Upwork Inc., together with its subsidiaries, operates an online talent marketplace that enables businesses to find and work with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company's platform provides access to talent with various skills across a range of categories, including sales and marketing, customer service, data science and analytics, design and creative, web, mobile, and software 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.
IPO Year: 2018
Exchange: NASDAQ
Website: upwork.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/4/2025 | Buy → Neutral | BTIG Research | |
| 3/12/2025 | $15.00 | Sector Perform | Scotiabank |
| 7/2/2024 | $18.00 → $12.00 | Neutral | UBS |
| 5/2/2024 | $16.00 | Neutral → Buy | BTIG Research |
| 1/8/2024 | $13.00 → $20.00 | Hold → Buy | Jefferies |
| 10/4/2023 | $13.00 | Neutral | UBS |
| 8/28/2023 | Buy → Neutral | BTIG Research | |
| 6/30/2023 | $15.00 → $13.00 | Buy | BTIG Research |
| 5/4/2023 | $9.00 | Buy → Neutral | BofA Securities |
| 5/23/2022 | $21.00 | Sector Perform | RBC Capital Mkts |
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BTIG Research downgraded Upwork from Buy to Neutral
Scotiabank initiated coverage of Upwork with a rating of Sector Perform and set a new price target of $15.00
UBS resumed coverage of Upwork with a rating of Neutral and set a new price target of $12.00 from $18.00 previously
BTIG Research upgraded Upwork from Neutral to Buy and set a new price target of $16.00
Jefferies upgraded Upwork from Hold to Buy and set a new price target of $20.00 from $13.00 previously
UBS initiated coverage of Upwork with a rating of Neutral and set a new price target of $13.00
BTIG Research downgraded Upwork from Buy to Neutral
BTIG Research reiterated coverage of Upwork with a rating of Buy and set a new price target of $13.00 from $15.00 previously
BofA Securities downgraded Upwork from Buy to Neutral and set a new price target of $9.00
RBC Capital Mkts initiated coverage of Upwork with a rating of Sector Perform and set a new price target of $21.00
Achieves record first quarter with revenue of $192.7 million, GAAP net income of $37.7 million and adjusted EBITDA of $56.0 million, resulting in 20% profit margin and 29% adjusted EBITDA marginReiterates FY2025 revenue guidance and raises full-year adjusted EBITDA guidance PALO ALTO, Calif., May 05, 2025 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced its financial results for the first quarter of 2025. "Upwork is off to a strong start in 2025, delivering record first-quarter results ac
PALO ALTO, Calif., April 23, 2025 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK), the world's work marketplace that connects businesses with independent talent, today unveiled its inaugural Future Workforce Index, a flagship report analyzing the rise of skilled freelancers performing knowledge work and their impact on the workforce, economy, and business innovation. The findings reveal a paradigm shift in how work gets done, with more than one in four (28%) U.S. knowledge workers now freelancing or working independently, generating a collective $1.5 trillion in earnings in 2024. As the world moves rapidly toward increasingly AI-powered and more flexible work models, freelancers are outpaci
PALO ALTO, Calif., April 15, 2025 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced that it will report its financial results for the first quarter of 2025 on Monday, May 5, 2025 after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. A live webcast of the call will be available on the Upwork Investor Relations website at investors.upwork.com. An audio replay of the conference call will be available for one week following the call and will be archived via webcast on th
PALO ALTO, Calif., March 18, 2025 (GLOBE NEWSWIRE) -- Upwork (NASDAQ:UPWK), the world's work marketplace, today announced that it has been recognized by Fast Company as one of the Most Innovative Companies of 2025 in the Human Resources category. The honor highlights Upwork's industry-defining approach to transforming how businesses and independent professionals achieve meaningful work outcomes—faster, smarter, and with greater agility—by combining human expertise with AI-powered tools. "Being recognized by Fast Company as one of 2025's Most Innovative Companies is a testament to how Upwork is actively shaping and leading the AI-powered future of work," said Hayden Brown, president and CE
PALO ALTO, Calif., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced that President and CEO Hayden Brown and CFO Erica Gessert will participate in a fireside chat at The Citizens JMP Technology Conference in San Francisco, CA on Monday, March 3, 2025 at 12:00 p.m. PT/3:00 p.m. ET. A live webcast of the fireside chat will be available in the Events and Presentations section of Upwork's Investor Relations website at investors.upwork.com. A webcast archive will be available following the event for approximately 90 days at the same address. Please contact the
Achieves record revenue, GAAP net income1 and adjusted EBITDA2,3 for the fourth quarter and full year 2024Fourth-quarter revenue of $191.5 million and GAAP net income1 of $147.2 millionFourth-quarter adjusted EBITDA2,3 of $50.2 million or 26% adjusted EBITDA margin, Upwork's highest ever Full-year revenue of $769.3 million, GAAP net income1 of $215.6 million, and adjusted EBITDA2,3 of $167.6 million PALO ALTO, Calif., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced its financial results for the fourth quarter and full year of 2024. "2024 was a record y
PALO ALTO, Calif., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced that it will report its financial results for the fourth quarter and full year of 2024 on Wednesday, February 12, 2025 after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. A live webcast of the call will be available on the Upwork Investor Relations website at investors.upwork.com. An audio replay of the conference call will be available for one week following the call and will be arc
