Upstart (NASDAQ:UPST) Research Coverage Started at Stephens

Stephens assumed coverage on shares of Upstart (NASDAQ:UPST) in a research report sent to investors on Wednesday, Marketbeat.com reports. The firm issued an equal weight rating and a $24.00 target price on the stock.

UPST has been the subject of a number of other research reports. Mizuho set a $35.00 target price on shares of Upstart in a report on Wednesday. Morgan Stanley cut their price objective on shares of Upstart from $35.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday. The Goldman Sachs Group reduced their target price on shares of Upstart from $28.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday. Wall Street Zen upgraded shares of Upstart from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Piper Sandler increased their price target 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. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $32.40.

Upstart Price Performance

NASDAQ:UPST traded down $0.25 during midday trading on Wednesday, hitting $21.89. The company’s stock had a trading volume of 4,573,996 shares, compared to its average volume of 4,074,217. Upstart has a fifty-two week low of $20.59 and a fifty-two week high of $52.10. The firm has a market cap of $2.13 billion, a P/E ratio of 37.10, a P/E/G ratio of 0.75 and a beta of 2.48. The firm’s 50 day moving average is $24.50 and its 200-day moving average is $29.40.

Upstart (NASDAQ:UPST) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. Upstart had a net margin of 4.84% and a return on equity of 7.13%. The firm had revenue of $370.52 million for the quarter, compared to analyst estimates of $362.68 million. During the same quarter in the prior year, the business earned $0.23 earnings per share. The business’s quarterly revenue was up 33.7% compared to the same quarter last year. As a group, analysts forecast that Upstart will post 0.72 EPS for the current year.

Insider Buying and Selling

In other news, CFO Andrea Blankmeyer sold 7,175 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $29.36, for a total transaction of $210,658.00. Following the completion of the transaction, the chief financial officer directly owned 155,208 shares of the company’s stock, valued at approximately $4,556,906.88. This represents a 4.42% decrease in their position. 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 the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $30.03, for a total value of $27,417.39. Following the completion of the transaction, the insider owned 35,875 shares in the company, valued at approximately $1,077,326.25. The trade was a 2.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 148,652 shares of company stock worth $4,133,720. 17.29% of the stock is owned by corporate insiders.

Institutional Trading of Upstart

A number of large investors have recently bought and sold shares of the business. Maxi Investments CY Ltd purchased a new position in shares of Upstart during the 2nd quarter worth approximately $6,852,000. Legal & General Group Plc purchased a new position in Upstart in the 2nd quarter valued at approximately $2,589,000. The Manufacturers Life Insurance Company purchased a new position in shares of Upstart during the 2nd quarter worth approximately $1,557,000. Deutsche Bank AG purchased a new position in Upstart in the 2nd quarter valued at about $3,385,000. Finally, SBI Securities Co. Ltd. grew its position 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 purchasing an additional 109,502 shares during the period. 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

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.