Upwork Inc. ($UPWK) Stock Forecast: Down 5.2% Today

What is Upwork Inc.?

Upwork Inc. (UPWK) is a leading global freelancing platform where businesses and independent professionals connect and collaborate remotely. The company provides a marketplace for various skills, ranging from writing and design to programming and marketing. Today, UPWK experienced a strong bearish movement in the market.

Why is Upwork Inc. going down?

UPWK stock is down 5.2% on Dec 17, 2025 20:21

• UPWK shares plummeted due to concerns over future earnings growth, despite recent positive financial results and a surge in share price.
• The State of Wyoming's significant increase in UPWK shares contrasts with insider selling by executives, indicating mixed sentiments among investors.
• The emphasis on local connections and quality over price by competitors like WPNearMe may have contributed to market uncertainty regarding UPWK's long-term competitiveness.
• The discrepancy between UPWK's strong recent earnings growth and analysts' forecasts of a decline in earnings per share over the next few years likely dampened investor confidence, leading to the bearish market movement.

UPWK Price Chart

UPWK Technical Analysis

UPWK News

WPNearMe Offers WordPress Freelancers a Local Alternative to the Upwork Race-to-Bottom

WPNearMe provides WordPress freelancers with an alternative to global freelance marketplaces by focusing on connecting them with local clients who prioritize quality over the lowest price. The platform minimizes "race to the bottom" bidding wars inherent in sites like Upwork and Fiverr, allowing developers to build local client bases and foster long-term relationships. WPNearMe emphasizes local reputation and proximity, aiming to create a trusting environment for both businesses and WordPress professionals.

https://www.wane.com/business/press-releases/ein-presswire/871473049/wpnearme-offers-wordpress-freelancers-a-local-alternative-to-the-upwork-race-to-bottom

Upwork Inc. $UPWK Shares Purchased by State of Wyoming

The State of Wyoming significantly increased its stake in Upwork Inc. (NASDAQ:UPWK) by 546.8% in Q2, bringing its total to 137,044 shares. This comes amidst substantial insider selling by executives like CEO Hayden Brown and Director Gary Steele, though institutional investors now own 77.71% of the company. Upwork recently exceeded revenue expectations but missed EPS forecasts, while also announcing a $100 million share buyback and receiving a consensus "Moderate Buy" rating from analysts with an average price target of $22.92.

https://www.marketbeat.com/instant-alerts/filing-upwork-inc-upwk-shares-purchased-by-state-of-wyoming-2025-12-14/

Upwork Inc. (NASDAQ:UPWK) Surges 29% Yet Its Low P/E Is No Reason For Excitement

Upwork Inc. has seen a significant 29% share price increase recently, and its current P/E ratio of 11.6x is lower than about half of U.S. companies. Despite this low P/E and strong recent earnings growth of 190%, the P/E may not be attractive due to analyst forecasts predicting a decline in earnings per share of 8.7% annually over the next three years. This makes its low P/E understandable, suggesting the market recognizes the challenges ahead.

https://simplywall.st/stocks/us/commercial-services/nasdaq-upwk/upwork/news/upwork-inc-nasdaqupwk-surges-29-yet-its-low-pe-is-no-reason

Upwork Inc. (NASDAQ:UPWK) Surges 29% Yet Its Low P/E Is No Reason For Excitement

Upwork Inc. has seen a significant 29% share price jump in the last month, contributing to a 30% increase over the last year. Despite a low P/E ratio of 11.6x compared to the market average, the article suggests caution, as analyst forecasts predict an 8.7% annual earnings decline over the next three years. This negative outlook on future earnings growth is identified as the likely reason for the suppressed P/E.

https://simplywall.st/stocks/us/commercial-services/nasdaq-upwk/upwork/news/upwork-inc-nasdaqupwk-surges-29-yet-its-low-pe-is-no-reason/amp

Benign Growth For Upwork Inc. (NASDAQ:UPWK) Underpins Its Share Price

Upwork Inc. (NASDAQ:UPWK) has a P/E ratio of 11.6x, considered attractive compared to the market average of 20x, yet this low P/E warrants further investigation. While the company recently showed a 190% earnings increase, analysts forecast an 8.7% annual decline in earnings over the next three years, contrasting sharply with the broader market's 11% growth. This negative outlook on future earnings growth explains Upwork's low P/E and suggests that the share price may struggle to rise significantly.

https://news.futunn.com/en/post/66145103/benign-growth-for-upwork-inc-nasdaq-upwk-underpins-its-share

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Upwork Inc. Price History

17.11.2025 - UPWK Stock was down 5.2%

• UPWK shares plummeted due to concerns over future earnings growth, despite recent positive financial results and a surge in share price.
• The State of Wyoming's significant increase in UPWK shares contrasts with insider selling by executives, indicating mixed sentiments among investors.
• The emphasis on local connections and quality over price by competitors like WPNearMe may have contributed to market uncertainty regarding UPWK's long-term competitiveness.
• The discrepancy between UPWK's strong recent earnings growth and analysts' forecasts of a decline in earnings per share over the next few years likely dampened investor confidence, leading to the bearish market movement.

19.10.2025 - UPWK Stock was up 10.8%

• UPWK stock surged 7% following the conclusion of its 2025 Investor Day, where management outlined its financial outlook and growth strategy.
• The introduction of "The New Upwork" at the event, with forecasts of accelerated revenue growth and double-digit compound annual growth rates, likely contributed to investor optimism.
• The emphasis on leveraging AI technology, expanding SMB traction, and unlocking Enterprise opportunities showcased a promising future for Upwork, driving investor confidence and pushing the stock price higher.

