- Upwork's stock surged 10% after exceeding Q1 forecasts, supported by a rise in active users to 812,000.
- Analysts project an average price target of $19.20, anticipating a potential 44% upside.
- The company's Q2 2025 outlook is optimistic, bolstered by increased gross services volume per client.
Upwork (UPWK, Financial) has made a significant splash in the stock market, with a noteworthy 10% increase in stock value following its impressive first-quarter results. Key highlights from the report included a surge in active clients, reaching 812,000, while gross services volume per client saw a year-over-year uptick of 3%. The company also shared a bullish outlook on revenue and earnings for Q2 2025, further boosting investor sentiment.
Wall Street Analysts Forecast
Wall Street analysts have shared their optimistic forecasts for Upwork Inc (UPWK, Financial). According to projections from 10 financial analysts, the average one-year price target is set at $19.20. This prediction includes a high estimate of $25.00 and a low of $15.00, signaling a robust potential upside of 44.14% from the current stock price of $13.32. For more in-depth forecasting details, visit the Upwork Inc (UPWK) Forecast page.
The consensus from 11 brokerage firms assigns Upwork Inc an average brokerage recommendation of 2.4, which corresponds to an "Outperform" rating. The ratings scale spans from 1 to 5, where 1 indicates a Strong Buy and 5 suggests a Sell, reflecting positive sentiment among analysts.
GuruFocus estimates present an interesting perspective on Upwork’s valuation. The estimated GF Value for Upwork Inc (UPWK, Financial) in a year is calculated at $14.01, suggesting a modest upside potential of 5.18% from the current price of $13.32. This GF Value represents GuruFocus's assessment of the fair market value, derived from historical trading multiples, business growth trajectories, and future performance estimates. For further exploration of Upwork’s financial summary, be sure to check out the Upwork Inc (UPWK) Summary page.
