Upwork Seeks 13%-15% Revenue CAGR, Plans $1.16B FY28 Revenue

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An analyst upgraded Upwork to Strong Buy, forecasting 13%-15% revenue CAGR and over 20% adjusted EBITDA CAGR through fiscal 2028. At its investor day, Upwork set FY28 targets of $1.16 billion revenue, $331 million adjusted EBITDA and a 29% margin.

1. Upgrade Signals Bullish Outlook With Aggressive Growth Targets

Analyst Gary Alexander has raised Upwork’s recommendation to Strong Buy, emphasizing the company’s strategic AI integrations and clear roadmap for business transformation. The firm now forecasts a 13%–15% compound annual revenue growth rate and more than 20% adjusted EBITDA CAGR through fiscal 2028. At its recent investor day, Upwork laid out concrete medium-term targets: achieving $1.16 billion in revenue, $331 million in adjusted EBITDA, and a 29% EBITDA margin by FY28. These targets reflect significant scaling potential driven by expanded AI-powered talent solutions and enterprise offerings under the Lifted platform.

2. FY25 Earnings Release and Investor Access

Upwork announced it will report fourth-quarter and full-year 2025 financial results on February 9, 2026, after market close, followed by a live Q&A conference call at 2:00 p.m. Pacific Time. Investors can join the webcast via the company’s Investor Relations website, with an audio replay available for one week and archived online for approximately one year. This scheduled disclosure offers a timely opportunity to assess performance trends in user engagement, marketplace transaction volumes, and the early impact of newly launched AI tools on revenue per customer.

Sources

SG