UBS Upgrades Upwork Inc. (UPWK) to Buy

UBS analyst Joshua Chan upgraded Upwork Inc. (NASDAQ: UPWK) from Neutral to Buy with a price target of $21.00.

The analyst comments: "We are upgrading Upwork to Buy with a $21 price target. With better web traffic data in recent months and an ongoing shift toward higher-value services, Upwork appears positioned to return to positive GSV growth over the next two quarters (vs. Street's Q1 inflection). We believe this inflection – after five quarters of declines – could be a positive catalyst for shares, adding conviction around our above-consensus 2026E EBITDA (+3% vs. Street). Additionally, we think Upwork's improved FCF (~9% yield) is under-appreciated, as buybacks are reducing share count for the first time in public company history, bolstering the company's high-teens ROIC profile in the process."

For an analyst ratings summary and ratings history on Upwork Inc. click here. For more ratings news on Upwork Inc. click here.

Shares of Upwork Inc. closed at $16.12 yesterday.

You May Also Be Interested In

• Kepler Cheuvreux Upgrades Koninklijke KPN NV (KPN:NA) (KKPNY) to Buy
• Kepler Cheuvreux Upgrades Azelis Group NV (AZE:BB) to Hold
• JPMorgan Downgrades HCL Technologies (HCLT:IN) to Underweight