Across the recent three months, 5 analysts have shared their insights on Upwork UPWK, expressing a variety of opinions spanning from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 1 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 0 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Upwork, presenting an average target of $17.0, a high estimate of $20.00, and a low estimate of $14.00. Marking an increase of 30.77%, the current average surpasses the previous average price target of $13.00.
Interpreting Analyst Ratings: A Closer Look
A comprehensive examination of how financial experts perceive Upwork is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Andrew Boone | JMP Securities | Maintains | Market Outperform | $16.00 | - |
| Brent Thill | Jefferies | Raises | Buy | $20.00 | $13.00 |
| Bernie McTernan | Needham | Raises | Buy | $18.00 | $15.00 |
| Rohit Kulkarni | Roth MKM | Raises | Buy | $14.00 | $13.00 |
| Brad Erickson | RBC Capital | Raises | Sector Perform | $17.00 | $11.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Upwork. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Upwork compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Upwork's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Upwork's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Upwork analyst ratings.
Discovering Upwork: A Closer Look
Upwork Inc is a United States-based company that operates an online marketplace that enables businesses to find and work with highly-skilled independent professionals. The develops platform for hiring and freelancing purposes. Its products offering include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. The business generates revenue from Talent and Clients across the USA, India, the Philippines and the rest of the world. Substantial income is derived from providing services to Clients.
Upwork's Economic Impact: An Analysis
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Upwork's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2023, the company achieved a revenue growth rate of approximately 10.77%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Upwork's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 9.3%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Upwork's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 5.03%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Upwork's ROA stands out, surpassing industry averages. With an impressive ROA of 1.73%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Upwork's debt-to-equity ratio is below the industry average. With a ratio of 1.08, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Significance of Analyst Ratings Explained
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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