Upstart (NASDAQ:UPST) Stock Price Target Cut by Stephens

Upstart (NASDAQ:UPST) had its price objective cut by stock analysts at Stephens from $26.00 to $24.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Stephens‘s price target suggests a potential upside of 3.36% from the company’s current price.

Several other research firms also recently issued reports on UPST. Citigroup restated a “market underperform” rating on shares of Upstart in a research note on Thursday, October 15th. B. Riley Financial reiterated a “buy” rating and set a $42.00 target price (down from $54.00) on shares of Upstart in a research report on Wednesday. Citizens Jmp reduced their target price on Upstart from $20.00 to $18.00 and set a “market underperform” rating for the company in a report on Thursday, October 15th. Bank of America reissued a “neutral” rating and issued a $28.00 target price on shares of Upstart in a report on Wednesday. Finally, Mizuho set a $35.00 target price on Upstart in a research report on Wednesday. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Upstart presently has an average rating of “Hold” and an average price target of $35.38.

Upstart Price Performance

Shares of Upstart stock traded up $1.85 during trading hours on Wednesday, hitting $23.22. The company had a trading volume of 5,387,869 shares, compared to its average volume of 4,679,273. The company’s 50-day moving average is $24.98 and its two-hundred day moving average is $29.76. Upstart has a twelve month low of $20.59 and a twelve month high of $52.10. The company has a market cap of $2.26 billion, a P/E ratio of 47.50, a price-to-earnings-growth ratio of 0.75 and a beta of 2.48.

Upstart (NASDAQ:UPST) last posted its earnings results on Tuesday, November 3rd. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.13. Upstart had a net margin of 4.84% and a return on equity of 7.13%. The firm had revenue of $370.52 million for the quarter, compared to the consensus estimate of $362.68 million. During the same period last year, the firm posted $0.23 EPS. The company’s revenue was up 33.7% on a year-over-year basis. Sell-side analysts expect that Upstart will post 0.72 EPS for the current year.

Insider Buying and Selling at Upstart

In related news, insider Natalia Mirgorodskaya sold 913 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $30.03, for a total transaction of $27,417.39. Following the completion of the sale, the insider owned 35,875 shares in the company, valued at $1,077,326.25. This represents a 2.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Andrea Blankmeyer sold 3,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $29.33, for a total transaction of $87,990.00. Following the transaction, the chief financial officer directly owned 152,208 shares in the company, valued at $4,464,260.64. The trade was a 1.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 148,652 shares of company stock worth $4,133,720 in the last 90 days. Company insiders own 17.29% of the company’s stock.

Hedge Funds Weigh In On Upstart

A number of large investors have recently modified their holdings of the business. Fulcrum Asset Management LLP boosted its position in shares of Upstart by 54,430.1% during the 3rd quarter. Fulcrum Asset Management LLP now owns 95,973 shares of the company’s stock worth $2,221,000 after purchasing an additional 95,797 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Upstart by 76.7% in the third quarter. Parallel Advisors LLC now owns 1,656 shares of the company’s stock valued at $38,000 after purchasing an additional 719 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of Upstart by 33.2% in the third quarter. Asset Management One Co. Ltd. now owns 1,790 shares of the company’s stock valued at $41,000 after purchasing an additional 446 shares during the period. Apollon Wealth Management LLC boosted its holdings in Upstart by 3.2% during the third quarter. Apollon Wealth Management LLC now owns 32,995 shares of the company’s stock worth $759,000 after buying an additional 1,027 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in Upstart by 838.2% during the third quarter. Sterling Capital Management LLC now owns 2,824 shares of the company’s stock worth $65,000 after buying an additional 2,523 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Upstart News Summary

Here are the key news stories impacting Upstart this week:

• Positive Sentiment: Upstart beat Q3 estimates, reporting $0.33 per share versus the $0.20 consensus and $370.5 million in revenue versus $362.7 million expected. Revenue grew 33.7% year over year; the company also reported record contribution profit and profitability in its secured-loan business. Earnings results
• Positive Sentiment: Truist maintained a Buy rating, though it lowered its price target to $30 from $40, leaving material upside implied by its estimate. Truist price target report
• Negative Sentiment: Despite the Q3 beat, Upstart cut its 2026 outlook amid rising credit risks and funding costs. That caution clouds the earnings beat and may weigh on expectations for future growth and profitability. Q3 results and outlook
• Negative Sentiment: Several firms reduced their targets on November 4: Morgan Stanley cut its target to $24 from $35 and assigned Equal Weight; Goldman Sachs lowered its target to $24 from $28 and kept a Neutral rating. B. Riley also reduced its target, to $42 from $54, while retaining Buy. The revisions suggest analysts see limited near-term upside or increased uncertainty. Morgan Stanley target revision Goldman Sachs target revision

Upstart Company Profile

Upstart Holdings, Inc (NASDAQ: UPST) operates an artificial intelligence-powered lending marketplace. Its platform connects consumers seeking credit with banks and credit unions, using data-driven underwriting models designed to evaluate applicants beyond traditional credit-score-based methods.

The company provides technology for several lending categories, including personal loans, automotive retail and refinance lending, home equity lines of credit, and small-dollar lending. Upstart’s platform supports financial institutions with application processing, risk assessment, loan origination, and related automation, while offering consumers a digital borrowing experience.

Founded in 2012, Upstart is headquartered in San Mateo, California, and primarily serves the United States.