8 analysts have expressed a variety of opinions on Upwork (NASDAQ:UPWK) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 2 | 2 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 4 | 2 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $18.0, with a high estimate of $24.00 and a low estimate of $11.00. This upward trend is evident, with the current average reflecting a 26.32% increase from the previous average price target of $14.25.
Diving into Analyst Ratings: An In-Depth Exploration
The standing of Upwork among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| 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 |
| Ronald Josey | Citigroup | Lowers | Neutral | $11.00 | $13.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Upwork. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Upwork compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Upwork's stock. This analysis reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Upwork's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Upwork analyst ratings.
Discovering Upwork: A Closer Look
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.
A Deep Dive into Upwork's Financials
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Upwork's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 10.27%. This signifies 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 net margin excels beyond industry benchmarks, reaching 14.32%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Upwork's ROE excels beyond industry benchmarks, reaching 7.19%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Upwork's ROA stands out, surpassing industry averages. With an impressive ROA of 2.68%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Upwork's debt-to-equity ratio is below the industry average. With a ratio of 0.9, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Understanding the Relevance of Analyst Ratings
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
