Analysts' ratings for Upwork (NASDAQ:UPWK) over the last quarter vary from bullish to bearish, as provided by 8 analysts.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 1 | 3 | 0 | 0 |
| Last 30D | 2 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 1 | 2 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $18.25, with a high estimate of $22.00 and a low estimate of $15.00. This current average reflects an increase of 3.28% from the previous average price target of $17.67.
Interpreting Analyst Ratings: A Closer Look
A comprehensive examination of how financial experts perceive Upwork is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Brad Erickson | RBC Capital | Lowers | Sector Perform | $15.00 | $18.00 |
| Bernie McTernan | Needham | Maintains | Buy | $20.00 | - |
| Marvin Fong | BTIG | Announces | Buy | $16.00 | - |
| Andrew Boone | JMP Securities | Raises | Market Outperform | $17.00 | $16.00 |
| Eric Sheridan | Goldman Sachs | Raises | Buy | $22.00 | $20.00 |
| Kunal Madhukar | UBS | Raises | Neutral | $18.00 | $17.00 |
| Brad Erickson | RBC Capital | Raises | Sector Perform | $18.00 | $17.00 |
| Bernie McTernan | Needham | Raises | Buy | $20.00 | $18.00 |
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: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Upwork compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Upwork's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Upwork's market position. Stay informed and make well-informed decisions with our Ratings Table.
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Get to Know Upwork Better
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.
Financial Insights: Upwork
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Upwork's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 13.93%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Upwork's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 9.45%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Upwork's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 4.8%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Upwork's ROA excels beyond industry benchmarks, reaching 1.74%. This signifies efficient management of assets and strong financial health.
Debt Management: Upwork's debt-to-equity ratio is below the industry average at 0.97, reflecting a lower dependency on debt financing and a more conservative financial approach.
What Are Analyst Ratings?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.