Upwork to Present at The Jefferies Software Conference
Upwork Inc. announced that its senior management will participate in a fireside chat at The Jefferies Software Conference on Thursday, May 28, 2026. The event will include a live webcast and an archived version available on Upwork's Investor Relations website. The company noted that material developments regarding its business or financial performance might be disclosed during the events.
Upwork Inc. Stock 12‑Month Price Target Cut to $12.44, Implies 44% Upside
Upwork Inc. (UPWK) has seen its average 12-month stock price target reduced by analysts from $12.94 to $12.44, with individual forecasts ranging from $9 to $18 per share. This new target, based on the May 20 closing price, suggests a potential upside of approximately 44%. Despite the target cut, the consensus rating from 10 covering analysts remains a "Buy," with 3 Buys and 7 Holds.
Upwork to Present at The Jefferies Software Conference
Upwork Inc. (Nasdaq: UPWK) announced that senior management will participate in a fireside chat at The Jefferies Software Conference on May 28, 2026, at 11:30 a.m. PT/2:30 p.m. ET. A live webcast will be available on Upwork's Investor Relations website. The company may disclose material developments during the event.
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Upwork Inc. - UPWK
Pomerantz LLP is investigating potential claims on behalf of investors of Upwork Inc. (NASDAQ: UPWK) concerning possible securities fraud or unlawful business practices by the company's officers and/or directors. This investigation follows Upwork's announcement of a decline in active clients and flat gross service volume for Q1 2026, attributed to accelerated AI adoption impacting low-end contracts, which led to a significant drop in its stock price. Investors are encouraged to contact Pomerantz LLP for more information.
Tax-driven share sale by Upwork (UPWK) CFO after RSU vesting
Upwork's CFO, Erica Gessert, sold 22,162 shares of common stock at a weighted average price of $8.6634 per share. This transaction was not discretionary but was required to cover tax withholding obligations arising from the vesting of 46,024 Restricted Stock Units (RSUs). Following these transactions, she directly holds 346,284 shares of common stock, in addition to further unvested RSU awards.
Securities Fraud Investigation Into Upwork Inc. (UPWK) Continues
Glancy Prongay Wolke & Rotter LLP is continuing its securities fraud investigation into Upwork Inc. (UPWK) after the company announced disappointing Q1 2026 financial results, including flat gross service volume, a decline in active clients, and reduced full-year revenue guidance. Upwork attributed these issues partially to the rapid pace of AI automation, leading to a significant drop in its stock price. The law firm is urging investors who lost money to contact them for potential claims.
Securities Fraud Investigation Into Upwork Inc. (UPWK) Continues – Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm
Glancy Prongay Wolke & Rotter LLP is continuing its securities fraud investigation into Upwork Inc. (UPWK) after the company announced flat gross service volume, a decline in active clients, and cut its full-year revenue guidance, citing AI automation as a "net headwind." This news caused Upwork's stock price to drop significantly by 16.9% on May 8, 2026, harming investors. Shareholders who lost money are encouraged to contact the firm to inquire about pursuing claims.
Securities Fraud Investigation Into Upwork Inc. (UPWK) Continues
The Law Offices of Frank R. Cruz is continuing its investigation into Upwork Inc. (UPWK) for potential violations of federal securities laws. This follows a significant drop in Upwork's stock price after the company reported flat gross service volume, a decline in active clients, and lowered full-year revenue guidance, attributing the negative impact to faster-than-expected AI automation. Investors who incurred losses are urged to contact the law firm to learn more about potentially recovering their losses.
Upwork (UPWK) CEO Hayden Brown sells shares, converts 46,822 RSUs
Upwork, Inc.'s CEO, Hayden Brown, recently engaged in significant stock transactions. On May 18, 2026, she sold a total of 72,546 shares of common stock, some of which were "sell to cover" transactions for tax withholding on vesting restricted stock units (RSUs), and one sale was executed under a pre-arranged Rule 10b5-1 plan. On the same day, Brown converted 46,822 RSUs into common stock, following quarterly vesting schedules tied to her continued employment.
