Upstart (NASDAQ:UPST) Price Target Cut to $24.00 by Analysts at The Goldman Sachs Group

Upstart (NASDAQ:UPST) had its price target lowered by stock analysts at The Goldman Sachs Group from $28.00 to $24.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group‘s price objective would suggest a potential upside of 1.33% from the company’s previous close.

Several other analysts have also recently commented on UPST. Wall Street Zen upgraded Upstart from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Truist Financial cut their price objective on shares of Upstart from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday. Needham & Company LLC decreased their target price on shares of Upstart from $42.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday. Mizuho set a $35.00 price target on shares of Upstart in a research report on Wednesday. Finally, Piper Sandler increased their price target on shares of Upstart from $46.00 to $51.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Upstart has an average rating of “Hold” and a consensus price target of $37.06.

Upstart Trading Up 10.8%

Shares of NASDAQ:UPST traded up $2.31 on Wednesday, hitting $23.68. The company had a trading volume of 4,086,034 shares, compared to its average volume of 4,673,232. The company has a market cap of $2.30 billion, a PE ratio of 48.32, a PEG ratio of 0.75 and a beta of 2.48. Upstart has a 52-week low of $20.59 and a 52-week high of $52.10. The business has a 50 day moving average of $24.98 and a 200 day moving average of $29.76.

Upstart (NASDAQ:UPST) last announced its 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. The firm had revenue of $370.52 million during the quarter, compared to the consensus estimate of $362.68 million. Upstart had a net margin of 4.84% and a return on equity of 7.13%. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.23 EPS. As a group, equities analysts predict that Upstart will post 0.72 EPS for the current year.

Insider Buying and Selling at Upstart

In related news, insider Sanjay Datta sold 116,000 shares of the firm’s 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 owned 476,578 shares in the company, valued at approximately $13,005,813.62. This trade represents a 19.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Andrea Blankmeyer sold 7,175 shares of Upstart stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $29.36, for a total transaction of $210,658.00. Following the transaction, the chief financial officer directly owned 155,208 shares in the company, valued at approximately $4,556,906.88. This trade represents a 4.42% 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 ninety days, insiders have sold 148,652 shares of company stock worth $4,133,720. 17.29% of the stock is currently owned by corporate insiders.

Institutional Trading of Upstart

A number of institutional investors have recently added to or reduced their stakes in UPST. Dimensional Fund Advisors LP raised its position in Upstart by 267.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,022,780 shares of the company’s stock valued at $26,234,000 after purchasing an additional 744,190 shares during the period. First Trust Advisors LP lifted its stake in shares of Upstart by 17.2% during the first quarter. First Trust Advisors LP now owns 373,455 shares of the company’s stock worth $9,579,000 after purchasing an additional 54,908 shares in the last quarter. GC Wealth Management RIA LLC lifted its stake in shares of Upstart by 38.1% during the first 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. Bank of New York Mellon Corp purchased a new stake in shares of Upstart in the second quarter worth about $9,681,000. Finally, Alberta Investment Management Corp purchased a new stake in shares of Upstart in the second quarter worth about $8,461,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Upstart

Here are the key news stories impacting Upstart this week:

• Positive Sentiment: Upstart reported better-than-expected Q3 results, with revenue up about 34% year over year. Contribution profit reached a record, and its secured-loan business turned profitable—signs of improving business performance despite a challenging environment. 3 Key Takeaways From Upstart’s Latest Report
• Neutral Sentiment: B. Riley and BTIG reaffirmed Buy ratings, while lowering their price targets to $42 and $40, respectively. The continued Buy ratings are supportive, but the target reductions signal more cautious expectations. B. Riley recommendations
• Negative Sentiment: Management lowered its 2026 outlook, citing macroeconomic risks, rising credit risk and higher funding costs. Balance-sheet pressure may constrain growth and profitability, tempering the positive impact of the Q3 beat. UPST Q3 Earnings Call Highlights Macro Risks and Revised Outlook

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.