PALO ALTO, Calif., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ:UPWK), the world's work marketplace that connects businesses with independent talent, today released its annual In-Demand Skills report, spotlighting the most sought-after skills across key work categories on its platform. The findings highlight a dual emphasis on advanced technical skills and human-centric roles, underscoring the evolving demands of a workforce shaped by emerging technologies, digital transformation, and global disrup ...

PALO ALTO, Calif., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world’s work marketplace that connects businesses with independent talent, today released its annual In-Demand Skills report, spotlighting the most sought-after skills across key work categories on its platform. The findings highlight a dual emphasis on advanced technical skills and human-centric roles, underscoring the evolving demands of a workforce shaped by emerging technologies, digital transformation, and global disru ...

SAN FRANCISCO, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world’s largest work marketplace that connects businesses with independent talent from across the globe, today announced that President and CEO Hayden Brown and CFO Erica Gessert will participate in a fireside chat at the 27th Annual Needham Growth Conference in New York, NY on Wednesday, January 15, 2025 at 8:45 a.m. PT/11:45 a.m. ET. A live webcast of the fireside chat will be available in the Events and Presentations section ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Upwork. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Upwork. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Core Insights - Upwork (UPWK) shares have increased by 12.5% over the past month, outperforming the Zacks Computer & Technology sector's growth of 5.9% and the Zacks Internet - Services industry's return of 7.4% [1] - The company's strong performance is attributed to its focus on AI-driven innovations, strategic acquisitions, and impactful partnerships [1] Product and Innovation - UPWK's innovative product portfolio, including the new Business Plus plan, allows larger clients to access advanced features at lower costs, bridging the gap between Marketplace and Enterprise offerings [2] - The platform's AI-powered Managed Services enhance its capability to meet enterprise demands [2] - AI innovation, particularly through proprietary tools like Mindful AI, Uma, has been a significant driver of Upwork's revenue growth [3] - Recent acquisitions, such as Headroom and Objective, have strengthened UPWK's AI capabilities and technology offerings [3] Partnerships - UPWK benefits from a diverse partner base, including platforms like Webflow, Smartsheet, and Bubble, which help expand its reach by providing pre-vetted experts [4] - Collaborations with emerging tech providers like Lettuce and Ocoya integrate Upwork's services into customer workflows [4] Financial Performance and Estimates - For Q4 2024, UPWK anticipates revenues between $178 million and $183 million, with non-GAAP diluted earnings expected between 24 cents and 26 cents per share [5] - For the full year 2024, UPWK projects revenues between $756 million and $761 million, indicating a 10% year-over-year growth at the midpoint, with non-GAAP diluted earnings expected between $1 and $1.02 per share [5] - The Zacks Consensus Estimate for Q4 revenues is $181.2 million, reflecting a year-over-year decline of 1.48%, while the earnings consensus is 23 cents per share, showing a 15% year-over-year growth [6] - The 2024 revenue consensus is $759.04 million, indicating a year-over-year growth of 10.14%, with earnings expected at 89 cents per share, reflecting a 71.15% year-over-year growth [7] - UPWK has consistently beaten the Zacks Consensus Estimate in the last four quarters, with an average surprise of 18.14% [7] Investment Outlook - Upwork's emphasis on AI, strategic acquisitions, and expanding partnerships highlights its potential for long-term growth [9] - The company holds a Zacks Rank 2 (Buy) and a Growth Score of A, indicating a strong investment opportunity [9]

SAN FRANCISCO, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world’s largest work marketplace that connects businesses with independent talent from across the globe, today announced that CFO Erica Gessert will participate in a fireside chat at the UBS Global Technology and AI Conference in Scottsdale, AZ on Tuesday, December 3, 2024 at 10:35 a.m. PT/1:35 p.m. ET. A live webcast of the fireside chat will be available in the Events and Presentations section of Upwork’s Investor Relations w ...

Upwork (UPWK) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this online freelance marketplace operator, should get reflected in its stock price. After all, empirical research shows a strong correlation b ...

Core Viewpoint - Upwork Inc. (UPWK) has reached a significant support level and is considered a potential investment opportunity due to a recent "golden cross" technical pattern, indicating a bullish breakout may be forthcoming [1][2] Technical Analysis - UPWK's 50-day simple moving average has recently crossed above its 200-day moving average, forming a "golden cross," which is a bullish signal for traders [1] - A successful golden cross event typically involves three stages: a price bottom, the shorter moving average crossing above the longer moving average, and the stock maintaining upward momentum [1] - UPWK shares have increased by 51.6% over the past four weeks, reinforcing the bullish outlook [1] Earnings Outlook - The earnings outlook for UPWK is positive, with two upward revisions in earnings estimates over the past 60 days and no downward revisions [2] - The Zacks Consensus Estimate for UPWK has also increased, further supporting the bullish case for the stock [2]

The company reported better-than-expected results for its third quarter.Shares of Upwork (UPWK -3.91%), the online employment marketplace, popped this week after the company reported sales and earnings that were better than Wall Street's consensus estimates and after management issued strong guidance for the full year.Upwork's shares were up 12% as of this writing, contributing to the stock's 30% gain over the past 12 months.Upwork impresses with latest quarterly results Investors were optimistic about Upwo ...