What is UPWK's 12-month stock price target?

Upwork Inc. (UPWK) carries a 12-month consensus base price target of $10.2 (+4.9% from $9.72), with a bull-case target of $23.98 and a bear-case floor of $7.96.

Stock Ratings / Technology / UPWK / forecast

LZ (59) PSQL (46) GDRX (58) CLVT (28) ⌘ Pro Terminal →

Upwork Inc. (UPWK) 12-Month Stock Forecast & Price Target Cone

Q: Is UPWK stock a Buy, Hold, or Sell right now?

Roarable's 5-Pillar RQD Quant Engine rates UPWK C+ (Hold — HOLD) with an RQD Confidence score of 69/100.

$9.72 +6.23% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $9.81

Upwork Inc. (UPWK) carries a Roarable Rating of C+ (Hold) with 69/100 RQD Confidence. The composite score sits in the neutral Hold band (59–69), meaning current holders don’t need to panic-sell while prospective buyers can wait for a move into the 70+ Buy zone.

ROARABLE C+ • HOLD / WATCH Cap $1.14B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is UPWK stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, Upwork Inc. (NASDAQ: UPWK) is rated C+ (Hold / HOLD) by Roarable's 5-pillar RQD engine with a composite confidence score of 69/100 at a spot price of $9.72 (+6.23% 1D, market cap $1.14B). Pillar breakdown: Fundamental Cash Engine 17/20, Institutional 13F & Options Flow 9/20, SEC Balance-Sheet Forensics 14/20, FRED Macro Regime Fit 11/20, and Executive Insider Alignment 18/20. Across 715 tracked Technology issuers, UPWK ranks #93 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does UPWK compare to LZ and PSQL in the Technology sector?

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Within the Technology sector (EDP Services), UPWK carries a Roarable C+ (69/100 RQD), trailing P/E of 9.9x, gross margin of 77.8%, and ROIC of 30.4%. By comparison, LZ (LegalZoom.com Inc.) holds a C- grade (59/100 RQD, P/E 73.7x, ROIC 34.7%, cap $1.15B) and PSQL (Pasqal Holding SA Ordinary Share) posts a D grade (46/100 RQD, P/E N/A, ROIC —, cap $1.11B). Among the 5-stock peer group, UPWK leads on earnings multiple (9.9x) while LZ leads on capital efficiency (34.7% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for UPWK?

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Per UPWK's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001627475), Upwork Inc. generated $787.8M in revenue (+2.4% YoY), $115.4M in net income, and $242.5M in free cash flow against $1.30B in total assets and $0 in total debt. Key quantitative strengths: Strong cash generator (77.8% gross margin)—profits are backed by real money, not accounting tricks. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $9.81 (+0.93%)🧬 Cannibal Buyback (-2.92% YoY Shares)⚙️ Cash Engine: 17/20 (A-) • 30.8% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 69/100 (C+) historically posted market-perform odds over rolling 90-day windows (+2.0% avg 90D alpha vs SPY • 57.3% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERHOLD / WATCH • C+

2-of-3 JEV AI Jury Bullish

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw B · Rk C

Each axis scored 0–20

12M PRICE TARGET CONE+4.9% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for UPWK)Realized 20D OHLCV Swing Band: ±7.1%

Deterministic 5-Pillar Attribution (69/100 Composite)

🔍 WHY UPWK SCORES 69/100 (C+) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Insider Conviction & Share Dilution+18/20 pts (26% of score)

SEC Form 4 / 13F Thermometer: 86% Net Buy • Cannibal Buyback (-2.92% YoY Shares)

▲ #2 Bullish Driver: Cash Engine Quality+17/20 pts (25% of score)

SEC XBRL FY 2025 (10-K): 30.8% FCF Margin ($242.5M FCF) & 77.8% Gross Margin

▼ #1 Drag / Risk Factor: Whale & Options Positioning9/20 pts (-11 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-11 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C$8.64+1.3% Next Q

Q2 (-2Q)

Grade C+$8.75+3.7% Next Q

Q3 (-1Q)

Grade B-$9.07+7.2% Next Q

Current

Grade C+$9.72+2% Hist 90D α

Trajectory: C (61) → C+ (69)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the UPWK Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 69/100 (C+) score, UPWK faces multiple-compression risk if 9.9x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Broader market pullbacks can still drag down strong stocks in the short run.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-2.92% YoY Shares) — any gross margin slip below 75.3% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($8.66) or 200D SMA ($10.50) invalidates the momentum regime and cuts Target Base ($10.20) toward Bear Floor ($7.96).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $UPWK• $4.8M Crowd Pool • Kalshi / Polymarket Composite

Contract: “UPWK Beats Next Quarterly Revenue & EPS Consensus + Hyperscaler AI CapEx Holds Record Pace”

YES 69%NO 31%Trade / Inspect Odds →

INTERACTIVE 12-MONTH POSITION SIMULATOR

Drag to Test Your UPWK Position Size: $10,000

Shares at $9.72: 1028.8 sh

$1,000$10,000$25,000$50,000$100,000

12M Bear Case FloorTarget $7.96

$8,189

$-1,811 (-18.1%)

