Across the recent three months, 9 analysts have shared their insights on Upwork UPWK, expressing a variety of opinions spanning from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 2 | 2 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 4 | 2 | 2 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts have set 12-month price targets for Upwork, revealing an average target of $19.0, a high estimate of $24.00, and a low estimate of $16.00. Observing a 24.84% increase, the current average has risen from the previous average price target of $15.22.
Understanding Analyst Ratings: A Comprehensive Breakdown
An in-depth analysis of recent analyst actions unveils how financial experts perceive Upwork. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Brent Thill | Jefferies | Raises | Buy | $20.00 | $19.00 |
| Kunal Madhukar | UBS | Raises | Neutral | $18.00 | $17.00 |
| Ronald Josey | Citigroup | Raises | Neutral | $19.00 | $11.00 |
| Marvin Fong | BTIG | Raises | Buy | $16.00 | $14.00 |
| Maria Ripps | Canaccord Genuity | Raises | Buy | $18.00 | $15.00 |
| Andrew Boone | JMP Securities | Raises | Market Outperform | $18.00 | $14.00 |
| Eric Sheridan | Goldman Sachs | Raises | Buy | $24.00 | $21.00 |
| Rohit Kulkarni | Roth MKM | Raises | Buy | $20.00 | $13.00 |
| Matt Farrell | Piper Sandler | Raises | Overweight | $18.00 | $13.00 |
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: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Upwork compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Upwork's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Upwork's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Upwork analyst ratings.
All You Need to Know About Upwork
Upwork Inc is a United States-based company that operates an online marketplace that enables businesses to find and work with skilled independent professionals. The company 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.
Key Indicators: Upwork's Financial Health
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Upwork's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 10.27%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations 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 14.32%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 7.19%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.68%, the company showcases effective utilization of assets.
Debt Management: Upwork's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.9.
Analyst Ratings: What Are They?
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.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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