Upstart (NASDAQ:UPST) Stock Gets Price Target Trim from Needham & Company LLC

Upstart (NASDAQ:UPST) had its price objective trimmed by Needham & Company LLC from $42.00 to $30.00 in a report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also commented on UPST. Piper Sandler raised 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. Wall Street Zen upgraded Upstart from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. BTIG Research reissued a “buy” rating and set a $43.00 target price on shares of Upstart in a research note on Tuesday, September 22nd. Citizens Jmp lowered their target price on Upstart from $20.00 to $18.00 and set a “market underperform” rating for the company in a research note on Thursday, October 15th. Finally, Loop Capital assumed coverage on shares of Upstart in a report on Tuesday, September 8th. They set a “hold” rating and a $34.00 target price on the stock. Seven 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $32.40.

Upstart Trading Down 5.3%

Shares of Upstart stock opened at $22.14 on Tuesday. The stock’s fifty day simple moving average is $24.67 and its 200 day simple moving average is $29.51. The company has a market capitalization of $2.15 billion, a PE ratio of 37.53, a PEG ratio of 1.19 and a beta of 2.48. Upstart has a 12 month low of $20.59 and a 12 month high of $52.10.

Upstart (NASDAQ:UPST) last posted its earnings results on Tuesday, November 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.13. Upstart had a return on equity of 9.67% and a net margin of 4.86%. The firm had revenue of $370.52 million during the quarter, compared to analysts’ expectations of $362.68 million. During the same period in the previous year, the firm earned $0.23 earnings per share. The company’s revenue was up 33.7% on a year-over-year basis. Analysts predict that Upstart will post 0.72 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Sanjay Datta sold 116,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider owned 476,578 shares in the company, valued at $13,005,813.62. This represents a 19.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Andrea Blankmeyer sold 7,175 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $29.36, for a total value of $210,658.00. Following the sale, the chief financial officer owned 155,208 shares in the company, valued at approximately $4,556,906.88. This represents a 4.42% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 148,652 shares of company stock worth $4,133,720 over the last 90 days. Company insiders own 17.29% of the company’s stock.

Institutional Trading of Upstart

Several institutional investors and hedge funds have recently added to or reduced their stakes in UPST. Parallel Advisors LLC lifted its stake in 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 during the last quarter. Asset Management One Co. Ltd. grew its holdings in Upstart by 33.2% during the third quarter. Asset Management One Co. Ltd. now owns 1,790 shares of the company’s stock worth $41,000 after purchasing an additional 446 shares during the period. Geneos Wealth Management Inc. grew its holdings in Upstart by 274.4% during the first quarter. Geneos Wealth Management Inc. now owns 1,842 shares of the company’s stock worth $47,000 after purchasing an additional 1,350 shares during the period. Rakuten Securities Inc. acquired a new position in Upstart during the second quarter worth approximately $67,000. Finally, Hollencrest Capital Management acquired a new position in Upstart during the first quarter worth approximately $51,000. 63.01% of the stock is owned by institutional investors.

Upstart News Summary

Here are the key news stories impacting Upstart this week:

• Positive Sentiment: Upstart reported Q3 diluted EPS of $0.33, above the $0.20 consensus estimate, and revenue of $370.5 million, ahead of forecasts. Contribution profit reached a record $218 million, highlighting stronger operating performance. Upstart Stock Jumps On Earnings Beat As Full Year Outlook Is Cut
• Negative Sentiment: The company cut its 2026 revenue and adjusted EBITDA outlook, citing weaker consumer credit quality, higher funding costs and a 1.53 Upstart Macro Index reading, which signals elevated default risk. This caution tempered the impact of the earnings beat. UPST Q3 Earnings Call Highlights Macro Risks and Revised Outlook
• Negative Sentiment: Several analysts lowered price targets after the results, including Morgan Stanley and Goldman Sachs, reflecting more cautious expectations. Some firms kept Buy ratings, but target reductions reinforce concerns about the revised outlook. Morgan Stanley analyst update

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.