Upwork (UPWK)

• Market cap: $1.77B
• 1 day: -0.15%
• 5 days: -5.78%
• 1 month: -11.48%
• 3 months: -20.60%
• 6 months: 26.50%
• Year to date: -20.60%
• 1 year: 6.72%
• 5 years: 117.53%
• 10 years: -38.48%
• Sector: Information Technology
• Industry: Computer Processing & Data Preparation

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

129% more first-time investments, than exits

New positions opened: 64 | Existing positions closed: 28

80% more funds holding in top 10

Funds holding in top 10: 5 [Q3] → 9 (+4) [Q4]

64% more capital invested

Capital invested by funds: $1.09B [Q3] → $1.79B (+$699M) [Q4]

28% more call options, than puts

Call options by funds: $47.6M | Put options by funds: $37.1M

14% more funds holding

Funds holding: 218 [Q3] → 249 (+31) [Q4]

2.88% more ownership

Funds ownership: 78.86% [Q3] → 81.74% (+2.88%) [Q4]

3% more repeat investments, than reductions

Existing positions increased: 79 | Existing positions reduced: 77

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $15 15% upside
• Avg. target: $18.25 40% upside
• High target: $20 53% upside

8 analyst ratings

• positive: 5 63%
• neutral: 3 38%
• negative: 0 0%

Scotiabank Nat Schindler 25% 1-year accuracy 4 / 16 met price target	15% upside $15	Sector Perform Initiated	12 Mar 2025
Citizens Capital Markets Andrew Boone 43% 1-year accuracy 40 / 93 met price target	38% upside $18	Market Outperform Reiterated	10 Mar 2025
Roth MKM Rohit Kulkarni 56% 1-year accuracy 19 / 34 met price target	46% upside $19	Buy Maintained	13 Feb 2025
RBC Capital Brad Erickson 47% 1-year accuracy 28 / 59 met price target	38% upside $18	Sector Perform Maintained	13 Feb 2025
UBS Kunal Madhukar 0% 1-year accuracy 0 / 2 met price target	46% upside $19	Neutral Maintained	13 Feb 2025