BofA Securities Upgrades Upstart Holdings Inc (UPST) to Neutral

BofA Securities analyst Nat Schindler upgraded Upstart Holdings Inc (NASDAQ: UPST) from Underperform to Neutral with a price target of $53.00.

The analyst comments "We upgrade Upstart to Neutral (from Underperform), as we think risk-reward is more balanced at current levels. UPST shares are down 45% since it reported 4Q earnings in mid-February (vs. 9% decline in the S&P 500) and valuation is broadly in-line with our unchanged $53 PO (4.5x ’26E Revs). While a pullback from funding partners amid macro uncertainty remains a risk, we think this is balanced by advances UPST has made in diversifying its product mix and locking-in more longer-term funding. 1Q earnings (5/6) and an upcoming AI Investor Day (5/14) also offer catalyst potential."

For an analyst ratings summary and ratings history on Upstart Holdings Inc click here. For more ratings news on Upstart Holdings Inc click here.

Shares of Upstart Holdings Inc closed at $48.10 yesterday.

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