- Upwork Inc. (UPWK, Financial) reports positive earnings for Q1, exceeding expectations.
- Analysts predict significant stock price upside based on current valuations and market conditions.
- Consensus among brokerage firms indicates an "Outperform" recommendation for UPWK.
Upwork Inc. (UPWK) revealed a robust financial performance for the first quarter, posting a net income of $37.7 million, translating to earnings of 27 cents per share. Impressively, adjusted earnings rose to 34 cents per share, alongside revenues of $192.7 million. Looking ahead to Q2, Upwork anticipates earning between 26 to 28 cents per share, with projected revenues ranging from $184 million to $189 million. The full-year forecast places earnings between $1.14 and $1.18 per share, coupled with revenue expectations of $740 million to $760 million.
Wall Street Analyst Forecasts
Ten analysts have set one-year price targets for Upwork Inc (UPWK, Financial), with the average target price standing at $19.20. The highest estimate hits $25.00, while the lowest reaches $15.00. This average target implies a remarkable upside of 44.14% from the current trading price of $13.32. For comprehensive estimate data, visit the Upwork Inc (UPWK) Forecast page.
Brokerage Firm Recommendations
Eleven brokerage firms have collectively given Upwork Inc (UPWK, Financial) an average recommendation rating of 2.4, which translates to an "Outperform" status. On this scale, a rating of 1 indicates a Strong Buy, while a rating of 5 signifies Sell. This consensus reflects positive sentiment and bullish expectations for Upwork's growth prospects.
GuruFocus Valuation Insights
According to GuruFocus estimates, the anticipated GF Value for Upwork Inc (UPWK, Financial) in one year is projected to be $14.01, suggesting a modest upside of 5.18% from the current market price of $13.32. The GF Value represents GuruFocus' evaluation of the fair market value for the stock, derived from historical trading multiples, business growth rates, and future business performance forecasts. More in-depth information can be accessed on the Upwork Inc (UPWK) Summary page.
