
Upwork Inc (UPWK) Stock Forecast & Price Target
Upwork Inc (UPWK) Analyst Ratings
Bulls say
Upwork Inc. demonstrated a robust financial performance in 2024, with revenue growth driven by significant increases in its Ads & Monetization tools, which surged 51% year-over-year, reflecting heightened marketplace efficiency and better monetization strategies. The marketplace take rate increased to 18.1% in Q4 2024, up from 15.9% the previous year, attributable to effective pricing improvements and expansion of advertising offerings, indicating strong operational leverage. Additionally, the company achieved a revenue growth of 4% year-over-year that exceeded street expectations, largely propelled by its growing enterprise segment and an impressive 60% increase in AI-related job postings, suggesting strong underlying demand and structural growth opportunities.
Bears say
Upwork Inc. has experienced a significant decline in its active client base, decreasing from 851,000 at the end of 2023 to 832,000 at the end of 2024, reflecting a deceleration in client acquisition and top-of-funnel weakness. Additionally, the company reported a 3.5% decline in gross services value (GSV) during the fourth quarter, a concerning trend that aligns with broader macroeconomic headwinds impacting growth. Furthermore, a downturn in software development job postings in the U.S., coupled with a weakening demand for freelance services, poses substantial risks to Upwork’s revenue potential and market competitiveness.
This aggregate rating is based on analysts' research of Upwork Inc and is not a guaranteed prediction by Public.com or investment advice.
Upwork Inc (UPWK) Analyst Forecast & Price Prediction
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