PALO ALTO, Calif., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK), the world's work marketplace that connects businesses with independent talent, today released its annual In-Demand Skills report, spotlighting the most sought-after skills across key work categories on its platform. The findings highlight a dual emphasis on advanced technical skills and human-centric roles, underscoring the evolving demands of a workforce shaped by emerging technologies, digital transformation, and global disruption. While job postings requiring advanced AI skills, such as generative AI modeling and AI data annotation, are growing rapidly—along with the freelancer earnings associated with thes
SAN FRANCISCO, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced that President and CEO Hayden Brown and CFO Erica Gessert will participate in a fireside chat at the 27th Annual Needham Growth Conference in New York, NY on Wednesday, January 15, 2025 at 8:45 a.m. PT/11:45 a.m. ET. A live webcast of the fireside chat will be available in the Events and Presentations section of Upwork's Investor Relations website at investors.upwork.com. A webcast archive will be available following the event for approximately 90 days at the same address. Please contact the
SAN FRANCISCO, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced that CFO Erica Gessert will participate in a fireside chat at the UBS Global Technology and AI Conference in Scottsdale, AZ on Tuesday, December 3, 2024 at 10:35 a.m. PT/1:35 p.m. ET. A live webcast of the fireside chat will be available in the Events and Presentations section of Upwork's Investor Relations website at investors.upwork.com. A webcast archive will be available following the event for approximately 90 days at the same address. Please contact the financial institution hosting th
Achieves record first quarter with revenue of $192.7 million, GAAP net income of $37.7 million and adjusted EBITDA of $56.0 million, resulting in 20% profit margin and 29% adjusted EBITDA marginReiterates FY2025 revenue guidance and raises full-year adjusted EBITDA guidance PALO ALTO, Calif., May 05, 2025 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced its financial results for the first quarter of 2025. "Upwork is off to a strong start in 2025, delivering record first-quarter results ac
PALO ALTO, Calif., April 15, 2025 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced that it will report its financial results for the first quarter of 2025 on Monday, May 5, 2025 after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. A live webcast of the call will be available on the Upwork Investor Relations website at investors.upwork.com. An audio replay of the conference call will be available for one week following the call and will be archived via webcast on th
Achieves record revenue, GAAP net income1 and adjusted EBITDA2,3 for the fourth quarter and full year 2024Fourth-quarter revenue of $191.5 million and GAAP net income1 of $147.2 millionFourth-quarter adjusted EBITDA2,3 of $50.2 million or 26% adjusted EBITDA margin, Upwork's highest ever Full-year revenue of $769.3 million, GAAP net income1 of $215.6 million, and adjusted EBITDA2,3 of $167.6 million PALO ALTO, Calif., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced its financial results for the fourth quarter and full year of 2024. "2024 was a record y
PALO ALTO, Calif., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced that it will report its financial results for the fourth quarter and full year of 2024 on Wednesday, February 12, 2025 after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. A live webcast of the call will be available on the Upwork Investor Relations website at investors.upwork.com. An audio replay of the conference call will be available for one week following the call and will be arc
Achieves 10% year-over-year revenue growth, record GAAP net income of $27.8 million and adjusted EBITDA of $43.2 millionThird-quarter GAAP diluted EPS of $0.20Raises FY 2024 guidance for revenue and adjusted EBITDAEnters definitive agreement to acquire Objective to enhance core search and match offerings and strengthen AI talent benchAnnounces new $100 million share repurchase program authorization SAN FRANCISCO, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced its financial results for the third quarter of 2024. "Upwork continues to seize the treme
Approximately $60 million in annual cost savings advances Upwork toward 5-year profitability target Company expects to exceed revenue and adjusted EBITDA guidance for third quarter 2024 results SAN FRANCISCO, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK) ("Upwork" or the "Company"), the world's work marketplace that connects businesses with independent talent across the globe, today announced a more streamlined organizational structure and operational changes to continue the Company's profitable trajectory, increase efficiency, and accelerate innovation for its customers. "We are making ourselves a more streamlined and efficient organization, continuing our successful focu
SAN FRANCISCO, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced that it will report its financial results for the third quarter of 2024 on Wednesday, November 6, 2024 after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. A live webcast of the call will be available on the Upwork Investor Relations website at investors.upwork.com. An audio replay of the conference call will be available for one week following the call and will be archived via webcast on
Second-quarter GAAP Net Income of $22.2 million, Upwork's highest everSecond-quarter GAAP Diluted EPS of $0.17Second-quarter Adjusted EBITDA of $40.8 million SAN FRANCISCO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced its financial results for the second quarter of 2024. "We produced strong revenue growth of 15% year-over-year and our highest-ever net income amid a challenging and dynamic macroeconomic environment," said Hayden Brown, President and CEO, Upwork. "The strength of our model and our market leadership position enable us to continue o
SAN FRANCISCO, July 16, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced that it will report its financial results for the second quarter of 2024 on Wednesday, August 7, 2024 after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. A live webcast of the call will be available on the Upwork Investor Relations website at investors.upwork.com. An audio replay of the conference call will be available for one week following the call and will be archived via webcast on