28.09.2025 - UPWK Stock was up 7.2%

• The bullish movement in UPWK's stock today could be attributed to the positive P/E ratio insights, indicating strong earnings potential and investor confidence.
• Despite a recent decrease in the stock price over the past month, the significant increase in the past year showcases long-term growth prospects, which might have attracted more investors.
• The spike in share price today could also be a result of market optimism towards the gig economy sector as businesses continue to rely on flexible remote work solutions provided by platforms like Upwork.

22.08.2025 - UPWK Stock was down 5.2%

• The recent increase in Upwork's stock price may be connected to the announcement of the upcoming Investor Day, creating enthusiasm among investors.
• Nonetheless, the decline in the stock today may suggest profit-taking from traders who previously held bullish views on the stock.
• The current trend in earnings estimate revisions not supporting further increases could also be a factor in the negative sentiment prevailing in the market.
• Investors may be exercising caution regarding the company's future performance, prompting the decline in stock price despite the positive Investor Day news.

11.11.2025 - UPWK Stock was up 7.0%

• Upwork's stock surged by 4.5% after a recent price target increase to $24. This follows the company's Investor Day where ambitious growth targets were revealed. Business partnerships with YouLend and OpenAI have garnered positive attention, leading to a new 52-week high.
• Collaborations with YouLend and OpenAI are viewed as strategic efforts to expand its platform's services, offering U.S. freelancers improved access to financing and training in AI skills. These initiatives are not only creating economic opportunities but also aligning Upwork with the demand for human-centered skills in AI-driven workflows.
• Upwork's strong financial position, high gross profit margins, and favorable market response to its growth projections and AI endeavors have all contributed to its stock's strong performance. This reflects increasing investor confidence in the freelance and remote work sector.
• By embracing AI technologies and emphasizing human expertise, Upwork is well-positioned to excel in the evolving work landscape. This positions the company as a key facilitator of quality output in the digital economy.

18.10.2025 - UPWK Stock was up 5.0%

• UPWK stock experienced a bullish movement today.
• The introduction of "The New Upwork" at the 2025 Investor Day outlining a long-term growth strategy, including forecasts of revenue and EBITDA growth rates, likely boosted investor confidence.
• The announcement of opening an international office in Lisbon to scale AI innovation and expand the global technical team indicates the company's commitment to expanding its global footprint and enhancing its technological capabilities, which could have contributed to the positive market sentiment.
• Overall, Upwork's strategic initiatives and focus on AI innovation seem to have resonated well with investors, driving the bullish movement in the stock.

04.10.2025 - UPWK Stock was up 5.0%

• Upwork's stock showed a significant uptrend today.
• The surge in Upwork's stock price is attributed to its remarkable third-quarter financial results, surpassing analyst expectations in revenue and earnings.
• Despite slight underperformance in Q3 earnings, investors seemed optimistic about Upwork's achievement of a record quarterly revenue of $201.7 million, signaling robust growth prospects.
• Upwork's positive market reception in contrast to the general downward trend in U.S. stock futures for the day suggests that strong company performance can influence individual stock movements.

12.10.2025 - UPWK Stock was down 6.7%

• The expansion into Lisbon may indicate a move towards scaling AI innovation and growing the global technical team.
• Market reaction may have been influenced by concerns over potential costs and risks related to the new international office.
• Investors' caution about the short-term impact on Upwork's bottom line could be reflected in a bearish stock price trend.
• The market seems to be adopting a watchful stance to evaluate the effects of this strategic decision on Upwork's future growth and profitability.

20.10.2025 - UPWK Stock was up 6.3%

• UPWK stock notably rose by 7% in the recent trading session.
• Investor enthusiasm for Upwork's future outlook may have been influenced by the CFO's participation in the UBS Global Technology and AI Conference.
• The market's positive reception following Upwork's 2025 Investor Day, during which the company detailed a growth strategy projecting revenue acceleration and double-digit growth rates, likely boosted investor confidence.
• Upwork's strategic initiatives, such as AI technology integration, expansion into the enterprise sector, and increased engagement with small to medium-sized businesses, are speculated to have resonated well with investors, contributing to the stock's upward movement.

02.11.2025 - UPWK Stock was up 5.0%

• Hayden Brown, Upwork's President & CEO, recently unloaded a significant amount of company stock.
• Investor perception of insider selling varies, as it can signal a lack of confidence in the company's future performance.
• The market, however, viewed this insider selling differently, potentially interpreting it as a strategic decision by Brown or a means to diversify his portfolio.
• The positive movement in UPWK's stock price may be attributed to favorable market sentiment regarding the company's growth prospects, despite the insider selling activity.

04.10.2025 - UPWK Stock was up 6.2%

• Following the release of favorable third-quarter financial results and an optimistic forecast for the fourth quarter, Upwork's stock witnessed a significant uptick.
• Despite falling short of earnings expectations for Q3, the company demonstrated robust revenue expansion, which likely instilled confidence among investors.
• Upwork achieved a record-breaking quarterly revenue of $201.7 million, underscoring its sustained growth and prominent position in the freelance industry.
• The encouraging earnings update and bullish outlook have been key drivers behind the stock's recent rally, signaling strong performance and promising future prospects.

09.11.2025 - UPWK Stock was up 5.1%

• The rising demand for human-centered skills, such as creativity, communication, and critical thinking, has likely contributed to the bullish movement in UPWK stock.
• Businesses integrating AI systems are facing challenges related to skill gaps, emphasizing the need for human expertise to ensure the quality and effectiveness of AI-generated output.
• The surge in demand for services like quality assurance testing, language tutoring, and creative skills, along with increased hiring in marketing and e-commerce for the holiday season, indicates a growing reliance on human creativity and communication to complement AI technologies.
• This trend showcases the symbiotic relationship between AI adoption and the necessity of human skills, driving UPWK stock higher as investors recognize the company's position in facilitating this transition.