NASDAQ: UPWK

Upwork (UPWK) Stock Analysis & Forecast

Oct 12 close

$8.61+0.01 (+0.1%)

Gekko Brief

Oct 12 close

Upwork closed at $8.61 on 12 October 2026, +0.1% on the day. The price sits below both the 50-day ($8.65) and 200-day ($11.41) moving averages, inside a 52-week range of $7.44 to $22.84. The GekkoIndex reads 56.1, in the Neutral zone, down 5.4 points over five sessions. Gekko Fair Value is $15.19, so the price is 43.3% below it.

The next earnings report is due on 10 November 2026, 29 days away (after close). Over the last 8 reports the company beat the earnings estimate 7 times, with an average move of 13.6% across the report. Seasonally, the next 20 trading days from this point averaged +4.9% over the last 5 years, rising in 3 of them.

8 firms rate the stock: 2 buy, 6 hold and 0 sell, with a consensus target of $9.88. A typical daily move is about 2.9%, and a typical 20-day move about 10.8%. On the swing-trade checklist, 2 items read supportive and 2 read as a headwind (trend, earnings risk).

A plain summary of the figures as of the Oct 12, 2026 close.

Upwork price vs fair value

$15.19$8.61Oct ’25Apr ’26Oct ’26
Close $8.61200-day averageGekko Fair Value $15.19

Upwork quick facts

Market cap
$1.06B
P/E ratio
11.1
Forward P/E
5.5
EPS, TTM
$0.77
Revenue, TTM
$787.3M
Profit margin
12.9%
Dividend yield
—
Beta
1.05
Volume
2.21M avg 2.48M
1-year return
−50.6%
Typical daily move
±2.9%
Typical 20-day move
±10.8%
50-day average
$8.65
200-day average
$11.41
Next earnings
Nov 10 after close
Shares outstanding
124.9M
52-week range
$7.44$22.84

Upwork swing-trade checklist

Upwork scores 2 supportive, 1 mixed and 2 headwinds across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

2 supportive1 mixed2 headwinds

  • Trendheadwind

    Below 50 and 200-day

    Close $8.61 is below the 50-day ($8.65) and 200-day ($11.41) averages, and the 50-day is below the 200-day.

    See the chart
  • GekkoIndexmixed

    56.1, Neutral

    Reading 56.1 is in the Neutral zone.

    See the GekkoIndex
  • Fair valuesupportive

    43.3% below

    Price is 43.3% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings riskheadwind

    Reports in 29 days

    Reports on Nov 10, 2026, 29 days away — inside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +4.9% on average

    From this point in the calendar, the next 20 trading days averaged +4.9% over 5 years, rising in 3 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Upwork stock chart and price history

Upwork closed at $8.61 on Oct 12, 2026, −50.6% over the past year, inside a 52-week range of $7.44 to $22.84.

Close50-day average200-day averageVolume
Upwork share price, past year, with 50-day and 200-day moving averages and volume$10$15$20NovDecJan 2026FebMarAprMayJunJulAugSepOct8.61

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−1.3%
3 months
−4.7%
6 months
−21.8%
1 year
−50.6%
The full UPWK chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open UPWK in Gekko

Follow Upwork through every session

Put UPWK on a Gekko watchlist and see its GekkoIndex, Gekko Fair Value and smart money signals update on the chart as they change.

Track UPWK in GekkoFree for 7 days. No credit card required.

About Upwork

Upwork operates a digital platform where companies find and hire freelance talent and agencies, drawing from professionals located in the United States, India, the Philippines, and other countries. Businesses turn to the site to fill roles in fields like marketing, customer support, data analysis, design, and both web and mobile software work. The company has built its identity around making it easier to connect outside hiring needs with skilled independent workers.

In addition to helping clients discover candidates, Upwork supports the surrounding hiring process, from identifying prospects to handling outreach and drawing up agreements. The platform includes features meant to ease remote teamwork, such as built-in messaging, automated billing, and safeguards around payment. Its offerings are divided into tiers like Basic, Plus, Enterprise, and Payroll, plus added services for agencies including managed support and escrow handling.

Upwork traces back to a 2013 incorporation under the name Elance-oDesk, Inc., before adopting its current name in 2015. The business is based in San Francisco, California, and trades on the NASDAQ exchange under the ticker symbol UPWK.

