UBS downgraded Upwork (UPWK) to Neutral from Buy with a price target of $10, down from $20. The company’s “brief” return to gross services volume growth in the second half of 2025 did not persist, turning back to negative in 2026, the analyst tells investors in a research note. UBS says Upwork’s volume growth flattened in Q1 and it projects negative 4% year-over-year declines in 2026, driven by declines in Q2 through Q4. The risk of expanding AI disintermediation on the platform “cannot be safely ignored,” contends the firm.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UPWK:
- Upwork: Buy Rating Reaffirmed as Analyst Cuts Price Target to $15 Amid Weaker Outlook but Sees Long-Term Upside Catalysts
- Upwork Announces Major Workforce Restructuring Amid Profit Focus
- Upwork reports Q1 non-GAAP EPS 35c, consensus 27c
- Upwork sees Q2 non-GAAP EPS 35c-37c, consensus 33c
- Upwork sees FY26 non-GAAP EPS $1.50-$1.55, consensus $1.44