Upstart (NASDAQ:UPST – Free Report) had its price target trimmed by Citigroup from $61.00 to $46.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.
Other equities analysts also recently issued research reports about the company. Mizuho set a $35.00 price target on Upstart in a research report on Wednesday. The Goldman Sachs Group cut their price objective on Upstart from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday. Stephens assumed coverage on Upstart in a research note on Wednesday. They set an “equal weight” rating and a $24.00 target price for the company. B. Riley Financial reissued a “buy” rating and set a $42.00 target price (down from $54.00) on shares of Upstart in a report on Wednesday. Finally, Morgan Stanley cut their price target on Upstart from $35.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $32.40.
Read Our Latest Stock Analysis on Upstart
Upstart Trading Down 1.1%
Shares of NASDAQ UPST traded down $0.25 during midday trading on Wednesday, reaching $21.89. The company’s stock had a trading volume of 4,573,996 shares, compared to its average volume of 4,074,217. The stock has a 50 day simple moving average of $24.50 and a 200-day simple moving average of $29.40. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 37.10, a PEG ratio of 0.75 and a beta of 2.48. Upstart has a fifty-two week low of $20.59 and a fifty-two week high of $52.10.
Upstart (NASDAQ:UPST – Get Free Report) last announced its quarterly earnings data 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 7.13% and a net margin of 4.84%. The company had revenue of $370.52 million during the quarter, compared to analysts’ expectations of $362.68 million. During the same quarter last year, the company earned $0.23 EPS. Upstart’s revenue for the quarter was up 33.7% compared to the same quarter last year. As a group, equities analysts anticipate that Upstart will post 0.72 EPS for the current year.
Insider Transactions at Upstart
In other Upstart news, CEO Paul Gu purchased 50,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were acquired at an average cost of $25.55 per share, with a total value of $1,277,500.00. Following the completion of the transaction, the chief executive officer owned 130,000 shares in the company, valued at $3,321,500. The trade was a 62.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $27,417.39. Following the completion of the sale, the insider owned 35,875 shares of the company’s stock, valued at $1,077,326.25. This trade represents a 2.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 148,652 shares of company stock valued at $4,133,720. Corporate insiders own 17.29% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in Upstart by 267.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,022,780 shares of the company’s stock worth $26,234,000 after buying an additional 744,190 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Upstart during the 2nd quarter valued at $9,681,000. First Trust Advisors LP lifted its position in shares of Upstart by 17.2% during the 1st quarter. First Trust Advisors LP now owns 373,455 shares of the company’s stock valued at $9,579,000 after acquiring an additional 54,908 shares during the period. GC Wealth Management RIA LLC grew its holdings in shares of Upstart by 38.1% during the 1st quarter. GC Wealth Management RIA LLC now owns 344,646 shares of the company’s stock worth $8,840,000 after purchasing an additional 95,172 shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new stake in shares of Upstart during the 2nd quarter worth $8,461,000. Institutional investors and hedge funds own 63.01% of the company’s stock.
Key Headlines Impacting Upstart
Here are the key news stories impacting Upstart this week:
- Positive Sentiment: Upstart reported third-quarter net income of $36.58 million and diluted EPS of $0.33, beating analyst estimates. Revenue also topped expectations, and contribution profit reached a record $218 million. Upstart Stock Jumps On Earnings Beat As Full Year Outlook Is Cut
- Positive Sentiment: B. Riley reiterated a positive view by assigning Upstart a “Buy” rating. Upstart Earns Buy Rating from B. Riley Financial
- Neutral Sentiment: Sell-side brokerages’ overall rating was reported as “Hold,” suggesting analysts remain divided rather than broadly bullish or bearish. Upstart Stock Rated Hold by Sell-Side Brokerages
- Negative Sentiment: Despite the earnings beat, Upstart lowered its 2026 revenue and adjusted EBITDA outlook, citing weaker consumer credit quality, higher funding costs, and a higher Upstart Macro Index reading—indicating elevated default risk. Upstart Stock Jumps On Earnings Beat As Full Year Outlook Is Cut
- Negative Sentiment: Several firms lowered their price expectations, including Stephens, Goldman Sachs, Morgan Stanley, Citigroup, Truist, Needham, and BTIG. Citigroup’s earlier target was cut from $61 to $46, though it retained a Buy rating. These revisions may reinforce concerns about the company’s near-term outlook. Stephens Cuts Upstart Price Target Truist Cuts Upstart Price Target Citigroup Lowers Upstart Price Target
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.
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