Upwork Inc Intrinsic Value – Analysts Agree: Moderate Buy Rating for Upwork Stock
July 5, 2023
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Upwork Inc ($NASDAQ:UPWK). is an American freelancing platform that facilitates remote work. It allows businesses to find, hire, manage, and pay remote freelancers for projects of all size. The company’s stock has been making headlines recently as analysts have come to a consensus that it is a Moderate Buy. The seven ratings firms that are currently assessing Upwork Inc. have given a consensus recommendation of “Moderate Buy” for its shares. The rating is based on a variety of factors, including the company’s strong growth potential, financial strength, and solid management team.
Furthermore, Upwork Inc. has been able to take advantage of the recent shift towards remote work and freelancing, with more businesses relying on the platform to source talent. This has resulted in strong growth for Upwork Inc., which has seen its stock price appreciate significantly over the past year. Analysts are confident that Upwork Inc. can maintain its current momentum going forward, with the Moderate Buy rating helping to signal that the stock is an attractive option for investors. The company has outlined aggressive growth plans for the future, and many analysts are expecting Upwork Inc. to continue its impressive stock performance in the coming months and years.
Share Price
On Monday, analysts gave Upwork Inc. a moderate buy rating for its stock. The stock opened at $9.4 and closed at $9.1, representing a 2.2% decrease from the prior closing price of $9.3. This slight dip in the stock price is likely due to a variety of factors, such as investor sentiment and overall market conditions. Despite this recent downswing, analysts remain confident in the long-term prospects of Upwork Inc., as they believe the company is well-positioned to benefit from the rapid growth of digital labor and the gig economy.
They also consider Upwork Inc.’s robust balance sheet and strong customer relationships as factors that could help drive future growth. As such, analysts have given Upwork Inc a moderate buy rating, indicating that investors should buy the stock at current valuation levels. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Upwork Inc. More…
| Total Revenues | Net Income | Net Margin |
| 637.84 | -47.98 | -7.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Upwork Inc. More…
| Operations | Investing | Financing |
| 9.33 | 137.71 | -182 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Upwork Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 918.07 | 629.11 | 2.17 |
Key Ratios Snapshot
Some of the financial key ratios for Upwork Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 26.5% | – | -6.6% |
| FCF Margin | ROE | ROA |
| -0.1% | -9.8% | -2.9% |
Analysis – Upwork Inc Intrinsic Value
At GoodWhale, we have conducted an analysis of UPWORK INC‘s fundamentals. Our proprietary Valuation Line has calculated the fair value of UPWORK INC share to be around $35.0. We believe that this presents an ideal opportunity for investors to pick up a significant discount and benefit from the potential upside. On the other hand, given the current market conditions, it is important to be aware of the risks associated with investing in UPWORK INC and to understand the fundamentals of the company and its stock before making any investment decisions. More…
Peers
Some of Upwork’s main competitors include Kanzhun Ltd, LegalZoom.com Inc, and DHI Group Inc. While all these companies offer similar services, each has its own unique features that make it stand out in the market.
– Kanzhun Ltd ($NASDAQ:BZ)
Kanzhun Ltd is a Chinese internet company that offers a variety of services, including online recruitment, information technology, and e-commerce. As of 2022, the company has a market cap of 5.43 billion US dollars and a return on equity of 3.6%. Founded in 2003, Kanzhun Ltd is headquartered in Beijing, China.
– LegalZoom.com Inc ($NASDAQ:LZ)
Founded in 2001, LegalZoom is the nation’s leading provider of online legal solutions for individuals and small businesses. Our mission is to make legal simple, affordable, and accessible for everyone.
With over two million customers and more than 20,000 legal documents, we’ve helped people start their businesses, make their wills, and protect their families. We’re here to help you take care of the legal stuff so you can get back to what matters most.
LegalZoom has a market cap of 1.7B as of 2022, a Return on Equity of -34.4%. The company provides online legal solutions for individuals and small businesses.
– DHI Group Inc ($NYSE:DHX)
DHI Group, Inc. (DHI) is a provider of data and insights on the global technology, financial, and professional services industries. The Company’s products and services include Data, Insights, and Analytics, and Events and Training. DHI Group, Inc. is headquartered in New York, New York.
Summary
Upwork Inc. is a publicly traded company that provides a platform for freelancers to connect with businesses. According to recent investing analysis, Upwork Inc. has received a “Moderate Buy” consensus recommendation from seven ratings firms. This moderate buy rating suggests that investors are likely to see medium-term appreciation of the company’s stock. These factors make Upwork Inc. an attractive investment option for those looking for medium-term returns.
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