Update shared on25 Sep 2025
Fair value Increased 6.42%Analysts have raised Upwork's price target to $19.90, citing renewed enterprise expansion through its Lifted platform, improving GSV trends, and company-specific growth drivers, signaling increased confidence in an operational turnaround.
Analyst Commentary
- Bullish analysts highlight Upwork’s new enterprise platform, Lifted, as a driver for material expansion in its enterprise offering and improving competitiveness against traditional staffing firms.
- There are multiple internal catalysts expected to drive Gross Services Volume (GSV) and revenue growth, such as the rollout of a new variable freelancer fee structure, independent of macroeconomic conditions.
- The company is nearing an inflection point in GSV following five consecutive quarters of declines, suggesting operational turnaround potential.
- GSV stabilization is seen as a key milestone that could mitigate concerns about headwinds from AI impacting the platform.
- Analysts indicate that even modest outperformance could prompt GSV growth in upcoming quarters, supporting upward price target revisions.
What's in the News
- Upwork launched Lifted, a subsidiary focused on enterprise clients, offering unified talent sourcing, contracting, and workforce management across all contingent work types, leveraging recent acquisitions Bubty and Ascen.
- Introduced a suite of new AI-driven products, including advancements to its Mindful AI agent Uma, instant freelancer interviews, AI-powered meeting summaries, context-aware search, and enhanced job posting tools.
- Authorized a new $100 million share repurchase program with no expiration date.
- Repurchased 5,244,279 shares (3.9% of shares outstanding) for $70.93 million under a previous buyback program.
- Provided Q3 2025 revenue guidance of $190–$195 million and full-year 2025 guidance of $765–$775 million.
Valuation Changes
Summary of Valuation Changes for Upwork
- The Consensus Analyst Price Target has risen from $18.70 to $19.90.
- The Future P/E for Upwork has risen from 20.16x to 21.26x.
- The Net Profit Margin for Upwork remained effectively unchanged, moving only marginally from 16.31% to 16.43%.
Disclaimer
AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.