Upstart (NASDAQ:UPST) Stock Gets Price Target Reduction from The Goldman Sachs Group

Posted by Brenda Bartman on Oct 16th, 2026

Upstart (NASDAQ:UPST – Free Report) had its target price trimmed by The Goldman Sachs Group from $39.00 to $28.00 in a research report released on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has a neutral rating on the stock.

UPST has been the subject of several other research reports. Citigroup dropped their price objective on shares of Upstart from $80.00 to $61.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Needham & Company LLC restated a “buy” rating and set a $42.00 target price on shares of Upstart in a research report on Tuesday, October 6th. BTIG Research reaffirmed a “buy” rating and set a $43.00 target price on shares of Upstart in a report on Tuesday, September 22nd. Weiss Ratings cut shares of Upstart from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, September 28th. Finally, Wall Street Zen upgraded shares of Upstart from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $42.94.

Read Our Latest Report on UPST

Upstart Price Performance

UPST stock opened at $24.75 on Tuesday. Upstart has a fifty-two week low of $22.21 and a fifty-two week high of $55.22. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 50.51, a PEG ratio of 0.80 and a beta of 2.43. The business’s fifty day moving average price is $26.68 and its two-hundred day moving average price is $29.15.

Upstart (NASDAQ:UPST – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Upstart had a net margin of 4.84% and a return on equity of 7.13%. The business had revenue of $364.71 million during the quarter, compared to the consensus estimate of $354.74 million. During the same period in the previous year, the firm posted $0.36 EPS. The company’s revenue was up 41.9% compared to the same quarter last year. Research analysts expect that Upstart will post 0.72 EPS for the current year.

Insider Activity

In related news, insider Sanjay Datta sold 116,000 shares of Upstart stock in a transaction that occurred on 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 transaction, the insider directly owned 476,578 shares of the company’s stock, valued at $13,005,813.62. This trade represents a 19.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Andrea Blankmeyer sold 3,000 shares of Upstart stock in a transaction that occurred on Wednesday, August 19th. The shares were 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 trade represents 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. Over the last quarter, insiders have sold 148,652 shares of company stock worth $4,133,720. Insiders own 17.29% of the company’s stock.

Hedge Funds Weigh In On Upstart

Several hedge funds and other institutional investors have recently modified their holdings of UPST. Maxi Investments CY Ltd bought a new stake in shares of Upstart during the 2nd quarter worth $6,852,000. Azora Capital LP acquired a new stake in Upstart in the fourth quarter valued at about $38,580,000. Legal & General Group Plc acquired a new stake in Upstart in the second quarter valued at about $2,589,000. Deutsche Bank AG acquired a new stake in Upstart in the second quarter valued at about $3,385,000. Finally, The Manufacturers Life Insurance Company bought a new position in Upstart in the second quarter valued at about $1,557,000. Institutional investors own 63.01% of the company’s stock.

Upstart Company Profile

(Get Free Report)

Upstart Holdings, Inc (NASDAQ: UPST) operates an artificial intelligence-powered lending platform that connects consumers seeking credit with banks and credit unions. Its technology is designed to evaluate a broader range of borrower information than traditional credit-scoring methods, with the goal of helping lending partners assess risk and automate portions of the application and underwriting process.

The company’s platform supports lending products including personal loans, automotive loans and refinancing, and home equity lines of credit.