UPWK
UpworkDNasdaq / Commercial & Professional Services
Last Price
At close
2026-06-02
Current thesis
The bull read is that Q1 still showed profitable execution: revenue was up 1%, adjusted EBITDA was $57.4 million, AI-related work and SMB metrics were strong, Marketplace take rate expanded, and management raised full-year adjusted EBITDA guidance. After the sharp selloff on May 7-8, 2026, a meaningful portion of the near-term disappointment appears reflected in the stock.
Posture
Defensive
Lead driver
Value
What changed
News driver: AI is coming for your job after all. These new announcements prove it..
What can break
Active clients were 784,000 in Q1 2026, leaving the current improvement skewed toward monetization and spend per client rather than a broad client-count recovery. [#8-K-2026-05-07]
Momentum
4
Value
70
Sentiment
53
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $10.50 · Bull $14.00 · Bear $7.00
Data freshness
Prices
As of 2026-06-02
Fundamentals
As of 2026-05-29 • Vendor: Data Vendor v1
Scores
As of 2026-06-02 • Model: HYBRID_IC_RP
AI Memo
As of 2026-05-08 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-06-02
Investment thesis
As of 2026-06-02
Supporting evidence
What
Grade D · Defensive
Confidence Medium · Net Neutral
Target $21.70
Why
Momentum4 · Δ7d +0.2
Value70 · Δ7d -0.7
Sentiment53 · Δ7d -4.3
So what
Weak posture (Net Neutral). Prioritize risk control and patience.
Lead driver: Value · See fundamentals
Momentum
4
34% active weight
Current posture
7d trendFlat
Δ7d
+0.2
Δ21d
-1.7
Value
70
32% active weight
Current posture
7d trendFlat
Δ7d
-0.7
Δ21d
-1.1
Sentiment
53
33% active weight
Current posture
7d trendSoftening
Δ7d
-4.3
Δ21d
+1.4
Why this grade
Composite grade D. Momentum 4.3 / Value 69.8 / Sentiment 53.2
Fundamentals (TTM)As of 2026-05-29
Fundamentals (TTM)
As of 2026-05-29
Market Cap
$1.09B
Beta
1.06
Shares Out
130.65M
P/E (TTM)
12.3
P/S (TTM)
3.45
P/FCF (TTM)
13.43
Rev YoY
+4.1%
EPS YoY
+5.4%
Gross Margin
+77.8%
Op Margin
+14.7%
Net Debt
-$264.17M
Current Ratio
1.44
As of 2026-06-02 • Updated nightlySource: Internal modelMethodology