Upwork’s Strategic Embrace of AI Could Push the Stock to $25, According to Experts!

From a valuation perspective, Upwork’s stock looks undervalued relative to peers and its own history. At around $13–$14 per share in mid-2025, Upwork’s market capitalization is roughly $1.8 billion. With 2024 revenues around ~$620M and 2025 expected to approach ~$740M (approx. 20% YoY growth if momentum continues), the stock trades at about 2.2–2.5 times forward sales. As Zacks noted, this P/S of ~2.3 is well below the industry average and Upwork’s 5-year historical average. For context, during the 2020-21 boom, Upwork traded at 10x+ sales; even Fiverr, which has slower growth now, trades at a higher multiple. In terms of earnings, analysts project that with the new efficiency, Upwork could deliver ~$0.80–$1.00 in adjusted EPS for full-year 2025 (factoring in continued profitability each quarter). That puts the stock at ~14–16x forward earnings – again, very reasonable, especially compared to the broader market (the S&P 500 is ~19x forward earnings). In fact, Upwork’s trailing P/E as of July 2025 is around 7.8 (likely skewed by one strong quarter of earnings), but even on a normalized basis the valuation is not stretched.