12M Consensus BaseTarget $10.20

$10,494

+$494 (+4.9%)

12M Bull Case BreakoutTarget $23.98

$24,671

+$14,671 (+146.7%)

Wall Street Analyst Breakdown & Historical Accuracy Audit (28 Desks)

Street Historical Accuracy: 64/100

● Strong Buy / Buy: 17● Hold: 9● Sell: 2

Wall Street Firm	Stance	12M Target	1Y Accuracy	Track Grade
Morgan StanleyInstitutional Equity Desk	HOLD	$11	74%	A
Goldman SachsSector Coverage Lead	BUY	$23	69%	B
JP MorganUS Large-Cap Research	HOLD	$9	58%	C

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Quantitative Research Desk

Scheduled RQD Strong Buys & Whale Accumulation Briefing (UPWK Tape Review)

✓Breakdown of the highest-scoring RQD Green-Light breakouts across our 5,200+ rated universe
✓Forensic Red-Light accounting & dilution traps to review on your watchlist
✓Includes downloadable .ics calendar invite & nightly RQD rating-change email alerts

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UPWK // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -7.60%📐 HORIZONTAL RANGE

2026-11-03O $9.12H $9.72L $9.12C $9.72VOL 2.02M

RES: $10.57SUP: $7.74SMA50: $8.66SMA200: $10.50

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

UPWK Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 UPWK Butterfly Map → + Track UPWK →

Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle

-1.4%/yr Implied 5Y Growth

vs. +2.4% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on UPWK today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for UPWK. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for UPWK today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (UPWK)

Technology Rank #93 of 715 ⚔️ LZ vs UPWK Full Matrix →

1. Head-to-Head Technology Peer Comparison (UPWK vs. LZ, PSQL, GDRX, CLVT)

Industry: EDP Services (163 Tracked Issuers)

Across 715 tracked Technology securities in the Roarable RQD universe, Upwork Inc. (UPWK) ranks #93 by composite RQD confidence (69/100, grade C+) and #343 by equity capitalization ($1.14B). Within this direct 5-issuer industry benchmark cohort, UPWK leads on earnings valuation at 9.9x trailing P/E, while LZ leads on capital efficiency and profitability with 34.7% ROIC and 65.9% gross margin. UPWK currently leads its immediate peer cohort in composite quantitative strength at 69/100 (C+).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
UPWK ACTIVE Upwork Inc.	C+	69/100	9.9x	77.8%	30.4%	+6.23%	$1.14B	Benchmark Subject
LZ LegalZoom.com Inc.	C-	59/100	73.7x	65.9%	34.7%	+3.13%	$1.15B	/lz-vs-upwk →
PSQL Pasqal Holding SA Ordinary Share	D	46/100	—	—	—	+0.57%	$1.11B	/psql-vs-upwk →
GDRX GoodRx Holdings Inc. (Class A)	D+	58/100	39.7x	—	8.3%	+1.72%	$1.19B	/gdrx-vs-upwk →
CLVT Clarivate Plc	E	28/100	—	66.0%	1.3%	+0.61%	$1.06B	/clvt-vs-upwk →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001627475 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Upwork Inc. (UPWK) reported GAAP revenue of $787.8M (+2.4% vs. FY2024 revenue of $769.3M , and +14.3% cumulative change since FY2023) , GAAP net income of $115.4M, operating cash flow of $248.3M, and free cash flow of $242.5M (+61.6% YoY). On the balance sheet, UPWK closed FY2025 with $1.30B in total assets against $0 in total debt (Altman Z-Score: 2.27, Piotroski F-Score: 7/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$787.8M	$115.4M	$248.3M	$242.5M	$1.30B	$0
FY2024 (FY)	2024-12-31	$769.3M	$215.6M	$153.6M	$150.0M	$1.21B	$357.9M
FY2023 (FY)	2023-12-31	$689.1M	$46.9M	$52.7M	$52.7M	—	—

3. UPWK Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is UPWK stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does UPWK compare to LZ and PSQL in the Technology sector?

What are the biggest fundamental strengths and SEC risk factors for UPWK?

Where is UPWK trading relative to its 50-day, 200-day, and 52-week technical levels?

UPWK last traded at $9.72 (+6.23% on volume of 7,013,437 shares), positioning the stock +12.24% above its 50-day simple moving average ($8.66) and -7.43% below its 200-day simple moving average ($10.50). Across its 52-week range of $7.44 to $22.84, UPWK sits at the 14.8% percentile with a 14-day RSI of 58.2 (BULLISH MOMENTUM) and an implied next-earnings move of ±7.1% ($9.03 to $10.41).

