
Upwork Inc (UPWK) Stock Forecast & Price Target
Upwork Inc (UPWK) Analyst Ratings
Bulls say
Upwork Inc. demonstrated robust financial growth with a 51% year-over-year increase in Ads & Monetization revenue for 2024, reflecting improved marketplace efficiency and expansion of take rates. The company's marketplace take rate also rose to 18.1% in Q4 2024, up from 15.9% in Q4 2023, driven by pricing enhancements and the successful rollout of advertising and managed services. Additionally, Upwork's revenue outperformed market expectations by 6.2%, supported by thriving enterprise segment growth and a significant rise in AI-related job postings, which increased by 60% year-over-year.
Bears say
Upwork Inc. experienced a year-over-year decline in active clients, dropping to 832,000 at the end of 2024 from 851,000 in 2023, indicating a slowdown in client acquisition. The company's gross service volume (GSV) also declined by 3.5% in the fourth quarter and 3% for the full year, reflecting persistent macroeconomic headwinds and soft hiring demand, particularly in the tech sector. Additionally, management’s lowered EBITDA outlook and slowing growth in active buyer additions and spending further suggest challenges in sustaining revenue growth and maintaining investor confidence in the stock's future performance.
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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