Upstart (NASDAQ:UPST) Now Covered by Analysts at Stephens

Stephens began coverage on shares of Upstart (NASDAQ:UPST) in a report issued on Wednesday, MarketBeat.com reports. The brokerage set an “equal weight” rating and a $24.00 price target on the stock. Stephens‘s price objective would suggest a potential upside of 8.40% from the company’s previous close.

A number of other equities analysts have also recently issued reports on UPST. Piper Sandler increased their price objective on shares of Upstart from $46.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Truist Financial decreased their target price on shares of Upstart from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday. BTIG Research lowered their target price on shares of Upstart from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday. Mizuho set a $35.00 price target on shares of Upstart in a research report on Wednesday. Finally, Weiss Ratings cut shares of Upstart from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, September 28th. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Upstart currently has a consensus rating of “Hold” and an average price target of $32.40.

Upstart Trading Down 5.3%

UPST opened at $22.14 on Wednesday. The stock has a market cap of $2.15 billion, a PE ratio of 37.53, a P/E/G ratio of 1.19 and a beta of 2.48. Upstart has a 1 year low of $20.59 and a 1 year high of $52.10. The stock’s 50 day simple moving average is $24.67 and its 200-day simple moving average is $29.51.

Upstart (NASDAQ:UPST) last issued its earnings results on Tuesday, November 3rd. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.20 by $0.13. Upstart had a return on equity of 9.67% and a net margin of 4.86%. The firm had revenue of $370.52 million during the quarter, compared to analysts’ expectations of $362.68 million. During the same period last year, the business earned $0.23 earnings per share. Upstart’s quarterly revenue was up 33.7% compared to the same quarter last year. Equities analysts forecast that Upstart will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Upstart news, CFO Andrea Blankmeyer sold 3,000 shares of the 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 completion of the transaction, the chief financial officer directly owned 152,208 shares in the company, valued at $4,464,260.64. This represents a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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. Also, insider Natalia Mirgorodskaya sold 913 shares of Upstart stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $30.03, for a total value of $27,417.39. Following the transaction, the insider directly owned 35,875 shares of the company’s stock, valued at approximately $1,077,326.25. The trade was a 2.48% 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. Over the last ninety days, insiders have sold 148,652 shares of company stock valued at $4,133,720. 17.29% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Upstart

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Maxi Investments CY Ltd bought a new stake in shares of Upstart during the second quarter worth $6,852,000. Legal & General Group Plc acquired a new stake in shares of Upstart in the second quarter valued at $2,589,000. The Manufacturers Life Insurance Company bought a new position in shares of Upstart in the second quarter valued at about $1,557,000. Deutsche Bank AG bought a new position in shares of Upstart in the second quarter valued at about $3,385,000. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Upstart by 654.0% in the third quarter. SBI Securities Co. Ltd. now owns 126,246 shares of the company’s stock valued at $2,902,000 after buying an additional 109,502 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Upstart

Here are the key news stories impacting Upstart this week:

• Positive Sentiment: Upstart beat third-quarter revenue and earnings estimates and reported record contribution profit of $218 million. B. Riley maintained a “Buy” rating, signaling some analysts see potential upside. Upstart Stock Jumps On Earnings Beat As Full Year Outlook Is Cut Upstart Earns Buy Rating from B. Riley Financial
• Neutral Sentiment: Brokerage views remain mixed: sell-side firms collectively rate UPST “Hold,” while B. Riley is positive. Upstart Stock Rated Hold by Sell-Side Brokerages
• Negative Sentiment: The company lowered its 2026 revenue and adjusted EBITDA outlook, citing weaker consumer credit quality, higher funding costs and an elevated Upstart Macro Index—factors that point to increased loan-default risk. Those concerns may outweigh the quarterly beat. UPST Q3 Earnings Call Highlights Macro Risks and Revised Outlook
• Negative Sentiment: Several firms lowered their price expectations, including Stephens, Goldman Sachs, Morgan Stanley, Citigroup and Truist. The repeated cuts add to concerns about the outlook, even though some firms retain Buy ratings. Stephens Cuts Upstart Price Target Goldman Sachs Lowers Expectations for Upstart Morgan Stanley Lowers Expectations for Upstart Citigroup Issues Pessimistic Forecast for Upstart Truist Cuts Upstart Price Target

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.