First-quarter GAAP Net Income of $18.4 million First-quarter GAAP Diluted EPS of $0.13 First-quarter Adjusted EBITDA of $33.3 million Raises revenue and Adjusted EBITDA outlook for 2024 Establishes five-year Adjusted EBITDA margin target of 35% SAN FRANCISCO, May 01, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced its financial results for the first quarter of 2024. "We drove strong business momentum in the first quarter, delivering 19% year-over-year revenue growth and steadily increasing net income to $18.4 million and adjusted EBITDA
SAN FRANCISCO, Calif., April 17, 2024 (GLOBE NEWSWIRE) -- Upwork (NASDAQ:UPWK), the world's work marketplace that connects businesses with independent talent, today announced Upwork Partners, a new program for companies to establish partnerships with Upwork that highlight skilled independent professionals on Upwork to serve their customers' most pressing business needs, as well as connect freelancers with industry-leading tools that supercharge productivity and improve work quality. Initially, Upwork Partners encompasses three main partnership models: Upwork Partner Experts. Complex, specific work requires the exact right professional and skillset. Through the Upwork Partner Experts o
NEW YORK CITY, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Sesame, the company building a radically new healthcare system for uninsured Americans and those with high-deductible plans, today announced the appointment of Melissa Waters to its Board of Directors. Waters joins Sesame's board with more than 15 years of experience in advancing disruptive digital, consumer and marketplace brands, fostering high-performing teams and driving growth-oriented business outcomes. Presently, she holds the position of chief marketing officer at Upwork (NASDAQ:UPWK), the world's work marketplace that connects businesses with independent talent. Previously, Waters served as global vice president of marketi
Former Upwork Sales leader brings 20+ years of scaling tech businesses for high-growth to world's largest software marketplace G2, the world's largest and most trusted software marketplace, today announced it has appointed Eric Gilpin as Chief Revenue Officer (CRO). In this role, Gilpin will oversee all aspects of G2's revenue generation, including global sales and customer success, enablement, partnerships, and revenue operations. An experienced leader with 20+ years of experience building and scaling large technology businesses, Gilpin comes to G2 from Upwork, where he oversaw a global team of 400+ and helped lead the company to a successful IPO in 2018 (NASDAQ:UPWK) where the business
SAN FRANCISCO, Calif., May 22, 2023 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK), the world's work marketplace, today announced that it has appointed Zoë Diamadi as general manager (GM), Enterprise, effective June 29, 2023. In this role, Diamadi will oversee and evolve sales, product, engineering and operations within Upwork's Enterprise business unit. "The Enterprise Suite product is an integral part of Upwork's distinctive offering for larger customers and I am thrilled to welcome Zoë as our new Enterprise business leader," said Hayden Brown, president and CEO, Upwork. "Zoë brings more than two decades of experience as a go-to-market leader, strategist, engineer, management consultant
SAN FRANCISCO, March 28, 2023 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, as measured by gross services volume ("GSV"), today announced that Erica Gessert will join the company as chief financial officer (CFO), effective April 25, 2023. Gessert joins from PayPal (NASDAQ:PYPL), where she held a number of senior leadership roles since 2015, most recently including chief transformation officer reporting to the CEO, and senior vice president of finance & analytics. "We are thrilled to welcome Erica to Upwork and look forward to benefiting from her decades of leadership experience ac
Patrick Hedren to lead Upwork's efforts to influence global policy developments in ways that unleash economic opportunity and entrepreneurship Upwork (NASDAQ:UPWK), the world's work marketplace, today announced that Patrick Hedren has joined the company in the newly created role of vice president, global head of public policy and government relations. Hedren joins Upwork from the National Association of Manufacturers, one of the largest and most influential industry groups in the country, where he held senior leadership roles as deputy general counsel and as vice president overseeing the association's work on regulatory and employment policy. Prior to that, he served as senior counsel in
With over 20 years of human resources experience at GE, Stanley Black & Decker, FLIR Systems and more, Buffum's appointment will help unlock the work marketplace for enterprises Upwork (NASDAQ:UPWK), the world's work marketplace that connects businesses with independent talent, today announced the appointment of Anthony Buffum in the newly-created role of vice president of HR client strategy. As a key member of Upwork's senior-level executive client strategy team, Buffum will accelerate growth of current and prospective Upwork enterprise clients by solving HR challenges related to finance, procurement and talent transformation. "Anthony brings the real-world expertise and leadership exper
Seasoned cloud, mobile and artificial intelligence veteran joins Upwork to lead technology platform that powers the world's work marketplace Upwork (NASDAQ:UPWK), the world's work marketplace that connects businesses with independent talent, today announced that Saty Bahadur has joined the company as its new chief technology officer. Bahadur joins Upwork from Amazon, where he spent the last four years as a general manager, most recently leading the team responsible for preventing worldwide fraud and abuse on Amazon.com. Previously, he led the Alexa artificial intelligence group and built the platform on which all of Alexa runs. Prior to Amazon, Bahadur served in multiple engineering leade