Upwork (NASDAQ: UPWK) COO sells shares to cover RSU tax bill
Upwork COO Anthony Ray Kappus recently undertook a mandatory "sell to cover" transaction to fulfill tax obligations related to the vesting of his Restricted Stock Units (RSUs). He acquired 5,114 shares upon RSU conversion and subsequently sold 1,905 shares at a weighted average price of $8.6634 to cover the associated taxes, a non-discretionary event stipulated by Upwork's equity plan. Following these transactions, Kappus holds 3,209 common shares and 76,719 RSUs, with the latter vesting quarterly over four years.
FinancialContent - Upwork Inc. (UPWK) Shareholders Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
The Law Offices of Howard G. Smith are investigating Upwork Inc. (UPWK) after the company reported disappointing Q1 2026 financial results, including flat gross service volume and a decline in active clients. Upwork also cut its full-year revenue guidance, citing AI automation as a "net headwind." Following this news, Upwork's stock price dropped by 16.9%, leading to potential federal securities law violations and losses for investors.
Securities Fraud Investigation Into Upwork Inc. (UPWK) Continues – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
The Law Offices of Frank R. Cruz is continuing its investigation into Upwork Inc. (UPWK) for potential violations of federal securities laws. This follows a significant drop in Upwork's stock price on May 8, 2026, after the company announced disappointing Q1 2026 financial results, flat gross service volume, declining active clients, and a cut in full-year revenue guidance, attributing the negative impact to faster-than-expected AI automation. Shareholders who lost money are encouraged to contact the firm for potential claims.
UPWK Investor Alert: Levi & Korsinsky Investigates Upwork Inc. (UPWK) for Potential Securities Fraud
Levi & Korsinsky is investigating Upwork Inc. (UPWK) for potential securities fraud after its stock fell 19% following a Q1 2026 earnings miss and lowered guidance. The investigation focuses on whether the company made materially misleading statements regarding its financial performance, growth trajectory, and AI-related gross services volume, which diverged from actual results. Shareholders who suffered losses are encouraged to contact the firm for a free evaluation of their legal rights.
WeWork, Upwork CEOs Say AI Is Putting Major Pressure On Gen Z Hiring
WeWork CEO John Santora and Upwork CEO Hayden Brown assert that AI is intensifying pressure on entry-level hiring for Gen Z, with a notable shift towards freelance work and demand for AI-skilled professionals. While Santora highlights the need for training younger talent in "soft skills" that AI cannot replicate, Brown warns against "AI-washing" job cuts and emphasizes freelancers' adaptability to new technologies. Billionaire Mark Cuban suggests Gen Z, being "AI natives," are well-positioned to adapt by learning AI skills, diverging from investor Kevin O'Leary's focus on AI's productivity gains despite job losses.
Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Upwork, Inc. (UPWK) And Encourages Stockholders to Reach Out
Bronstein, Gewirtz & Grossman, LLC has launched an investigation into potential claims against Upwork, Inc. (UPWK) following a significant drop in its stock price. The investigation stems from Upwork's Q1 2026 financial results, which showed stagnant gross service volume, a decline in active clients, and a cut in full-year revenue guidance attributed to the impact of AI automation. The firm is encouraging stockholders to assist in the investigation.
[144] UPWORK, INC SEC Filing
This article reports on an SEC Form 144 filing by Upwork, Inc. (UPWK). The filing details Hayden Brown's proposed sale of 50,000 restricted stock units and performance stock units, and also discloses a sale of 23,745 shares on March 18, 2026, for $292,343.69. The document provides specifics on the shares to be sold, their acquisition, and past sales within the last three months.
Upwork (UPWK) affiliate files Form 144 to sell 22,546 shares combined
An affiliate of Upwork (UPWK) has filed a Form 144 to sell a combined 22,546 shares, consisting of 7,151 performance shares and 15,395 restricted stock, both dated for sale on May 18, 2026. The filing also reports a past sale by Hayden Brown of 23,745 common shares on March 18, 2026, for $292,343.69. These are routine SEC notices for proposed stock resales.
