▼ -25.32% Downside Potential
This price target is based on 9 analysts offering 12 month price targets for Upwork in the last 3 months. The average price target is $33.78, with a high forecast of $48.00 and a low forecast of $10.00. The average price target represents a -25.32% upside from the last price of $45.23.
The current consensus among 9 polled investment analysts is to buy stock in Upwork. This rating has held steady since April 2019, when it changed from a Hold consensus rating.
Upwork Inc. operates an online talent marketplace that enables businesses (clients) to find and work with various independent professionals and agencies (freelancers) in the United States, India, the Philippines, and internationally. The company's platform provides access to talent with approximately 8,000 skills across approximately 70 categories, including content marketing, customer service, data science and analytics, graphic design, mobile development, sales, and web development. Its platform also enables clients to streamline workflows, such as talent sourcing, outreach, and contracting. The company's platform offers access to various functionalities for remote engagements with freelancers comprising communication and collaboration, time tracking, invoicing, and payment. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll, as well as managed and internet escrow agency services. The company was formerly known as Elance-oDesk, Inc. and changed its name to Upwork Inc. in May 2015. Upwork Inc. was incorporated in 2013 and is headquartered in Santa Clara, California.