Upwork Inc

Upwork Inc (UPWK) Stock Analysis

$9.020

+0.101 (+1.12%)At close

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High
9.080
Open
8.910
VWAP
8.99
Vol
1.90M
Mkt Cap
1.40B
Low
8.880
Amount
17.11M
EV/EBITDA, TTM
5.41

Upwork Inc. operates a working marketplace, which connects businesses with independent talent. The Company's independent talent refers to the talent that includes independent professionals and agencies of varying sizes. The Company’s marketplace offerings are designed for clients looking to identify hiring. Its marketplace offerings provide clients with access to independent talent with verified work history and client feedback from the marketplace platform. They also receive perks, such as a verified client badge and highlighted job posts. Upwork Payroll is available to clients when they choose to work with talent that they engage through Upwork as employees. With Upwork Payroll, clients have access to third-party staffing providers to employ talent and meet their talent needs through its work marketplace. It offers two lines of service: managed services and enterprise solutions. Its managed services offer a service-led program management and end-to-end project delivery solution.

AI analysis of Upwork Inc (UPWK)

hold

Upwork Inc is currently priced at $9.02, which is above the average analyst price target of $8.50 to $9.00, indicating potential downside risk. The RSI is at 63.77, suggesting it is nearing overbought territory, while the forward P/E ratio of 6.07 indicates it is undervalued compared to earnings expectations. However, the recent earnings report showed a revenue decline of 1.7% year-over-year, and the full-year revenue guidance was cut by 4.5%, reflecting market challenges. The main risk is the declining active clients and GSV, which could further impact revenue growth, especially given the projected sales decline of 8.6% over the next 12 months. Therefore, while there are some positive indicators, the overall sentiment and recent performance suggest holding rather than buying at this time.

Analyst Ratings (6)

+145.01% upside
Buy
4 Buy
2 Hold
0 Sell
Current: 9.02
Low
15.00
Average
22.10
High
27.00

Citi

2026-08-12

Price Target

$10

Neutral

Canaccord

2026-08-12

Price Target

$9

Hold

Scotiabank

2026-08-11

Price Target

$8

Sector Perform

Goldman Sachs

2026-08-11

Price Target

Buy

RBC Capital

2026-08-11

Price Target

$8

Sector Perform

Valuation Metrics

The current forward P/E ratio for Upwork Inc (UPWK) is 6.07, compared to its 5-year average forward P/E of -42.67.

Forward P/E

Fair
5Y Average P/E
-42.67
Current P/E
6.07
Overvalued
111.55
Undervalued
-196.89

Forward EV/EBITDA

Fair
5Y Average EV/EBITDA
13.85
Current EV/EBITDA
5.41
Overvalued
254.73
Undervalued
-227.04

Forward P/S

Fair
5Y Average P/S
3.08
Current P/S
1.51
Overvalued
5.24
Undervalued
0.93

Alphio AI Price Scenarios for UPWK

Scenario prices are the last monthly forecast band of the current year. Probabilities are fixed model weights (25 / 50 / 25), not guarantees.

B

Bull

Bull · 25%UPWK

$16.61

Scenario price

B

Base

Base · 50%UPWK

$13.96

Scenario price

B

Bear

Bear · 25%UPWK

$11.52

Scenario price

Whales holding UPWK

I

Invenomic Capital Management LP

+ HoldingUPWK

+14.54%

3M Return

R

Rice Hall James & Associates, LLC

+ HoldingUPWK

+7.27%

3M Return

Events Timeline

2026-08-11 (ET)

16:30:00

Major Averages Close Broadly Lower as Investors Await CPI Report

12:00:00

Major Averages Dip Slightly as Investors Await CPI Report

09:00:00

Stock Futures Modestly Higher as Investors Await CPI Report

2026-08-10 (ET)

19:30:00

Babcock & Wilcox Enterprises Shares Up 39.5%

17:00:00

Sees Q3 Revenue of $176M-$184M

News

UPWK FAQ — answered by Alphio AI

Upwork Inc. operates a working marketplace, which connects businesses with independent talent. The Company's independent talent refers to the talent that includes independent professionals and agencies of varying sizes. The Company’s marketplace offerings are designed for clients looking to identify hiring. Its marketplace offerings provide clients with access to independent talent with verified work history and client feedback from the marketplace platform. They also receive perks, such as a verified client badge and highlighted job posts. Upwork Payroll is available to clients when they choose to work with talent that they engage through Upwork as employees. With Upwork Payroll, clients have access to third-party staffing providers to employ talent and meet their talent needs through its work marketplace. It offers two lines of service: managed services and enterprise solutions. Its managed services offer a service-led program management and end-to-end project delivery solution. It operates in the Industrials sector (SERVICES-COMPUTER PROCESSING & DATA PREPARATION industry).

Upwork Inc is currently priced at $9.02, which is above the average analyst price target of $8.50 to $9.00, indicating potential downside risk. The RSI is at 63.77, suggesting it is nearing overbought territory, while the forward P/E ratio of 6.07 indicates it is undervalued compared to earnings expectations. However, the recent earnings report showed a revenue decline of 1.7% year-over-year, and the full-year revenue guidance was cut by 4.5%, reflecting market challenges. The main risk is the declining active clients and GSV, which could further impact revenue growth, especially given the projected sales decline of 8.6% over the next 12 months. Therefore, while there are some positive indicators, the overall sentiment and recent performance suggest holding rather than buying at this time.

6 analysts cover UPWK: 4 rate it Buy, 2 Hold and 0 Sell. The average price target is 22.10.

This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.

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