Upwork Inc. (UPWK)
NASDAQ: UPWK · IEX Real-Time Price · USD
11.91
-0.08 (-0.67%)
At close: May 17, 2024, 4:00 PM
11.85
-0.06 (-0.50%)
After-hours: May 17, 2024, 7:54 PM EDT

Upwork Stock Forecast

Stock Price Forecast

The 10 analysts with 12-month price forecasts for Upwork stock have an average target of 17.8, with a low estimate of 15 and a high estimate of 22. The average target predicts an increase of 49.45% from the current stock price of 11.91.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $15 $17.8 $18 $22
Change +25.94% +49.45% +51.13% +84.72%

Analyst Ratings

The average analyst rating for Upwork stock from 10 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 Dec '23Jan '24Feb '24Mar '24Apr '24May '24
Strong Buy 455555
Buy 222222
Hold 555553
Sell 000000
Strong Sell 000000
Total 111212121210

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Roth MKM
Roth MKM
Strong Buy
Reiterates
$19
Strong Buy Reiterates $19 +59.53% May 15, 2024
Needham
Needham
Strong Buy
Reiterates
$20
Strong Buy Reiterates $20 +67.93% May 15, 2024
RBC Capital
RBC Capital
Hold
Maintains
$18$15
Hold Maintains $18$15 +25.94% May 2, 2024
Needham
Needham
Strong Buy
Reiterates
$20
Strong Buy Reiterates $20 +67.93% May 2, 2024
BTIG
BTIG
Strong Buy
Upgrades
$16
Strong Buy Upgrades $16 +34.34% May 2, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
788.26M
from 689.14M
Increased by 14.38%
Revenue Next Year
886.28M
from 788.26M
Increased by 12.43%
EPS This Year
0.81
from 0.06
Increased by 1,255.14%
EPS Next Year
0.98
from 0.81
Increased by 20.43%
Year 201920202021202220232024202520262027
Revenue
300.56M373.63M502.80M618.32M689.14M788.26M886.28M992.15M1.13B
Revenue Growth
18.63%24.31%34.57%22.98%11.45%14.38%12.43%11.95%13.39%
EPS
-0.15-0.19-0.44-0.690.060.810.981.041.75
EPS Growth
-----1,255.14%20.43%6.25%68.63%
No. Analysts -----111143
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2024202520262027
High 821.5M 963.6M 1.1B 1.2B
Avg 788.3M 886.3M 992.2M 1.1B
Low 752.1M 827.3M 909.7M 1.1B

Revenue Growth

Revenue Growth 2024202520262027
High
19.2%
22.2%
20.5%
16.7%
Avg
14.4%
12.4%
11.9%
13.4%
Low
9.1%
5.0%
2.6%
9.0%

EPS Forecast

EPS 2024202520262027
High 0.89 1.11 1.20 1.81
Avg 0.81 0.98 1.04 1.75
Low 0.75 0.83 0.88 1.69

EPS Growth

EPS Growth 2024202520262027
High
1,387.5%
36.9%
22.2%
73.6%
Avg
1,255.1%
20.4%
6.3%
68.6%
Low
1,157.7%
2.4%
-9.9%
62.0%
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.