Truist Financial Issues Pessimistic Forecast for Upstart (NASDAQ:UPST) Stock Price

Upstart (NASDAQ:UPST) had its price target cut by equities researchers 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 objective would suggest a potential upside of 28.36% from the company’s previous close.

UPST has been the subject of several other reports. Citigroup restated a “market underperform” rating on shares of Upstart in a research report on Thursday, October 15th. B. Riley Financial reissued a “buy” rating and issued a $42.00 target price (down from $54.00) on shares of Upstart in a research note on Wednesday. Needham & Company LLC dropped their target price on Upstart from $42.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday. Citizens Jmp reduced their price target on Upstart from $20.00 to $18.00 and set a “market underperform” rating on the stock in a research report on Thursday, October 15th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $28.00 price target on shares of Upstart in a research note on Wednesday. Seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Upstart has a consensus rating of “Hold” and a consensus target price of $37.31.

Upstart Stock Performance

NASDAQ:UPST traded up $2.00 during mid-day trading on Wednesday, reaching $23.37. The stock had a trading volume of 3,402,293 shares, compared to its average volume of 4,670,026. The stock has a market capitalization of $2.27 billion, a P/E ratio of 47.70, a P/E/G ratio of 0.75 and a beta of 2.48. The firm has a 50 day moving average price of $24.98 and a two-hundred day moving average price of $29.76. Upstart has a one year low of $20.59 and a one year high of $52.10.

Upstart (NASDAQ:UPST) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 4.84% and a return on equity of 7.13%. The business’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period last year, the business earned $0.23 earnings per share. Research analysts forecast that Upstart will post 0.72 earnings per share for the current year.

Insider Transactions at Upstart

In other Upstart news, CEO Paul Gu purchased 50,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was bought at an average cost of $25.55 per share, with a total value of $1,277,500.00. Following the transaction, the chief executive officer directly owned 130,000 shares in the company, valued at approximately $3,321,500. The trade was a 62.50% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 owned 155,208 shares of the company’s stock, valued at $4,556,906.88. The trade was a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 three months, insiders sold 148,652 shares of company stock worth $4,133,720. Corporate insiders own 17.29% of the company’s stock.

Hedge Funds Weigh In On Upstart

A number of hedge funds have recently bought and sold shares of UPST. 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 worth $38,000 after buying an additional 719 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Upstart by 33.2% in the third 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 period. Geneos Wealth Management Inc. increased its position in Upstart by 274.4% during the first 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 purchased a new stake in Upstart during the first quarter valued at $51,000. Finally, Sterling Capital Management LLC increased its position in Upstart by 838.2% during the third quarter. Sterling Capital Management LLC now owns 2,824 shares of the company’s stock valued at $65,000 after acquiring an additional 2,523 shares during the last quarter. Hedge funds and other 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

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.