Upwork (NASDAQ:UPWK) Announces Q4 2026 Earnings Guidance

Upwork (NASDAQ:UPWK) issued an update on its fourth quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.300-0.320 for the period, compared to the consensus estimate of 0.350. The company issued revenue guidance of $169.0 million-$177.0 million, compared to the consensus revenue estimate of $174.7 million. Upwork also updated its FY 2026 guidance to 1.450-1.470 EPS.

Analysts Set New Price Targets

Several research firms recently issued reports on UPWK. Royal Bank Of Canada reissued a “sector perform” rating and issued a $8.00 target price on shares of Upwork in a report on Tuesday. Scotiabank lifted their price target on shares of Upwork from $8.00 to $10.00 and gave the company a “sector perform” rating in a report on Tuesday. Canaccord Genuity Group dropped their price target on shares of Upwork from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Wednesday, August 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of Upwork in a research note on Tuesday, October 27th. Finally, UBS Group lifted their target price on shares of Upwork from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Upwork presently has a consensus rating of “Hold” and an average price target of $13.55.

Upwork Stock Performance

Shares of NASDAQ UPWK opened at $10.33 on Thursday. The company has a market cap of $1.30 billion, a P/E ratio of 12.75 and a beta of 1.03. The firm’s fifty day moving average is $8.72 and its two-hundred day moving average is $10.55. Upwork has a 52-week low of $7.44 and a 52-week high of $22.84.

Upwork (NASDAQ:UPWK) last announced its quarterly earnings results on Monday, November 2nd. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.31 by $0.09. Upwork had a net margin of 13.53% and a return on equity of 16.92%. The business had revenue of $185.60 million for the quarter, compared to analysts’ expectations of $180.22 million.

Insider Transactions at Upwork

In other news, CEO Hayden Brown sold 23,893 shares of Upwork stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $8.45, for a total value of $201,895.85. Following the sale, the chief executive officer directly owned 793,593 shares of the company’s stock, valued at approximately $6,705,860.85. The trade was a 2.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Erica Gessert sold 9,336 shares of the business’s stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $8.45, for a total value of $78,889.20. Following the completion of the sale, the chief financial officer owned 373,586 shares in the company, valued at $3,156,801.70. This represents a 2.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 178,868 shares of company stock valued at $1,509,462. 4.90% of the stock is currently owned by insiders.

Upwork Company Profile

Upwork Inc operates a global work marketplace that connects businesses with independent professionals and agencies. Clients use the platform to find, evaluate, hire and manage talent for projects across areas such as software development, design, marketing, writing, consulting, customer support and administrative services.

The company provides tools for talent discovery, project collaboration, communications, time tracking, contract management and payments. Its offerings serve both individual clients and larger organizations, with features designed to support recurring engagements, contingent-work programs and enterprise talent management.

Upwork was formed in 2015 through the merger of Elance and oDesk, two online freelance-work platforms, and began trading publicly on the Nasdaq stock exchange in 2018.