1,298.8%
-3.0%
-10.7%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.