INVESTOR ALERT: Investigation of Upwork Inc. (UPWK) announced by Holzer & Holzer, LLC
Holzer & Holzer, LLC has initiated an investigation into Upwork Inc. (NASDAQ: UPWK) regarding potential violations of federal securities laws. This follows Upwork's Q1 2026 financial results which showed a decline in active clients and flat gross service volume year-over-year, attributed by the company to accelerated AI adoption impacting smaller contracts. The announcement led to a drop in Upwork's stock price, prompting the law firm to encourage affected investors to contact them.
Levi & Korsinsky Investigating Whether Upwork Inc. (UPWK) Misled Investors - Securities Law Violations Possible
Levi & Korsinsky has launched an investigation into Upwork Inc. (UPWK) for potential federal securities law violations. This follows a significant drop in Upwork's share price after the company cut its Q2 2026 revenue guidance, despite earlier positive statements about revenue growth, adjusted EBITDA, and AI functionality contributions. The investigation aims to determine if Upwork misled investors regarding its financial performance and the impact of its AI integrations.
Upwork Inc stock (US91688F1049): analysts see high upside after sharp 2026 slide
Upwork Inc (UPWK) shares have seen a significant decline of nearly 59% in 2026, falling from $19.82 to $8.17. Despite this sharp drop, Wall Street analysts maintain an average 12-month price target of $16.20, indicating a potential upside of approximately 98%. The article explores the company's core business model, key revenue drivers, competitive landscape, and identifies why the stock is relevant for US investors, linking its performance to the growing gig economy and remote work trends.
Upwork (UPWK) price target decreased by 39.51% to 13.20
This article reports that the price target for Upwork (UPWK) has been significantly decreased by 39.51% to $13.20. The information is sourced from MSN.
Pacer Advisors Inc. Lowers Stock Holdings in Upwork Inc. $UPWK
Pacer Advisors Inc. significantly reduced its stake in Upwork Inc. by 98.1% in the fourth quarter, selling over 518,000 shares. Despite this, other institutional investors have recently increased their holdings in Upwork. The company also announced a $300 million stock repurchase program, suggesting management believes the stock is undervalued, even as multiple analysts have lowered their ratings and price targets on UPWK.
Upwork (UPWK) price target decreased by 39.51% to 13.20
The article reports that the price target for Upwork (UPWK) has been significantly decreased by 39.51%, bringing it down to $13.20. No further details are provided regarding the reasons for this revision or the analyst responsible.
Upwork Inc. 2026 Q1 - Results - Earnings Call Presentation (NASDAQ:UPWK) 2026-05-14
Upwork Inc. (UPWK) published its Q1 2026 earnings call presentation, reporting an EPS of $0.35, beating estimates by $0.08, and revenue of $195.48M, missing by $416.28K. The slide deck accompanies their recent earnings call held on May 14, 2026. This content was prepared by Seeking Alpha's transcripts team.
Upwork Inc. Investigation Initiated: Levi & Korsinsky Investigates the Officers and Directors of Upwork Inc. (UPWK)
Levi & Korsinsky has initiated an investigation into Upwork Inc. (UPWK) following a significant drop in its stock price. The investigation concerns potentially misleading statements made by Upwork's officers and directors regarding revenue growth and adjusted EBITDA margin, which contradicted a later guidance cut for Q2 and full-year revenue. Investors who lost money on UPWK shares are encouraged to contact Levi & Korsinsky to discuss their legal rights.
Upwork Inc. Investigation Initiated: Levi & Korsinsky Investigates the Officers and Directors of Upwork Inc. (UPWK)
Levi & Korsinsky has initiated an investigation into Upwork Inc. (UPWK) regarding potential misleading statements made by its officers and directors. The investigation focuses on the discrepancy between Upwork's initial Q4 2025 earnings call guidance for 6%-8% revenue growth in 2026 and its subsequent sharp downward revision, which caused a 19% drop in share value. Shareholders who suffered losses are encouraged to contact Levi & Korsinsky to discuss their rights.
