Upstart (NASDAQ:UPST) Stock Gets Price Target Reduction from Truist Financial

Key Points

• Truist cut its Upstart price target to $30 from $40 but maintained a Buy rating, implying roughly 28% upside from the stock’s then-current price.
• Analyst opinion is mixed: MarketBeat reported a consensus Hold rating and an average price target of $37.31, with seven Buy, seven Hold, and three Sell ratings.
• Upstart reported quarterly results ahead of estimates: EPS was $0.33 versus $0.20 expected, while revenue rose 33.7% year over year to $370.52 million.

Upstart (NASDAQ:UPST - Get Free Report) had its target price reduced by analysts at Truist Financial from $40.00 to $30.00 in a report released on Wednesday, Benzinga reports. The firm presently has a "buy" rating on the stock. Truist Financial's price target would suggest a potential upside of 28.36% from the stock's current price.

UPST has been the topic of several other reports. Weiss Ratings lowered Upstart from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, September 28th. Piper Sandler increased their price target on Upstart from $46.00 to $51.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. BTIG Research decreased their price objective on Upstart from $43.00 to $40.00 and set a "buy" rating for the company in a report on Tuesday. Citigroup restated a "market underperform" rating on shares of Upstart in a research note on Thursday, October 15th. Finally, The Goldman Sachs Group dropped their price objective on shares of Upstart from $39.00 to $28.00 and set a "neutral" rating on the stock in a report on Tuesday, October 13th. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Upstart presently has an average rating of "Hold" and a consensus price target of $37.31.

Upstart Stock Up 9.4%

UPST traded up $2.00 during trading on Wednesday, hitting $23.37. 3,402,293 shares of the company traded hands, compared to its average volume of 4,670,026. Upstart has a one year low of $20.59 and a one year high of $52.10. The stock's fifty day moving average is $24.98 and its 200 day moving average is $29.76. The firm has a market cap of $2.27 billion, a P/E ratio of 47.70, a price-to-earnings-growth ratio of 0.75 and a beta of 2.48.

Upstart (NASDAQ:UPST - Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.13. Upstart had a net margin of 4.84% and a return on equity of 7.13%. The company had revenue of $370.52 million during the quarter, compared to analyst estimates of $362.68 million. During the same quarter last year, the business posted $0.23 EPS. Upstart's quarterly revenue was up 33.7% compared to the same quarter last year. On average, equities research analysts forecast that Upstart will post 0.72 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Paul Gu purchased 50,000 shares of the firm's stock in a transaction dated Thursday, September 10th. The shares were purchased at an average cost of $25.55 per share, for a total transaction of $1,277,500.00. Following the completion of the transaction, the chief executive officer directly owned 130,000 shares in the company, valued at approximately $3,321,500. This represents a 62.50% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Sanjay Datta sold 116,000 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $27.29, for a total transaction of $3,165,640.00. Following the completion of the sale, the insider directly owned 476,578 shares in the company, valued at approximately $13,005,813.62. The trade was a 19.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 148,652 shares of company stock valued at $4,133,720 in the last ninety days. 17.29% of the stock is owned by company insiders.

Institutional Trading of Upstart

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC raised its position in shares of Upstart by 76.7% during the 3rd quarter. Parallel Advisors LLC now owns 1,656 shares of the company's stock valued at $38,000 after buying an additional 719 shares in the last quarter. Asset Management One Co. Ltd. lifted 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 acquiring an additional 446 shares during the last quarter. Apollon Wealth Management LLC grew its position in Upstart by 3.2% in the third quarter. Apollon Wealth Management LLC now owns 32,995 shares of the company's stock worth $759,000 after acquiring an additional 1,027 shares in the last quarter. Sterling Capital Management LLC grew its position in Upstart by 838.2% in the third quarter. Sterling Capital Management LLC now owns 2,824 shares of the company's stock worth $65,000 after acquiring an additional 2,523 shares in the last quarter. Finally, Sepio Capital LP grew its position in Upstart by 4.3% in the third quarter. Sepio Capital LP now owns 24,300 shares of the company's stock worth $559,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 63.01% of the company's stock.

Key Upstart News

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.

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