Upwork stock wobbles in premarket after 19% slide as Q1 outlook stuns traders
Upwork shares slipped 0.1% to $15.20 premarket Wednesday after plunging 19% the previous session on weak first-quarter guidance. The company forecast Q1 revenue of $192 million to $197 million, below analyst expectations, and warned of higher costs and pressure in categories hit by AI. RBC, Citizens, and UBS lowered price targets, citing execution risk and uncertainty around enterprise growth.