Upstart Holdings, Inc. (NASDAQ:UPST) Stock Has Average Price Target of $32.40

Upstart Holdings, Inc. (NASDAQ:UPST) has earned an average rating of “Hold” from the seventeen ratings firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $32.40.

Several research analysts have recently commented on the company. The Goldman Sachs Group decreased their target price on Upstart from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, November 4th. Wall Street Zen raised Upstart from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. BTIG Research reduced their price objective on Upstart from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, November 3rd. Bank of America reaffirmed a “neutral” rating and issued a $28.00 price objective on shares of Upstart in a report on Wednesday. Finally, Mizuho set a $35.00 target price on shares of Upstart in a research note on Wednesday.

Upstart Price Performance

Upstart stock opened at $21.89 on Friday. Upstart has a 12-month low of $20.59 and a 12-month high of $52.10. The stock has a market capitalization of $2.17 billion, a P/E ratio of 37.10, a P/E/G ratio of 1.12 and a beta of 2.48. The firm’s 50-day moving average is $24.50 and its two-hundred day moving average is $29.40.

Upstart (NASDAQ:UPST) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.13. Upstart had a net margin of 4.86% and a return on equity of 9.67%. The business had revenue of $370.52 million for the quarter, compared to the consensus estimate of $362.68 million. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The company’s quarterly revenue was up 33.7% compared to the same quarter last year. As a group, analysts forecast that Upstart will post 0.72 EPS for the current year.

Key Stories Impacting 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

Insider Buying and Selling at Upstart

In other news, CFO Andrea Blankmeyer sold 7,175 shares of Upstart stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $29.36, for a total value of $210,658.00. Following the completion of the transaction, the chief financial officer directly owned 155,208 shares of the company’s stock, valued at approximately $4,556,906.88. The trade was a 4.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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. Also, insider Natalia Mirgorodskaya sold 913 shares of the business’s stock in a transaction dated 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 directly owned 35,875 shares of the company’s stock, valued at approximately $1,077,326.25. This represents a 2.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 148,652 shares of company stock valued at $4,133,720. Corporate insiders own 17.29% of the company’s stock.

Hedge Funds Weigh In On Upstart

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in shares of Upstart by 267.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,022,780 shares of the company’s stock valued at $26,234,000 after buying an additional 744,190 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Upstart in the 2nd quarter valued at approximately $9,681,000. First Trust Advisors LP raised its holdings in shares of 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 purchasing an additional 54,908 shares during the last quarter. GC Wealth Management RIA LLC lifted its position in Upstart by 38.1% during the 1st quarter. GC Wealth Management RIA LLC now owns 344,646 shares of the company’s stock worth $8,840,000 after buying an additional 95,172 shares in the last quarter. Finally, Alberta Investment Management Corp bought a new position in shares of Upstart in the second quarter worth about $8,461,000. 63.01% of the stock is owned by institutional investors.

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.