Recent Investment Analysts’ Ratings Updates for Upwork (UPWK)

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

• 11/3/2026 – Upwork had its price target raised by Scotiabank from $8.00 to $10.00. They now have a “sector perform” rating on the stock.
• 11/3/2026 – Upwork had its “neutral” rating reaffirmed by BTIG Research.
• 11/3/2026 – Upwork had its price target raised by Needham & Company LLC from $11.00 to $13.00. They now have a “buy” rating on the stock.
• 11/3/2026 – Upwork had its price target raised by UBS Group from $9.00 to $10.00. They now have a “neutral” rating on the stock.
• 11/3/2026 – Upwork had its “sector perform” rating reaffirmed by Royal Bank Of Canada. They now have a $8.00 price target on the stock.
• 10/27/2026 – Upwork had its “sell (d+)” rating reaffirmed by Weiss Ratings.

Upwork Trading Up 0.4%

Shares of UPWK traded up $0.04 during trading hours on Wednesday, hitting $9.78. The company had a trading volume of 2,455,511 shares, compared to its average volume of 3,570,687. The company has a market capitalization of $1.23 billion, a PE ratio of 12.07 and a beta of 1.03. Upwork Inc. has a one year low of $7.44 and a one year high of $22.84. The company’s fifty day moving average price is $8.80 and its two-hundred day moving average price is $10.35.

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

Insiders Place Their Bets

In other news, COO Anthony Kappus sold 45,732 shares of the firm’s stock in a transaction on Friday, September 18th. The stock was sold at an average price of $8.45, for a total value of $386,435.40. Following the completion of the sale, the chief operating officer owned 76,342 shares of the company’s stock, valued at $645,089.90. This trade represents a 37.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $8.43, for a total value of $192,574.92. Following the completion of the sale, the chief financial officer directly owned 364,789 shares of the company’s stock, valued at $3,075,171.27. The trade was a 5.89% decrease in their position. The SEC filing for this sale provides additional information. 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 operates an online marketplace that connects businesses with independent professionals and agencies for contract and project-based work. The platform supports hiring across areas such as software development, design, marketing, writing, customer service and consulting. Its services include the Talent Marketplace, where clients can find and hire professionals, and Project Catalog, which offers predefined services with set scopes. Upwork also provides solutions for larger organizations seeking to source and manage freelance talent.