Upstart (NASDAQ:UPST) Price Target Cut to $46.00 by Analysts at Citigroup

Upstart (NASDAQ:UPST) had its price target cut by investment analysts at Citigroup from $61.00 to $46.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup‘s target price points to a potential upside of 96.75% from the company’s previous close.

A number of other equities analysts also recently weighed in on UPST. Truist Financial cut their target price on Upstart from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday. Morgan Stanley lowered their target price on Upstart from $35.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Bank of America reissued a “neutral” rating and issued a $28.00 price target on shares of Upstart in a report on Wednesday. Citizens Jmp reduced their price target on shares of Upstart from $20.00 to $18.00 and set a “market underperform” rating for the company in a research report on Thursday, October 15th. Finally, Loop Capital initiated coverage on shares of Upstart in a research report on Tuesday, September 8th. They set a “hold” rating and a $34.00 price target for the company. Eight equities research 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $34.44.

Upstart Stock Performance

UPST traded up $2.01 during midday trading on Wednesday, reaching $23.38. 7,814,044 shares of the company were exchanged, compared to its average volume of 4,691,957. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 47.71, a price-to-earnings-growth ratio of 0.75 and a beta of 2.48. Upstart has a one year low of $20.59 and a one year high of $52.10. The company’s fifty day moving average price is $24.98 and its 200 day moving average price is $29.76.

Upstart (NASDAQ:UPST) last issued 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. The business had revenue of $370.52 million for the quarter, compared to analysts’ expectations of $362.68 million. Upstart had a return on equity of 7.13% and a net margin of 4.84%. The business’s revenue was up 33.7% on a year-over-year basis. During the same period last year, the business earned $0.23 EPS. As a group, sell-side analysts anticipate that Upstart will post 0.72 earnings per share for the current fiscal year.

Insider Transactions at Upstart

In related news, CFO Andrea Blankmeyer sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $29.33, for a total value of $87,990.00. Following the completion of the transaction, the chief financial officer directly owned 152,208 shares of the company’s stock, valued at approximately $4,464,260.64. This trade represents a 1.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 stock was sold at an average price of $30.03, for a total value of $27,417.39. Following the sale, the insider directly owned 35,875 shares in the company, valued at $1,077,326.25. This trade represents a 2.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 148,652 shares of company stock worth $4,133,720. Insiders own 17.29% of the company’s stock.

Institutional Trading of Upstart

Several institutional investors and hedge funds have recently modified their holdings of the business. Fulcrum Asset Management LLP lifted its holdings in shares of Upstart by 54,430.1% in the 3rd quarter. Fulcrum Asset Management LLP now owns 95,973 shares of the company’s stock worth $2,221,000 after acquiring an additional 95,797 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Upstart by 76.7% in the 3rd quarter. Parallel Advisors LLC now owns 1,656 shares of the company’s stock valued at $38,000 after purchasing an additional 719 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Upstart by 33.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,790 shares of the company’s stock valued at $41,000 after purchasing an additional 446 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in shares of Upstart by 3.2% during the 3rd quarter. Apollon Wealth Management LLC now owns 32,995 shares of the company’s stock valued at $759,000 after purchasing an additional 1,027 shares during the last quarter. Finally, Sterling Capital Management LLC grew its holdings in shares of Upstart by 838.2% during the 3rd quarter. Sterling Capital Management LLC now owns 2,824 shares of the company’s stock valued at $65,000 after purchasing an additional 2,523 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Trending Headlines about Upstart

Here are the key news stories impacting Upstart this week:

• Positive Sentiment: Upstart reported better-than-expected quarterly results, including 34% year-over-year revenue growth and record contribution profit. Its secured-loan business also turned profitable, supporting the case that operations are improving despite a difficult environment. Article: 3 Key Takeaways From Upstart’s Latest Report
• Positive Sentiment: The results have sparked a sharp rebound, potentially reflecting investor relief that Upstart delivered solid growth and profitability amid macroeconomic challenges. However, the stock remains substantially lower for the year, so the rally has not yet reversed its broader weakness. Article: Upstart Is Still Down 46% This Year
• Negative Sentiment: Management’s 2026 outlook was reduced as rising credit risks, funding costs and balance-sheet pressure cloud the growth outlook. These concerns temper the otherwise strong quarterly performance and may limit confidence in a sustained recovery. Article: UPST Q3 Earnings Call Highlights
• Negative Sentiment: Several firms lowered their price targets, including Morgan Stanley, Goldman Sachs and Stephens, which moved to equal-weight or neutral ratings. Truist and B. Riley kept buy ratings but also cut their targets—signaling that analysts see meaningful risks even where they still expect potential upside.

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.