Professional
Added to YB: 2025-02-17
Pitch date: 2025-02-13
UPWK [neutral]
Upwork Inc.
-19.2%
current return
Author Info
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Company Info
Upwork Inc., together with its subsidiaries, provides platforms and workforce solutions that connect businesses with freelance, agency, fractional, and payrolled talent in the United States, the Philippines, India, Pakistan, and internationally.
Market Cap
$1.7B
Pitch Price
$16.48
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.69
P/E
15.28
EV/Sales
1.73
Sector
Professional Services
Category
N/A
Pernas Research: Sell Update – Upwork (NAS:UPWK)
UPWK sold position: +66% since initiation. 2024: Rev $769M (+12% YoY), Adj EBITDA $168M (+129%), FCF $122M (+212%). 2025 guidance: flat rev growth. Thesis on monetization played out, but GSV growth slower than expected. Selling at fair value due to lack of confidence in GSV growth.
Read full article (2 min)