Upstart (NASDAQ:UPST) Stock Price Target Cut by Citigroup

Upstart (NASDAQ:UPST) had its price target cut by investment analysts at Citigroup from $61.00 to $46.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup‘s price objective indicates a potential upside of 96.75% from the company’s previous close.

UPST has been the topic of several other research reports. Stephens cut their target price on shares of Upstart from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday. B. Riley Financial reiterated a “buy” rating and set a $42.00 price target (down from $54.00) on shares of Upstart in a report on Wednesday. Weiss Ratings cut shares of Upstart from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, September 28th. Loop Capital assumed coverage on shares of Upstart in a report on Tuesday, September 8th. They issued a “hold” rating and a $34.00 price target on the stock. Finally, Needham & Company LLC decreased their price objective on shares of Upstart from $42.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $34.44.

Upstart Stock Performance

UPST stock traded up $2.01 during trading on Wednesday, hitting $23.38. 7,814,044 shares of the company traded hands, compared to its average volume of 4,691,957. The firm has a market capitalization of $2.28 billion, a PE ratio of 47.71, a P/E/G ratio of 0.75 and a beta of 2.48. Upstart has a 1 year low of $20.59 and a 1 year high of $52.10. The company has a 50-day moving average of $24.98 and a 200-day moving average of $29.76.

Upstart (NASDAQ:UPST) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. Upstart had a return on equity of 7.13% and a net margin of 4.84%. The business had revenue of $370.52 million for the quarter, compared to analysts’ expectations of $362.68 million. During the same period in the previous year, the firm earned $0.23 EPS. The business’s quarterly revenue was up 33.7% on a year-over-year basis. Sell-side analysts expect that Upstart will post 0.72 EPS for the current year.

Insiders Place Their Bets

In related news, insider Natalia Mirgorodskaya sold 913 shares of the firm’s 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 $1,077,326.25. This trade represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Paul Gu purchased 50,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was bought at an average price of $25.55 per share, for a total transaction of $1,277,500.00. Following the acquisition, the chief executive officer owned 130,000 shares of the company’s stock, valued at $3,321,500. This represents a 62.50% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 148,652 shares of company stock worth $4,133,720 in the last ninety days. Insiders own 17.29% of the company’s stock.

Institutional Trading of Upstart

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings 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 acquiring an additional 744,190 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Upstart in the 2nd quarter valued at approximately $9,681,000. First Trust Advisors LP lifted its stake in shares of Upstart by 17.2% in the 1st quarter. First Trust Advisors LP now owns 373,455 shares of the company’s stock valued at $9,579,000 after purchasing an additional 54,908 shares during the period. GC Wealth Management RIA LLC lifted its stake in shares of Upstart by 38.1% in the 1st quarter. GC Wealth Management RIA LLC now owns 344,646 shares of the company’s stock valued at $8,840,000 after purchasing an additional 95,172 shares during the period. Finally, Alberta Investment Management Corp bought a new stake in shares of Upstart during the second quarter valued at approximately $8,461,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

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.