Investment Analysts’ Recent Ratings Changes for Upwork (UPWK)

A number of research firms have changed their ratings and price targets for Upwork (NASDAQ: UPWK):

• 8/14/2026 – Upwork had its price target lowered by UBS Group AG from $10.00 to $9.00. They now have a “neutral” rating on the stock.
• 8/12/2026 – Upwork had its price target lowered by Canaccord Genuity Group Inc. from $10.00 to $9.00. They now have a “hold” rating on the stock.
• 8/11/2026 – Upwork had its price target lowered by Scotiabank from $10.00 to $8.00. They now have a “sector perform” rating on the stock.
• 8/11/2026 – Upwork was given a new $11.50 price target by The Goldman Sachs Group, Inc..
• 8/11/2026 – Upwork had its price target lowered by Needham & Company LLC from $15.00 to $11.00. They now have a “buy” rating on the stock.
• 8/11/2026 – Upwork had its price target lowered by Royal Bank Of Canada from $9.00 to $8.00. They now have a “sector perform” rating on the stock.
• 7/29/2026 – Upwork was downgraded by Weiss Ratings from “hold (c-)” to “sell (d+)”.

Insider Transactions at Upwork

In other Upwork news, CFO Erica Gessert sold 22,844 shares of Upwork stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $8.43, for a total value of $192,574.92. Following the transaction, the chief financial officer owned 364,789 shares in the company, valued at $3,075,171.27. The trade was a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Hayden Brown sold 73,241 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $8.43, for a total transaction of $617,421.63. Following the completion of the transaction, the chief executive officer owned 771,076 shares of the company’s stock, valued at $6,500,170.68. This represents a 8.67% decrease in their ownership of the stock. 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. In the last ninety days, insiders have sold 132,520 shares of company stock worth $1,108,000. 4.90% of the stock is owned by corporate insiders.

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.