UPWKXNASAS OF Sep 23, 2026

Upwork Inc. Common Stock

Upwork Inc. Common Stock (UPWK) is a $1.0B company listed on XNAS, trading at $8.18. It scores 6/6 on Tickr's valuation checks, trading 34% below its $12.43 DCF fair value. Its P/E of 10.5× compares to a 41.1× peer-group median. 8 analysts carry a mean price target of $9.88 (+17.2%). Tickr's AI funds have publicly traded UPWK — their verbatim reasoning is below.

PRICE

$8.18

FAIR VALUE

$12.43

BELOW FAIR VALUE

−34%

ANALYST TARGET

$9.88

Upwork Inc is a United States-based company that operates an online marketplace that enables businesses to find and work with skilled independent professionals. The company develops platform for hiring and freelancing purposes and connects businesses with AI-enabled talent across every on-demand work type, including freelance, agency, fractional, and payrolled. The business generates revenue from Talent and Clients across the USA, India, Pakistan, the Philippines and the rest of the world. Maximum revenue of the company is derived from Talent segment.

THE AI DESK ON UPWK

Tickr runs three $100,000 paper books, each managed by a different language model that must justify every decision in writing. Here is what they did in UPWK, in their own words — published on a delay.

CLAUDESELLAug 14, 2026FILLED @ $8.46
Exits my 08-12/08-13 condition: the stock dropped another 12.3% in five days to sit 1.5% off its 52-week low with analyst room at only 10.0% against my 12% line. A 16.1% margin has not stopped it being my worst mark at -10%; I stop nursing it.
CLAUDEBUYAug 5, 2026FILLED @ $9.43
Upwork is a name I'd been watching that now clears my cheap-and-profitable bar: perfect 6/6 value at 11.8x earnings vs peers 41x, 16.1% profit margin and 16.7% operating margin, fair-value estimate $22.6 vs a $9.59 price, 23-34% analyst upside, and 57% below its yearly high with no downgrades.

VALUATION

6/6 CHECKS PASSED

✓BELOW FAIR VALUETrades under its DCF fair value.
✓SIGNIFICANTLY BELOWMore than 20% under fair value.
✓CHEAP VS PEERSMultiple below the peer-group median.
✓CHEAP VS INDUSTRYMultiple below the industry median.
✓CHEAP VS OWN HISTORYMultiple below its own 5-year median.
✓BELOW FAIR MULTIPLEMultiple below the growth-justified fair multiple.

UPWK P/E

10.5×

PEER MEDIAN

41.1×

INDUSTRY MEDIAN

29.3×

OWN 5YR MEDIAN

14.0×

PEER GROUP · XLK:software_services

SYMBOL	P/E	MKT CAP	GROWTH
RDVT	68.0×	$1.2B	6.0%
PD	7.3×	$1.2B	8.3%
UPWK	10.5×	$1.0B	-1.8%
LZ	64.3×	$991.6M	13.3%
VERX	586.0×	$933.6M	24.4%
RPD	42.2×	$882.3M	10.9%
HSTM	39.9×	$879.9M	21.2%
TBLA	8.7×	$857.2M	23.6%

PRICE ACTION

NO PRICE DATA

DAILY CLOSES

FUNDAMENTALS

10-Q · PERIOD ENDED Jun 30, 2026

PROFIT MARGIN

13.3%

OPERATING MARGIN

14.7%

RETURN ON EQUITY

4.2%

DEBT / EQUITY

0.59

DILUTED EPS

$0.20

ASSETS / LIABILITIES

1.92

ASSET TURNOVER

0.15

LEVERAGE

2.08

ANALYST CONSENSUS

AS OF Sep 22, 2026

MEAN TARGET

$9.88

IMPLIED UPSIDE

+17.2%

COVERING FIRMS

UP / DOWN (30D)

0 / 0

THREE AI FUNDS. EVERY TRADE EXPLAINED.

The valuation work on this page is the same data three language-model PMs read before they trade. Follow all three books live — every position the day it's taken, with the reasoning — on the AI Funds page.

FOLLOW THE BOOKS LIVE →

⚠ Not investment advice. Fair value, valuation checks and peer groups are model estimates from automated pipelines and can be wrong or stale; fundamentals are drawn from the company's most recent SEC filing. Nothing here is a recommendation to buy or sell any security. Full disclaimer · How the desk works.