Upstart (NASDAQ:UPST) Stock Gets Price Target Reduction from The Goldman Sachs Group

Upstart (NASDAQ:UPST) had its target price cut by The Goldman Sachs Group from $28.00 to $24.00 in a report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages also recently commented on UPST. Piper Sandler increased their target price on shares of Upstart from $46.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Wall Street Zen upgraded shares of Upstart from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. B. Riley Financial restated a “buy” rating and issued a $42.00 target price (down from $54.00) on shares of Upstart in a research note on Wednesday. Loop Capital started coverage on Upstart in a report on Tuesday, September 8th. They issued a “hold” rating and a $34.00 target price for the company. Finally, Citigroup reaffirmed a “market underperform” rating on shares of Upstart in a research report on Thursday, October 15th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $32.40.

Upstart Price Performance

Shares of UPST stock traded down $0.25 during trading hours on Wednesday, reaching $21.89. The company had a trading volume of 4,573,996 shares, compared to its average volume of 4,074,217. Upstart has a 12 month low of $20.59 and a 12 month high of $52.10. The business has a fifty day simple moving average of $24.50 and a 200-day simple moving average of $29.40. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 37.10, a price-to-earnings-growth ratio of 0.75 and a beta of 2.48.

Upstart (NASDAQ:UPST) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $362.68 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. Upstart’s revenue was up 33.7% compared to the same quarter last year. On average, equities research analysts expect that Upstart will post 0.72 earnings per share for the current year.

Insider Activity at Upstart

In other Upstart news, insider Natalia Mirgorodskaya sold 913 shares of the business’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 sale, the insider directly owned 35,875 shares in the company, valued at $1,077,326.25. The trade was a 2.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Paul Gu purchased 50,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were purchased at an average cost of $25.55 per share, for a total transaction of $1,277,500.00. Following the transaction, the chief executive officer directly owned 130,000 shares in the company, valued at approximately $3,321,500. The trade was 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 valued at $4,133,720 in the last three months. Insiders own 17.29% of the company’s stock.

Institutional Investors Weigh In On Upstart

Several large investors have recently added to or reduced their stakes in UPST. Parallel Advisors LLC raised 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 acquiring an additional 719 shares during the period. Asset Management One Co. Ltd. raised its holdings in Upstart by 33.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,790 shares of the company’s stock valued at $41,000 after acquiring an additional 446 shares during the period. Geneos Wealth Management Inc. raised its holdings in Upstart by 274.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,842 shares of the company’s stock valued at $47,000 after acquiring an additional 1,350 shares during the period. Hollencrest Capital Management purchased a new stake in shares of Upstart during the first quarter worth $51,000. Finally, Sterling Capital Management LLC boosted its holdings in shares of Upstart by 838.2% in the third quarter. Sterling Capital Management LLC now owns 2,824 shares of the company’s stock worth $65,000 after acquiring an additional 2,523 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Upstart News Roundup

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

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.