Ratings for Upwork UPWK were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 1 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts have set 12-month price targets for Upwork, revealing an average target of $18.5, a high estimate of $20.00, and a low estimate of $16.00. This current average has increased by 15.62% from the previous average price target of $16.00.
Diving into Analyst Ratings: An In-Depth Exploration
The perception of Upwork by financial experts is analyzed through recent analyst actions. The following summary presents 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 | Raises | Sector Perform | $18.00 | $17.00 |
| Bernie McTernan | Needham | Raises | Buy | $20.00 | $18.00 |
| Andrew Boone | JMP Securities | Maintains | Market Outperform | $16.00 | - |
| Brent Thill | Jefferies | Raises | Buy | $20.00 | $13.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Upwork. This information offers a snapshot of how analysts perceive 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: Gaining insights, analysts provide estimates for the future value of Upwork's stock. This comparison reveals trends 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.
Unveiling the Story Behind Upwork
Upwork Inc is a United States-based company that operates an online marketplace that enables businesses to find and work with highly-skilled independent professionals. The 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.
Upwork: Delving into Financials
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Positive Revenue Trend: Examining Upwork's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 10.77% as of 30 September, 2023, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out 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 9.3%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Upwork's ROE excels beyond industry benchmarks, reaching 5.03%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Upwork's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.73%, the company showcases efficient use of assets and strong financial health.
Debt Management: Upwork's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.08.
The Core of Analyst Ratings: What Every Investor Should Know
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 publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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