RBC maintains a Hold rating for Upwork stock at USD 8.00

Published on 10/25/2026 at 13:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Upwork posted USD 191.66 million in second-quarter revenue, down 1.70 percent year over year. Upwork stock reports results on November 2, 2026.

Valuation and reporting dates

RBC Capital maintained a Hold rating and set an USD 8.00 target on October 20, 2026.
Upwork posted USD 191.66 million in second-quarter revenue, down 1.70 percent year over year.
Upwork will publish third-quarter results on November 2, 2026.

UPWK, US91688F1049, Illustration mit AI erstellt.

Upwork (ISIN US91688F1049) received an USD 8.00 price target as RBC Capital maintained its Hold rating on October 20, 2026, according to Markets Insider. The latest operating figures show a profitable company, but revenue remains below the year-earlier level.

Three milestones carry figures

On August 10, 2026, Upwork reported second-quarter revenue of USD 191.66 million and adjusted earnings per share of USD 0.41, according to Markets Insider. On October 12, 2026, Upwork announced that it would publish third-quarter results on November 2, 2026, according to Upwork. On October 20, 2026, RBC Capital set the USD 8.00 target while keeping Hold, as reported by Markets Insider.

What does the target mean for valuation?

The USD 8.00 target sits below the USD 9.48 Nasdaq closing price on October 23, 2026, giving RBC Capital's view a cautious valuation signal. Upwork's second-quarter revenue of USD 191.66 million was 1.70 percent below the USD 194.94 million reported for the year-earlier quarter, while net profit fell to USD 25.40 million from USD 32.73 million, according to Markets Insider. The earnings date therefore matters because the next report will test whether the platform can stabilize sales while preserving profitability.

November 2 sets the next test

Upwork is scheduled to report third-quarter 2026 results on November 2, 2026 after the Nasdaq session, followed by a conference call at 5:00 p.m. ET, according to Upwork. The company reported USD 476.04 million in cash at June 30, 2026, while operating cash flow for the second quarter was USD 46.87 million. Those figures give the upcoming report a balance-sheet and cash-generation angle beyond the revenue headline.

Nasdaq valuation stays under review

Upwork had a market capitalization of USD 1.2 billion at the October 23, 2026 Nasdaq close. Its 52-week range was USD 7.44 to USD 22.84, placing the latest close materially nearer the low than the high. The next results will provide the clearest dated checkpoint for revenue, earnings and guidance.

The further course of trading is shown by the continuously updated real-time quote of Upwork stock.