Securities Fraud Investigation Into Upwork Inc. (UPWK) Announced
Glancy Prongay Wolke & Rotter LLP announced a securities fraud investigation into Upwork Inc. (UPWK) after the company reported flat gross service volume, a decline in active clients, and cut its full-year revenue guidance, citing AI automation as a "net headwind." Following this news on May 7, 2026, Upwork's stock price fell significantly, leading the law firm to investigate potential violations of federal securities laws and urge affected investors to come forward.
Upwork Inc. Investigation Initiated: Levi & Korsinsky Investigates the Officers and Directors of Upwork Inc. (UPWK)
Levi & Korsinsky has initiated an investigation into Upwork Inc. (UPWK) after the company's shares dropped 19% following a significant reduction in its full-year 2026 revenue guidance. The investigation focuses on whether Upwork's initial revenue growth projections of 6%-8% for 2026, issued in February, had a reasonable basis given the subsequent downward revision. Shareholders who invested in UPWK and experienced losses are encouraged to contact Levi & Korsinsky to discuss their rights.
FinancialContent - Upwork Inc. (UPWK) Shareholders Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
The Law Offices of Howard G. Smith have announced an investigation into Upwork Inc. (NASDAQ: UPWK) concerning possible violations of federal securities laws. This follows Upwork's Q1 2026 financial results which revealed flat gross service volume, a decline in active clients, and a cut in full-year revenue guidance, leading to a significant 16.9% drop in its stock price. The firm is encouraging investors who suffered losses to contact them regarding potential claims.
Upwork Stock Plunges Amid 24% Layoffs: CEO Says ‘Two Pizza Teams Are Dead’
Upwork (UPWK) announced significant restructuring, including a 24% workforce reduction, leading its stock to plunge. The company's CEO, Hayden Brown, controversially declared the obsolescence of "two-pizza teams," attributing this to AI's ability to boost individual productivity. This move, while aimed at creating a leaner operating model, highlights a major shift for a platform built on human freelance talent, with the company expecting to incur $16-$23 million in restructuring charges.
Upwork (UPWK) Q1 2026 Earnings Transcript
Upwork Inc. reported its Q1 2026 earnings, detailing revenue projections of $760 million to $790 million for the full year and adjusted EBITDA of $250 million to $260 million. The company announced a 24% workforce reduction for an estimated $70 million in annualized cost savings, aiming to accelerate profitability and reach a 35% adjusted EBITDA margin by the second half of 2026, two years ahead of schedule. AI-related work now constitutes 8% of marketplace GSV, growing over 40% year-over-year, while the portion of GSV at high risk of AI replacement has decreased to 10%.
Earnings call transcript: Upwork Q1 2026 EPS beats, stock falls 12.5%
Upwork Inc. (UPWK) reported Q1 2026 earnings with an EPS of $0.35, exceeding analyst expectations, but its revenue of $195.5 million slightly missed forecasts. Despite the EPS beat, the stock dropped 12.5%, indicating investor concerns over revenue and broader market conditions, including macroeconomic challenges and the impact of AI on low-end contracts. The company has revised its full-year 2026 revenue guidance downwards but raised its adjusted EBITDA guidance due to cost management and a $70 million annualized cost reduction program, which includes a 24% workforce reduction.
Upwork Inc. Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses
Johnson Fistel, PLLP is investigating potential claims on behalf of Upwork Inc. (NASDAQ: UPWK) investors who suffered losses following the company's Q1 2026 financial results and updated full-year outlook. Upwork reported flat GSV, 1% revenue growth, a decline in active clients, and a material slowdown in demand trends attributed to accelerated AI adoption. The company also announced a significant workforce reduction and lowered its full-year 2026 revenue guidance, leading to a sharp decline in stock price.
Upwork Inc. Shareholders Are Encouraged to Reach Out to
Johnson Fistel, PLLP is investigating potential claims against Upwork Inc. on behalf of investors who suffered losses. This investigation follows Upwork's Q1 2026 financial results, which reported flat GSV, slow revenue growth, and a decline in active clients, alongside a significant workforce reduction due to the impact of AI adoption. The firm is examining whether Upwork complied with federal securities laws following these disclosures, which led to a sharp decline in the company's stock price.
