Upwork's Business Plus plan attracting larger clients and showing potential growth.

From Nasdaq: 2025-06-24 10:06:00

Upwork’s Business Plus plan is gaining traction with larger clients, doubling the number of active clients in the last quarter. The plan offers smoother hiring processes and is attracting new customers, showcasing a clear need. Upwork aims to improve and expand Business Plus to cater to mid-to-large clients directly on its platform.

While Upwork’s Enterprise business is in transition, Business Plus is attracting larger, higher-value clients successfully. Fiverr is also targeting bigger projects with Fiverr Pro, while Microsoft’s LinkedIn offers tailored sourcing tools for enterprise clients. Upwork, Fiverr, and LinkedIn are all enhancing their enterprise offerings to cater to bigger clients effectively.

Upwork’s stock has declined 20% year-to-date, compared to the industry’s 10% drop, but it still has potential. With a forward price-to-sales ratio of 2.25, lower than the industry average, Upwork is positioned for growth. The company currently holds a Zacks Rank #1 (Strong Buy) and has a VGM Score of B, indicating a strong investment opportunity.

Investors should keep an eye on Upwork’s potential growth with Business Plus, as it could bring in steady revenue from larger clients over time. With a Zacks Rank #1 and strong earnings growth, Upwork is poised to capitalize on the increasing demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to grow significantly in the coming years, presenting a lucrative opportunity for Upwork to expand its market share.



Read more at Nasdaq: Will Business Plus Become Upwork’s Next Big Growth Engine?