Direct Sub-Reports: UPWK RQD Cockpit UPWK 12M Forecast UPWK Earnings & Move UPWK Dividends & DRIP UPWK Insiders & 13F UPWK Whale Options UPWK Profit Sankey UPWK News & Why

ROARABLE RATING BRIEF • RQD 69/100 (C+) ✓ SEC XBRL & RQD VERIFIED

UPWK — Upwork Inc.: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit

Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Upwork Inc. (UPWK) earns a live Roarable RQD composite score of 69/100, corresponding to a C+ letter grade (Roarable Hold) at a spot price of $9.72 (+6.23% 1D, market capitalization $1.14B).

Fundamental Cash Engine (17/20): Anchored by return on invested capital (ROIC) of 30.4%, gross margin of 77.8%, operating margin of 16.4%, and free cash flow yield of 21.29%.
Whale 13F & Options Flow (9/20) + Insider Conviction (18/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
Macro Regime Fit (11/20) + Forensic Balance Sheet (14/20): Incorporates a 1.00x equity beta, Altman Z-Score of 2.27, Piotroski F-Score of 7/9, and Debt/Equity of 0.00x.

2. Business Model, Unit Margins & SEC Financial Trajectory

Upwork Inc. Is a NASDAQ-listed issuer classified under the Technology sector and the EDP Services industry. Per the market data, the company reports a gross margin of 77.8%, indicating a high-margin revenue base. — for further business detail.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Upwork Inc. (UPWK) reported $787.8M in annual revenue (up from $769.3M in FY2024, +2.4% YoY) and $115.4M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($689.1M revenue, $46.9M net income) through FY2025, UPWK scaled operating cash flow to $248.3M and free cash flow to $242.5M, backed by $1.30B in total assets against $0 in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case (C+ • RQD 69/100): Strong cash generator (77.8% gross margin)—profits are backed by real money, not accounting tricks. Company leadership has skin in the game with net positive insider conviction. With Fundamental Cash Engine at 17/20 and Institutional Whale Flow at 9/20, sustained execution supports upside toward the upper end of the $7.44 – $22.84 52-week range.
🐻 Primary Bear Case & Valuation Risk: Broader market pullbacks can still drag down strong stocks in the short run. Investors must weigh 9.9x trailing P/E and 6.3x EV/EBITDA against 16.4% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Operating in EDP Services (Technology), UPWK carries a macro regime beta of 1.00 and gross margin of 77.8%.

Key Question #1: Can UPWK sustain or expand its 16.4% operating margin and 30.4% ROIC against EDP Services peers over the next 4 quarters?
Key Question #2: Following FY2025 revenue of $787.8M and free cash flow of $242.5M, how will capital allocation balance growth reinvestment against $0 in total debt?
Key Question #3: How sensitive is UPWK's 9.2x forward P/E multiple to Technology capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

UPWK Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Upwork Inc. (UPWK) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to UPWK Debate Forum (3) ↓

🟡 MARKET WIRE Yahoo Finance UK • 23h ago

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🟡 MARKET WIRE TradingView • 1d ago

Earnings to watch: Upwork (UPWK) reports Q3 results tomorrow

TradingView report covering Upwork Inc. (UPWK) market action, institutional positioning, and fundamental catalysts.

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🟡 MARKET WIRE Stock Titan • 1d ago

A 559-share sale is proposed by Upwork (NASDAQ: UPWK) officer Anthony Kappus.

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🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

UPWK Bull vs. Bear Conversation Board — What's Your Call at $9.72?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON UPWK 🐻 33% BEARISH CONVICTION

BR BreakoutHunter RQD DEBATE OPENER • Swing & Catalyst Trader 🐂 BULLISH 🎯 Target: $10.61 (+16.0%)

📌 Pinned Debate

Trading at 9.9x trailing P/E and 6.3x EV/EBITDA with a 21.29% FCF yield and 30.4% ROIC, the cash generation appears priced conservative

Picked up a starter position in UPWK in my $100K Virtual Cash book at $9.15. Trading at 9.9x trailing P/E and 6.3x EV/EBITDA with a 21.29% FCF yield and 30.4% ROIC, the cash generation appears priced conservatively.. Trading inside a $7.44–$22.84 52-week range with 21.29% FCF yield gives solid downside support if EDP Services multiples expand this quarter.

SectorRotator 🐂 BULL

@CreditSpread_Watch Fair point on 9.9x trailing P/E, but you're ignoring the forward operating leverage in EDP Services. If gross margin (77.8%) holds, EPS grows into the multiple faster than bears think.

CR CreditSpread_Watch RQD DEBATE OPENER • Balance Sheet Analyst 🐻 BEARISH 🎯 Target: $7.41 (-19.0%)

Spot @ $9.15

Institutional 13F flow scores only 9/20 and the stock's 52-week range of $7.44 - $22.84 shows steep price volatility despite a Beta of

Careful chasing UPWK at $9.15. Institutional 13F flow scores only 9/20 and the stock's 52-week range of $7.44 - $22.84 shows steep price volatility despite a Beta of 1.0.. Gross margin is 77.8%, but operating margin is 16.4%, which shows SG&A and reinvestment are eating into bottom-line EPS. Target $7.41 on multiple compression.