UPWK ALERT: Ongoing Investigation Into Upwork Inc. - Contact Levi & Korsinsky
Levi & Korsinsky is investigating Upwork Inc. (NASDAQ: UPWK) for potential violations of federal securities laws after the company cut its Q2 2026 guidance and revised revenue expectations downward, leading to a 19% drop in share price. This investigation follows prior statements made by CEO Hayden Brown regarding revenue growth, adjusted EBITDA margin, and the positive impact of AI functionality, which apparently did not align with actual performance. Investors who suffered losses on Upwork securities are encouraged to contact Levi & Korsinsky for a potential recovery.
How Investors Are Reacting To Upwork (UPWK) Job Cuts And Trimmed 2026 Outlook Amid AI Push
Upwork Inc. recently reported its first-quarter 2026 results, showing modest revenue growth but a decrease in net income, alongside a significant workforce reduction of approximately 24%. The company also trimmed its 2026 revenue outlook despite highlighting strong growth in AI-related work and launching new AI-powered platform features. This report examines how these changes, particularly the job cuts and cautious guidance, are reshaping Upwork's previously AI-focused investment narrative and raising concerns about AI-driven displacement versus creation of work on its platform.
How Investors Are Reacting To Upwork (UPWK) Job Cuts And Trimmed 2026 Outlook Amid AI Push
Upwork Inc. recently announced first-quarter 2026 results including modest revenue growth, lower net income, and a significant workforce reduction of about 24%. Simultaneously, the company trimmed its 2026 revenue outlook while emphasizing growth in AI-related work and launching new AI-powered platform features. This has created tension in the investment narrative, as the job cuts and cautious guidance highlight potential challenges despite the company's strong focus on AI integration.
Forward Air Posts Downbeat Q1 Results, Joins Upwork, HubSpot And Other Big Stocks Moving Lower In Friday's Pre-Market Session
Forward Air (NASDAQ: FWRD) reported disappointing first-quarter results, with revenue down to $582 million from $613 million year-over-year and a net loss of $40.2 million. Consequently, Forward Air shares plunged 42.8% in pre-market trading, joining other companies like Upwork, HubSpot, and Kodiak AI, which also saw significant declines after reporting their latest financial results or updated guidance. This widespread drop impacted several major stocks across various sectors.
Upwork Inc. Stock 12‑Month Price Target Cut to $15.22, Implies 43% Upside
Upwork Inc.'s average price target has been reduced from $20.9 to $15.22 by nine analysts, with forecasts ranging from $10 to $27 per share. This updated target suggests a potential 43% upside based on the closing price of May 7. Despite the target cut, the consensus rating from 11 analysts remains "Buy," with 3 Buys, 8 Holds, and 0 Sells.
Not All Is Well in the Jobs Market. Just Look at Upwork’s Stock Tumble.
Upwork's stock tumbled after the company lowered its 2026 revenue guidance, citing a pullback in spending by businesses on freelance workers. This shift is attributed to cost-cutting measures and an increased adoption of artificial intelligence, potentially signaling broader challenges in the jobs market.
UPWK Downgraded by Citizens -- Rating Changed to Market Perform
Upwork (UPWK) has been downgraded to "Market Perform" by Citizens due to a cautious outlook on its near-term performance. Despite the downgrade, GuruFocus indicates UPWK is significantly undervalued with a GF Value™ of $14.51 against a current price of $8.48, and boasts a strong GF Score™ of 78/100, driven by high growth and valuation ranks. However, recent insider selling of $2.9 million alongside no insider buying might concern investors, suggesting a mixed sentiment for the company's future.
Needham cuts Upwork stock price target to $15 on weak trends
Needham has lowered its price target for Upwork (NASDAQ:UPWK) to $15 from $25, while maintaining a Buy rating, citing deteriorating business trends driven by macro headwinds and increased adoption of lower-end transactions. Despite recent stabilization, the firm needs to see success from the Enterprise relaunch in the second half of 2026 and stabilization in marketplace trends for the stock to regain its previous trading multiples. This downgrade follows Upwork's Q1 2026 earnings, which surpassed EPS expectations but slightly missed revenue forecasts, leading to further downgrades from other analysts.
