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

Upstart (NASDAQ:UPST) had its target price reduced by Truist Financial from $40.00 to $30.00 in a research report report published on Wednesday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on UPST. Citigroup reissued a “market underperform” rating on shares of Upstart in a research note on Thursday, October 15th. Citizens Jmp lowered their price target on Upstart from $20.00 to $18.00 and set a “market underperform” rating for the company in a research report on Thursday, October 15th. Loop Capital started coverage on shares of Upstart in a research note on Tuesday, September 8th. They issued a “hold” rating and a $34.00 price target on the stock. Weiss Ratings downgraded shares of Upstart from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, September 28th. Finally, Needham & Company LLC reduced their price objective on shares of Upstart from $42.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Upstart currently has an average rating of “Hold” and an average price target of $32.40.

Upstart Stock Performance

Shares of UPST traded down $0.25 during mid-day trading on Wednesday, reaching $21.89. The company had a trading volume of 4,573,996 shares, compared to its average volume of 4,074,217. The firm has a 50-day moving average price of $24.50 and a 200 day moving average price of $29.40. Upstart has a 52 week low of $20.59 and a 52 week high of $52.10. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 37.10, a price-to-earnings-growth ratio of 0.75 and a beta of 2.48.

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

Insiders Place Their Bets

In other Upstart news, insider Natalia Mirgorodskaya sold 913 shares of Upstart stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $30.03, for a total value of $27,417.39. Following the completion of the sale, the insider owned 35,875 shares of the company’s stock, valued at approximately $1,077,326.25. This trade represents a 2.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sanjay Datta sold 116,000 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $27.29, for a total value of $3,165,640.00. Following the completion of the transaction, the insider owned 476,578 shares of the company’s stock, valued at $13,005,813.62. This represents a 19.58% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 148,652 shares of company stock valued at $4,133,720. 17.29% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Upstart

Hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC raised its position in Upstart by 76.7% in the 3rd quarter. Parallel Advisors LLC now owns 1,656 shares of the company’s stock worth $38,000 after buying an additional 719 shares during the last quarter. Asset Management One Co. Ltd. boosted 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 valued at $41,000 after acquiring an additional 446 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Upstart by 274.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,842 shares of the company’s stock valued at $47,000 after acquiring an additional 1,350 shares during the last quarter. Hollencrest Capital Management bought a new stake in shares of Upstart in the first quarter worth approximately $51,000. Finally, Sterling Capital Management LLC grew its stake in shares of 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 during the period. 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 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

About Upstart

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.