Listed
NASDAQ
Sector
Commercial services
Industry
Personnel services
Website
upwork.com

Upwork GekkoIndex: the smart money zone

Upwork’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 56.1, in the Neutral zone, down 5.4 points over five sessions.

010056.1Neutral

Down 5.4 points over five sessions, from the Accumulation zone.

Reading for Oct 12, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying61+2.2%+3.5%+3.2%+1.5%
Accumulation299−1.1%−2.1%−2.0%+0.3%
Neutral (current zone)289+0.1%+0.4%0.0%−1.4%
Distribution32+1.5%+2.6%+3.1%+1.5%
Selling1Too few readings yet

Average UPWK share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.1% over 20 days. Past behaviour doesn’t guarantee future results.

Neutral zone: No clear directional signal. About the five zones →

See every daily GekkoIndex reading plotted over the UPWK price, zone by zone.Track UPWK in Gekko

Is Upwork stock overvalued? Gekko Fair Value

Upwork trades 43.3% below Gekko Fair Value of $15.19, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what Upwork shares are worth, recalculated every trading day.

$15.19

Gekko Fair Value, Oct 10, 2026

43.3% Undervalued

At the end of Aug 2026 the price was 5.2% below the estimate.

Gekko Fair ValueShare price, month end
$15$9Aug 2026SepOct 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open UPWK in Gekko

Upwork insider and Congress trading

No open-market insider purchases were filed for Upwork, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for UPWK in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every UPWK insider filing, plotted on the chart in Gekko.Open UPWK in Gekko

Congress trades last 90 days

No trades in UPWK were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for UPWK, plotted on the chart in Gekko.Open UPWK in Gekko

Buybacks

Upwork has been buying back its own shares.

Latest authorization
$300.0M, May 7, 2026
Bought back, quarter ended Jun 30, 2026
$1.83M
As a share of market cap
0.17%
Trailing four quarters
$174.8M

From company filings.

Hedge funds and billionaires quarter ended Jun 30

0of the funds Gekko tracks hold UPWK.

0added0opened0trimmed2sold out
Which funds are on each side, name by name.Unlock in Gekko

Upwork earnings: next date and track record

Upwork reports on Nov 10, 2026, after the close (29 days away), and beat the EPS estimate in 7 of its last 8 reports.

7 of 8reports beat the EPS estimate
±13.6%average move across the report
5 of 8reports followed by a gain

Share-price move across each report

−13.2%Aug ’24+12.9%Nov ’24+8.7%Feb ’25+16.6%May ’25+14.3%Aug ’25+11.0%Nov ’25−19.7%Feb ’26−12.5%May ’26

Last earnings call, May 7, 2026 AI summary

What they said
Upwork Q1 2026 delivered in-line revenue with a $10M adjusted EBITDA beat. Two headwinds emerged: geopolitical instability slowing higher-value contracts and accelerated AI adoption reducing low-end contracts ($500 and below). AI-related GSV exceeded $300M annualized, growing 40%+ YoY. Business+ plan grew 34% QoQ; enterprise pipeline grew 3x for new clients. Company is cutting OpEx and raising adjusted EBITDA guidance while lowering revenue guidance.
Guidance
Upwork lowered 2026 revenue guidance due to continued geopolitical uncertainty and softness in lowest-value contracts. Simultaneously, management raised adjusted EBITDA outlook, supported by new cost management program and OpEx reductions.
ReportedEPSSurpriseRevenueSurpriseMove
May 7, 2026$0.35
est $0.34
+4.2%$195.5M
est $195.8M
−0.1%−12.5%
Feb 9, 2026$0.12
est $0.23
−47.8%$198.4M
est $197.5M
+0.4%−19.7%
Nov 3, 2025$0.36
est $0.28
+28.6%$201.7M
est $197.5M
+2.1%+11.0%
Aug 6, 2025$0.35
est $0.26
+34.6%$194.9M
est $187.5M
+4.0%+14.3%
May 5, 2025$0.34
est $0.25
+36.0%$192.7M
est $187.1M
+3.0%+16.6%
Feb 12, 2025$0.30
est $0.25
+20.0%$191.5M
est $180.4M
+6.2%+8.7%
Nov 6, 2024$0.20
est $0.16
+25.0%$193.8M
est $180.6M
+7.3%+12.9%
Aug 7, 2024$0.26
est $0.23
+13.0%$193.1M
est $193.0M
0.0%−13.2%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Upwork stock forecast and analyst price targets

Analysts’ average 12-month price target for Upwork is $9.88, +14.8% from the last close, from 8 firms rating the stock in the last 90 days.

