Weekly Research Analysts’ Ratings Updates for Upwork (UPWK)

Several analysts have recently updated their ratings and price targets for Upwork (NASDAQ: UPWK):

• 11/5/2025 – Upwork had its “buy” rating reaffirmed by analysts at Roth Capital. They now have a $22.00 price target on the stock, up previously from $19.00.
• 11/4/2025 – Upwork had its price target raised by analysts at The Goldman Sachs Group, Inc. from $24.00 to $25.00. They now have a “buy” rating on the stock.
• 11/4/2025 – Upwork had its price target raised by analysts at UBS Group AG from $21.00 to $23.00. They now have a “buy” rating on the stock.
• 11/4/2025 – Upwork had its price target raised by analysts at Scotiabank from $15.00 to $17.00. They now have a “sector perform” rating on the stock.
• 11/4/2025 – Upwork had its “neutral” rating reaffirmed by analysts at Citigroup Inc.. They now have a $19.00 price target on the stock, up previously from $16.00.
• 11/4/2025 – Upwork had its “buy” rating reaffirmed by analysts at Jefferies Financial Group Inc.. They now have a $22.00 price target on the stock.
• 11/4/2025 – Upwork had its price target raised by analysts at Royal Bank Of Canada from $18.00 to $21.00. They now have a “sector perform” rating on the stock.
• 11/4/2025 – Upwork had its price target raised by analysts at Needham & Company LLC from $19.00 to $25.00. They now have a “buy” rating on the stock.
• 10/28/2025 – Upwork was given a new $21.00 price target on by analysts at UBS Group AG. They now have a “buy” rating on the stock.
• 10/28/2025 – Upwork was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating. They now have a $21.00 price target on the stock.
• 10/8/2025 – Upwork had its “hold (c+)” rating reaffirmed by analysts at Weiss Ratings.
• 9/28/2025 – Upwork was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating.
• 9/27/2025 – Upwork had its “hold (c+)” rating reaffirmed by analysts at Weiss Ratings.
• 9/24/2025 – Upwork had its “outperform” rating reaffirmed by analysts at Citigroup Inc..
• 9/24/2025 – Upwork had its price target raised by analysts at JMP Securities from $20.00 to $27.00. They now have a “market outperform” rating on the stock.
• 9/23/2025 – Upwork had its price target raised by analysts at UBS Group AG from $16.00 to $21.00. They now have a “neutral” rating on the stock.
• 9/20/2025 – Upwork was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating.

Insider Activity

In related news, insider Dave Bottoms sold 10,014 shares of the firm’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $19.96, for a total value of $199,879.44. Following the completion of the transaction, the insider directly owned 345 shares of the company’s stock, valued at approximately $6,886.20. This trade represents a 96.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Hayden Brown sold 20,000 shares of the company’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $20.00, for a total transaction of $400,000.00. Following the sale, the chief executive officer directly owned 1,082,358 shares in the company, valued at $21,647,160. This trade represents a 1.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 111,982 shares of company stock valued at $2,144,222. 7.60% of the stock is owned by insiders.

Upwork Inc, together with its subsidiaries, operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company’s work marketplace provides access to talent with various skills across a range of categories, including administrative support, sales and marketing, design and creative, and customer service, as well as web, mobile, and software development.