Upwork Inc. (NASDAQ:UPWK) Receives $13.05 Average Price Target from Analysts

Posted by on Sep 21st, 2026

Upwork Inc. (NASDAQ:UPWK – Get Free Report) has earned an average rating of “Hold” from the thirteen brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $13.05.

UPWK has been the subject of several research reports. Royal Bank Of Canada reduced their target price on shares of Upwork from $9.00 to $8.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 11th. Scotiabank lowered their price target on Upwork from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 11th. Canaccord Genuity Group cut their price target on Upwork from $10.00 to $9.00 and set a “hold” rating for the company in a report on Wednesday, August 12th. UBS Group reduced their price objective on Upwork from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, August 14th. Finally, Needham & Company LLC decreased their price objective on Upwork from $15.00 to $11.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th.

Read Our Latest Report on UPWK

Insiders Place Their Bets

In other Upwork news, CEO Hayden Brown sold 73,241 shares of Upwork stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $8.43, for a total transaction of $617,421.63. Following the sale, the chief executive officer owned 771,076 shares in the company, valued at $6,500,170.68. The trade was a 8.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Erica Gessert sold 22,844 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $8.43, for a total transaction of $192,574.92. Following the completion of the sale, the chief financial officer directly owned 364,789 shares in the company, valued at $3,075,171.27. This trade represents a 5.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 98,607 shares of company stock valued at $831,609 over the last 90 days. 4.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Upwork

Institutional investors have recently made changes to their positions in the business. Tidal Investments LLC bought a new stake in Upwork in the second quarter valued at about $529,000. Engineers Gate Manager LP lifted its stake in Upwork by 95.3% during the second quarter. Engineers Gate Manager LP now owns 300,566 shares of the company’s stock worth $2,513,000 after purchasing an additional 146,666 shares during the period. Integrated Wealth Concepts LLC bought a new position in Upwork during the second quarter worth about $91,000. Squarepoint Ops LLC boosted its holdings in Upwork by 169.2% during the second quarter. Squarepoint Ops LLC now owns 737,234 shares of the company’s stock valued at $6,163,000 after purchasing an additional 463,348 shares in the last quarter. Finally, Amundi boosted its holdings in Upwork by 58.6% during the second quarter. Amundi now owns 107,144 shares of the company’s stock valued at $896,000 after purchasing an additional 39,592 shares in the last quarter. 77.71% of the stock is currently owned by institutional investors and hedge funds.

Upwork Stock Performance

Shares of Upwork stock opened at $8.35 on Friday. Upwork has a 1 year low of $7.44 and a 1 year high of $22.84. The company’s fifty day simple moving average is $8.93 and its 200-day simple moving average is $9.60. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 10.84 and a beta of 1.01.

Upwork (NASDAQ:UPWK – Get Free Report) last released its earnings results on Monday, August 10th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. Upwork had a net margin of 12.94% and a return on equity of 16.70%. The firm had revenue of $191.66 million during the quarter. During the same quarter in the previous year, the company earned $0.35 earnings per share. Upwork’s revenue for the quarter was down 1.7% compared to the same quarter last year. Upwork has set its FY 2026 guidance at 1.380-1.430 EPS and its Q3 2026 guidance at 0.310-0.330 EPS.

Upwork Company Profile

(Get Free Report)

Upwork Inc operates a global online work marketplace that connects businesses with independent professionals and agencies. The platform supports a wide range of services, including software development, design and creative work, marketing, writing and translation, consulting, customer support, and administrative services.

Through its marketplace, Upwork enables businesses to find talent, post projects, manage engagements, collaborate remotely, and process payments. The company also offers solutions designed for larger organizations, including tools for sourcing, onboarding, managing, and paying independent professionals at scale.

Upwork was formed through the 2014 merger of Elance and oDesk and adopted the Upwork name in 2015.

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Analyst Recommendations for Upwork (NASDAQ:UPWK)

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