Upstart (NASDAQ:UPST) Stock Gets Price Target Cut from BTIG Research

Upstart (NASDAQ:UPST) had its price objective decreased by BTIG Research from $43.00 to $40.00 in a research report report published on Tuesday,Benzinga reports. BTIG Research currently has a buy rating on the stock.

Other equities analysts have also issued reports about the company. Wall Street Zen raised Upstart from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Citigroup reissued a “market underperform” rating on shares of Upstart in a research report on Thursday, October 15th. Weiss Ratings downgraded shares of Upstart from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, September 28th. Piper Sandler raised their price target on shares of Upstart from $46.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group dropped their price target on shares of Upstart from $39.00 to $28.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 13th. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $32.40.

Upstart Trading Down 5.3%

NASDAQ UPST opened at $22.14 on Tuesday. The business’s 50-day moving average price is $24.67 and its two-hundred day moving average price is $29.51. Upstart has a 12 month low of $20.59 and a 12 month high of $52.10. The firm has a market capitalization of $2.15 billion, a PE ratio of 37.53, a price-to-earnings-growth ratio of 1.19 and a beta of 2.48.

Upstart (NASDAQ:UPST) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.33 earnings per share for the quarter, beating 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 company had revenue of $370.52 million during the quarter, compared to analysts’ expectations of $362.68 million. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The business’s quarterly revenue was up 33.7% on a year-over-year basis. As a group, analysts forecast that Upstart will post 0.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Natalia Mirgorodskaya sold 913 shares of Upstart stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $30.03, for a total value of $27,417.39. Following the completion of the transaction, the insider directly owned 35,875 shares of the company’s stock, valued at approximately $1,077,326.25. This trade represents a 2.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sanjay Datta sold 116,000 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $27.29, for a total value of $3,165,640.00. Following the completion of the transaction, the insider directly owned 476,578 shares in the company, valued at $13,005,813.62. This represents a 19.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 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.

Institutional Investors Weigh In On Upstart

Several large investors have recently added to or reduced their stakes in the business. Fulcrum Asset Management LLP increased its holdings in Upstart by 54,430.1% in the third 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 boosted its holdings in shares of Upstart by 76.7% during the 3rd quarter. Parallel Advisors LLC now owns 1,656 shares of the company’s stock worth $38,000 after buying an additional 719 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Upstart by 33.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,790 shares of the company’s stock worth $41,000 after buying an additional 446 shares in the last quarter. Apollon Wealth Management LLC boosted its holdings in shares of Upstart by 3.2% during the 3rd 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 shares of Upstart by 838.2% during the 3rd 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. Institutional investors and hedge funds own 63.01% of the company’s stock.

Upstart News Roundup

Here are the key news stories impacting Upstart this week:

• Positive Sentiment: Upstart reported Q3 diluted EPS of $0.33, above the $0.20 consensus estimate, and revenue of $370.5 million, ahead of forecasts. Contribution profit reached a record $218 million, highlighting stronger operating performance. Upstart Stock Jumps On Earnings Beat As Full Year Outlook Is Cut
• Negative Sentiment: The company cut its 2026 revenue and adjusted EBITDA outlook, citing weaker consumer credit quality, higher funding costs and a 1.53 Upstart Macro Index reading, which signals elevated default risk. This caution tempered the impact of the earnings beat. UPST Q3 Earnings Call Highlights Macro Risks and Revised Outlook
• Negative Sentiment: Several analysts lowered price targets after the results, including Morgan Stanley and Goldman Sachs, reflecting more cautious expectations. Some firms kept Buy ratings, but target reductions reinforce concerns about the revised outlook. Morgan Stanley analyst update

About Upstart

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.