In a report released today, Bernie McTernan from Needham reiterated a Buy rating on Upwork (UPWK – Research Report), with a price target of $19.00.
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Bernie McTernan has given his Buy rating due to a combination of factors surrounding Upwork’s financial performance and strategic focus. He notes that the company’s fourth-quarter results exceeded expectations and its guidance for 2025 aligns with consensus, indicating a strong future outlook. Despite a predicted challenging macroeconomic environment in 2025, McTernan recognizes Upwork’s strategic initiatives in AI, Enterprise, and Ads & monetization as key areas for potential growth.
Additionally, McTernan highlights Upwork’s ability to achieve an 8% growth in adjusted EBITDA, driven by a 250 basis points margin expansion, as a significant strength. This financial resilience, combined with strategic investments, positions Upwork well for a return to growth in 2026 and beyond, supporting his Buy rating for the stock.
According to TipRanks, McTernan is a 4-star analyst with an average return of 5.1% and a 50.68% success rate. McTernan covers the Consumer Cyclical sector, focusing on stocks such as Super Group (SGHC), Chewy, and Peloton Interactive.
In another report released today, Roth MKM also reiterated a Buy rating on the stock with a $19.00 price target.