Upwork (UPWK) – Research Analysts’ Recent Ratings Changes

Upwork (NASDAQ: UPWK) has recently received a number of price target changes and ratings updates:

• 5/12/2026 – Upwork was downgraded by Weiss Ratings from “hold (c)” to “hold (c-)”.
• 5/11/2026 – Upwork had its price target lowered by Royal Bank Of Canada from $20.00 to $9.00. They now have a “sector perform” rating on the stock.
• 5/9/2026 – Upwork was downgraded by Wall Street Zen from “buy” to “hold”.
• 5/8/2026 – Upwork had its price target lowered by Scotiabank from $15.00 to $10.00. They now have a “sector perform” rating on the stock.
• 5/8/2026 – Upwork was downgraded by Citigroup Inc. from “neutral” to “market perform”.
• 5/8/2026 – Upwork was downgraded by Canaccord Genuity Group Inc. from “buy” to “hold”. They now have a $10.00 price target on the stock, down from $22.00.
• 5/8/2026 – Upwork was downgraded by UBS Group AG from “buy” to “neutral”. They now have a $10.00 price target on the stock, down from $20.00.
• 5/8/2026 – Upwork was downgraded by Citizens Jmp from “outperform” to “market perform”.
• 5/8/2026 – Upwork was downgraded by Roth Mkm from “buy” to “neutral”. They now have a $10.00 price target on the stock.
• 5/8/2026 – Upwork had its price target lowered by Needham & Company LLC from $25.00 to $15.00. They now have a “buy” rating on the stock.

Insider Buying and Selling

In related news, CEO Hayden Brown sold 23,745 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $12.31, for a total transaction of $292,300.95. Following the completion of the sale, the chief executive officer directly owned 798,732 shares in the company, valued at approximately $9,832,390.92. This trade represents a 2.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dave Bottoms sold 7,000 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $11.49, for a total transaction of $80,430.00. Following the transaction, the insider directly owned 2,678 shares in the company, valued at $30,770.22. The trade was a 72.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 235,186 shares of company stock worth $3,156,199. Corporate insiders own 7.50% of the company’s stock.

Upwork Inc operates a leading online talent marketplace that connects businesses with independent professionals worldwide. Through its digital platform, the company enables clients across industries—including technology, marketing, creative services and customer support—to source, hire and manage freelance talent on demand. Key features of the Upwork platform include streamlined job posting, proposal evaluation, time-tracking tools, invoicing and secure payment processing, all designed to simplify collaboration between clients and remote workers.

The company traces its roots to the merger of two pioneering freelance marketplaces, Elance (founded in 1998) and oDesk (founded in 2003), which combined in 2015 to form a unified entity.