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Upwork (UPWK) Stock Forecast & Price Target

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$13.55
+0.98 (+7.80%)
(As of 10/29/2024 ET)

Upwork - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
3
Buy
8

Based on 11 Wall Street analysts who have issued ratings for Upwork in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 11 analysts, 3 have given a hold rating, and 8 have given a buy rating for UPWK.

Consensus Price Target

$15.27
12.71% Upside
According to the 11 analysts' twelve-month price targets for Upwork, the average price target is $15.27. The highest price target for UPWK is $21.00, while the lowest price target for UPWK is $11.00. The average price target represents a forecasted upside of 12.71% from the current price of $13.55.
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UPWK Analyst Ratings Over Time

TypeCurrent Forecast
10/31/23 to 10/30/24
1 Month Ago
10/1/23 to 9/30/24
3 Months Ago
8/2/23 to 8/1/24
1 Year Ago
10/31/22 to 10/31/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
8 Buy rating(s)
8 Buy rating(s)
7 Buy rating(s)
4 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$15.27$15.27$17.20$14.63
Forecasted Upside12.71% Upside46.15% Upside54.82% Upside39.95% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

UPWK Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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UPWK Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Upwork Stock vs. The Competition

TypeUpworkComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.73
2.67
2.50
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside12.71% Upside687.71% Upside8.91% Upside
News Sentiment Rating
Neutral News

See Recent UPWK News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
9/25/2024Citigroup
3 of 5 stars
 Lower TargetNeutral ➝ Neutral$13.00 ➝ $11.00+4.96%
8/16/2024Roth Mkm
1 of 5 stars
 Lower TargetBuy ➝ Buy$19.00 ➝ $13.00+31.98%
8/8/2024Royal Bank of Canada
4 of 5 stars
 Lower TargetSector Perform ➝ Sector Perform$15.00 ➝ $11.00+17.40%
8/8/2024The Goldman Sachs Group
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 Lower TargetBuy ➝ Buy$24.00 ➝ $21.00+128.76%
8/8/2024UBS Group
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 Lower TargetNeutral ➝ Neutral$12.00 ➝ $11.00+20.35%
8/8/2024Piper Sandler
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 Lower TargetOverweight ➝ Overweight$20.00 ➝ $13.00+24.28%
8/8/2024Canaccord Genuity Group
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 Lower TargetBuy ➝ Buy$19.00 ➝ $15.00+43.40%
5/15/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$20.00+62.21%
5/2/2024BTIG Research
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 UpgradeNeutral ➝ Buy$16.00+33.78%
2/15/2024JMP Securities
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 Boost TargetMarket Outperform ➝ Market Outperform$16.00 ➝ $17.00+19.55%
1/8/2024Jefferies Financial Group
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 UpgradeHold ➝ Buy$13.00 ➝ $20.00+42.35%
5/4/2023888
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 Reiterated RatingMaintains
5/4/2023Bank of America
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 DowngradeBuy ➝ Neutral$9.00+10.57%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 05:20 AM ET.


UPWK Forecast - Frequently Asked Questions

According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Upwork is $15.27, with a high forecast of $21.00 and a low forecast of $11.00.

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Upwork in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" UPWK shares.

According to analysts, Upwork's stock has a predicted upside of 12.71% based on their 12-month stock forecasts.

Upwork has been rated by research analysts at Canaccord Genuity Group, Citigroup, Piper Sandler, Roth Mkm, Royal Bank of Canada, The Goldman Sachs Group, and UBS Group in the past 90 days.

Analysts like Upwork more than other "computer and technology" companies. The consensus rating score for Upwork is 2.73 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how UPWK compares to other companies.


This page (NASDAQ:UPWK) was last updated on 10/30/2024 by MarketBeat.com Staff
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