Forward Air Posts Downbeat Q1 Results, Joins Upwork, HubSpot And Other Big Stocks Moving Lower In Friday
Forward Air (NASDAQ: FWRD) reported a significant dip in its Q1 revenue and posted a net loss, leading to a substantial drop in its pre-market stock trading. The article also highlights several other companies, including Upwork, HubSpot, and Cloudflare, that experienced declines in pre-market trading due to poorer-than-expected financial results or guidance. These downward movements for multiple large stocks are occurring despite a general uplift in U.S. stock futures on Friday morning.
Earnings Flash (UPWK) Upwork Inc. Reports Q1 Revenue $195.5M, Vs. FactSet Est of $195.9M
Upwork Inc. (UPWK) reported its Q1 revenue of $195.5 million, falling slightly short of the FactSet estimate of $195.9 million. This earnings flash provides key financial details for the quarter.
[10-Q] UPWORK, INC Quarterly Earnings Report
Upwork Inc. reported its Q1 2026 earnings, showing a modest 1% year-over-year revenue increase to $195.5 million, with Marketplace revenue up 3% and Enterprise revenue down 6%. Net income decreased to $31.5 million from $37.7 million a year prior, attributing the decline to higher costs and operating expenses. The company also announced a restructuring plan on May 7, 2026, which will reduce its workforce by approximately 24% and is expected to incur $16.0 million to $23.0 million in pre-tax restructuring charges.
Earnings call transcript: Upwork Q1 2026 earnings beat EPS expectations
Upwork Inc. reported strong Q1 2026 earnings, with an EPS of $0.35 significantly beating the forecast of $0.27, although revenue slightly missed expectations. The company's stock rose post-earnings, reflecting investor confidence in its profitability, effective cost management, and strategic focus on AI-related work, which saw over 40% year-over-year growth. Upwork also raised its adjusted EBITDA guidance and announced a restructuring plan to reduce costs and enhance operational efficiency.
Upwork cuts 24% of workers while AI-related work grows 40%
Upwork Inc. reported its Q1 2026 financial results, showing modest revenue growth of 1% year-over-year to $195.5 million and a 3% increase in adjusted EBITDA to $57.4 million, despite a 17% decrease in GAAP net income and a 58% decline in free cash flow. Concurrent with these results, the company announced a significant workforce reduction of approximately 24% and a restructuring plan to improve efficiency, while noting that gross services volume (GSV) from AI-related work increased by over 40%. The company also raised its full-year 2026 adjusted EBITDA guidance, reflecting a strategic shift towards profitability and efficiency amidst a challenging demand environment.
Upwork Stock Plunges On Q1 Earnings, Softer Revenue Outlook, Restructuring Plan
Upwork's stock plunged after reporting Q1 earnings that missed revenue estimates but beat on adjusted EPS. The company also announced a softer revenue outlook for Q2 and the full year, a new revolving credit facility, and a restructuring plan involving a 24% workforce reduction. Despite the profitability in Q1, the guidance and restructuring signal challenges ahead for the company.
Upwork (NASDAQ:UPWK) Reports Q1 CY2026 In Line With Expectations But Stock Drops 19.3%
Upwork (NASDAQ:UPWK) reported Q1 CY2026 results, meeting revenue expectations with a 1.4% year-on-year increase, but its stock dropped 19.3% due to lower-than-expected next quarter revenue guidance. Despite strong adjusted EPS and EBITDA beats, and raised full-year adjusted EPS and EBITDA guidance, the company lowered its full-year revenue outlook. The report highlighted Upwork's strong cash profitability and the challenge of navigating a dynamic demand environment.
Upwork Reports First Quarter 2026 Financial Results
Upwork Inc. announced its first-quarter 2026 financial results, highlighting strong profitability despite a challenging demand environment. The company reported flat GSV year-over-year at $987.1 million, a 1% revenue increase to $195.5 million, and a 5% increase in GSV per active client, driven by AI work categories and SMB growth. Upwork also announced a restructuring plan involving a 24% workforce reduction to create a more efficient operating model and raised its full-year 2026 Adjusted EBITDA guidance.