$9.88consensus 12-month target, +14.8% from the last close
Low $8High $11.50
Buy2
Hold6
Sell0

Each firm’s latest rating in the last 90 days: 8 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 11BTIGHold, maintained——
Aug 14UBSHold, reiterated$9+4.5%
Aug 12CitiHold, maintained$8.50−1.3%
Aug 11Canaccord GenuityHold, reiterated$9+4.5%
Aug 11ScotiabankHold, maintained$8−7.1%
0.0%average 20-day move after past Neutral readings
+4.9%average move over the next 20 trading days in the last 5 years
±2.9%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Upwork seasonality: the next 20 trading days

Over the next 20 trading days from Oct 10, Upwork averaged +4.9% across the last 5 years, rising in 3 of them.

Next 20 trading days, by year

−14.6%2021−9.6%2022+4.5%2023+56.1%2024+3.9%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days−0.7%1 of 5
Next 10 trading days+2.9%2 of 5
Next 15 trading days+1.0%1 of 5
Next 20 trading days+4.9%3 of 5
Next 30 trading days+5.5%3 of 5

For scale, UPWK’s typical 20-trading-day move in either direction is about 10.8%.

Upwork market cap and key statistics

Upwork’s market cap is $1.06B, with a P/E ratio of 11.1 and revenue of $787.3M over the last twelve months.

Valuation

Market cap
$1.06B
P/E ratio
11.1
Forward P/E
5.5
EPS, TTM
$0.77
Gekko Fair Value
$15.19

Trading

Volume
2.21M
Avg volume, 20 days
2.48M
52-week high
$22.84
52-week low
$7.44
Shares outstanding
124.9M

Financials

Revenue, TTM
$787.3M
Profit margin
12.9%
Return on equity
16.7%
Quarterly earnings growth, YoY
−15.9%

Risk and income

Beta
1.05
Typical daily move
±2.9%
Typical 20-day move
±10.8%

Upwork stock news this week

Coverage of Upwork this week reads neutral: 0 positive, 4 neutral and 2 negative headlines.

News sentiment neutral

Upwork peers

Upwork’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
KFYKorn Ferry−0.8%Accumulation21.2% below
RHIRobert Half+2.3%Accumulation10.6% below
MANManpowerGroup−2.1%Accumulation35.8% below
AMNAMN Healthcare Services−1.6%Neutral33.5% below
KFRCKforce−1.0%Accumulation4.5% above
BBSIBarrett Business Services−0.6%Accumulation3.7% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Upwork stock FAQ

What is Upwork’s market cap?

Upwork’s market cap is $1.06B at the Oct 12, 2026 close of $8.61, with 124.9M shares outstanding. The shares trade on a P/E ratio of 11.1.

What is the Upwork stock forecast?

The consensus analyst 12-month price target for Upwork is $9.88, +14.8% from the last close. Of the 8 firms that rated the stock in the last 90 days, 2 rate it a buy, 6 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is Upwork stock overvalued or undervalued?

On Gekko’s estimate Upwork is undervalued: the Oct 12, 2026 close of $8.61 is 43.3% below Gekko Fair Value of $15.19. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Upwork report earnings next?

Upwork is expected to report on Nov 10, 2026, after the market closes (29 days away). Analysts expect earnings of $0.32 per share on revenue of $180.3M. Upwork beat the earnings estimate in 7 of its last 8 reports, moving 13.6% on average across the report.

What is Upwork’s 52-week high and low?

Upwork’s 52-week high is $22.84 and its 52-week low is $7.44; it closed at $8.61 on Oct 12, 2026, −50.6% over the past year. Over the last five years the shares peaked at $61.90 on Oct 25, 2021.

Is Upwork stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 2 of the 5 items with data read as supportive (fair value and seasonality), 1 as mixed (gekkoindex) and 2 as headwinds (trend and earnings risk). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

See Upwork the way Gekko members do

Every GekkoIndex reading, insider trade, options bet and Congress disclosure plotted on the chart, plus the 5,800-name screener and trade planning tools.

Join 1,408 other traders using Gekko

Start Your FREE 7 Day Trial → Every feature unlocked. No credit card required.