Upstart’s (UPST) Buy Rating Reiterated at B. Riley Financial

Upstart (NASDAQ:UPST – Get Free Report)‘s stock had its “buy” rating restated by analysts at B. Riley Financial in a research note issued on Wednesday, Benzinga reports. They currently have a $42.00 price objective on the stock, down from their previous price objective of $54.00. B. Riley Financial‘s price target would suggest a potential upside of 85.46% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the company. Piper Sandler increased their price target on Upstart from $46.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Needham & Company LLC lowered their price objective on Upstart from $42.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday. Wall Street Zen raised Upstart from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Loop Capital started coverage on Upstart in a research report on Tuesday, September 8th. They set a “hold” rating and a $34.00 target price for the company. Finally, Bank of America reiterated a “neutral” rating and set a $28.00 target price on shares of Upstart in a research report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $37.94.

Check Out Our Latest Stock Analysis on Upstart

Upstart Trading Up 6.0%

Shares of NASDAQ:UPST traded up $1.28 on Wednesday, reaching $22.65. 1,870,220 shares of the company’s stock were exchanged, compared to its average volume of 4,661,780. The company has a fifty day moving average of $24.98 and a 200-day moving average of $29.76. Upstart has a twelve month low of $20.59 and a twelve month high of $52.10. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 46.78, a PEG ratio of 0.75 and a beta of 2.48.

Upstart (NASDAQ:UPST – Get Free Report) last announced its earnings results on Tuesday, November 3rd. The company reported $0.33 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 for the quarter, compared to analysts’ expectations of $362.68 million. During the same period last year, the firm earned $0.23 earnings per share. The business’s revenue for the quarter was up 33.7% on a year-over-year basis. As a group, equities research analysts forecast that Upstart will post 0.72 EPS for the current fiscal year.

Insider Activity

In related news, insider Natalia Mirgorodskaya sold 913 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $30.03, for a total transaction of $27,417.39. Following the sale, the insider owned 35,875 shares in the company, valued at approximately $1,077,326.25. This trade represents a 2.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 completion of the transaction, the chief financial officer directly owned 155,208 shares in the company, valued at $4,556,906.88. This trade represents a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders have sold a total of 148,652 shares of company stock valued at $4,133,720 over the last quarter. 17.29% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Upstart

A number of institutional investors have recently modified their holdings of UPST. Dimensional Fund Advisors LP lifted its position in shares of Upstart by 267.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,022,780 shares of the company’s stock worth $26,234,000 after buying an additional 744,190 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Upstart in the second quarter valued at about $9,681,000. First Trust Advisors LP grew its position in Upstart by 17.2% in the first quarter. First Trust Advisors LP now owns 373,455 shares of the company’s stock valued at $9,579,000 after acquiring an additional 54,908 shares during the last quarter. GC Wealth Management RIA LLC raised its stake in Upstart by 38.1% during the first quarter. GC Wealth Management RIA LLC now owns 344,646 shares of the company’s stock worth $8,840,000 after acquiring an additional 95,172 shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new position in Upstart during the second quarter worth about $8,461,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Key Upstart News

Here are the key news stories impacting Upstart this week:

  • Positive Sentiment: Q3 revenue was about $370.5 million, up 33.7% year over year and ahead of estimates. Adjusted earnings per share were also reported above consensus in the company’s results coverage. Earnings report
  • Positive Sentiment: Upstart achieved record contribution profit in Q3, and its secured-loan business turned profitable—signs of improved operating performance despite a challenging environment. Three key takeaways from Upstart’s report
  • Neutral Sentiment: BTIG and Needham lowered their price targets to $40 and $30, respectively, but both maintained Buy ratings. The cuts signal more cautious expectations, while the ratings remain supportive. BTIG analyst ratings
  • Negative Sentiment: Management’s outlook was cautious: coverage cited lower full-year guidance, including reduced EBITDA expectations and concerns about macro headwinds and balance-sheet pressure. This tempered the impact of the quarterly beat and contributed to volatile trading around the report. Q3 results and 2026 outlook

Upstart Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Upstart (NASDAQ:UPST)

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