Summary
Upwork: Strong Profitability And AI Growth Help Offset Shakier Guidance (Downgrade)
Upwork has seen its shares nearly halve amid a broad AI-driven market correction, despite previously strong momentum from its 2025 investor day. UPWK's 2026 revenue guidance of $835–$850 million (6%–8% growth) is well below its prior 13%–15% CAGR target, raising execution risk. Valuation is compelling: UPWK trades at just 5.4x EV/FY26 adjusted EBITDA, and a $300 million buyback (~20% of market cap) is underway.
Is Upwork (UPWK) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Upwork's Path To $20: Recovery Or Pipe Dream?
Upwork (UPWK) stock experienced a decline of 19% over the last day and is presently priced at $15.21. Our multi-factor analysis indicates it might be the right time to purchase additional shares of UPWK stock.
Upwork Inc. (UPWK) FAQ
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Upwork Inc. Profile
| Professional Services Industry | Industrials Sector | Dave Bottoms CEO | NASDAQ (NGS) Exchange | 91688F104 CUSIP |
| US Country | 600 Employees | - Last Dividend | - Last Split | 3 Oct 2018 IPO Date |
Overview
Upwork Inc., together with its subsidiaries, has established itself as a pioneering force in the gig economy by operating a work marketplace that efficiently connects businesses with a broad spectrum of independent professionals and agencies across the globe. With a focus on key regions such as the United States, India, and the Philippines, Upwork's work marketplace offers an extensive array of talent across various skill sets and industries. These include sales and marketing, customer service, data science and analytics, design and creative roles, as well as web, mobile, and software development. The platform is designed to facilitate streamlined workflow processes for clients, encompassing talent sourcing, outreach, and contracting, thereby enhancing the efficiency of engaging remote talent. Furthermore, it supports remote engagements through functionalities such as communication and collaboration tools, the processing of talent invoices, and payment protection mechanisms. Upwork's evolution from Elance-oDesk, Inc. to Upwork Inc. in May 2015, coupled with its inception in 2013 and headquarters location in San Francisco, California, marks its trajectory as a leader in the work marketplace domain.
Products and Services
Upwork Inc. offers a variety of marketplace offerings tailored to meet the diverse needs of its clients and talent. These offerings encompass:
- Upwork Basic: This service provides a fundamental platform for clients to connect with freelancers, offering access to a wide-ranging talent pool across various sectors.
- Upwork Plus: An enhanced version of Upwork's platform, Upwork Plus offers additional features and support designed to optimize the hiring process for clients, providing benefits such as dedicated account management.
- Upwork Enterprise: This solution is tailored for larger organizations requiring a comprehensive suite of features for sourcing, contracting, and managing freelance talent at scale, including custom billing and reporting functionalities.
- Upwork Payroll: Upwork Payroll accommodates businesses seeking to engage freelancers and independent contractors while effectively managing compliance and payroll functions, thus streamlining the administrative burden associated with freelance engagements.
- Managed Services: For clients seeking a more hands-off approach, Upwork offers managed services where Upwork's team takes over various aspects of project management and freelancer oversight, enabling clients to focus on core business functions.
- Internet Escrow Agency Services: To enhance trust and security on the platform, Upwork provides escrow services, ensuring that payments are securely held and only released upon satisfactory completion of work, safeguarding the interests of both clients and freelancers alike.
