Stock Track | Upstart Soars After Analyst Upgrade

Stock Track2024-11-11

Shares of Upstart Holdings, Inc. (UPST) surged 5.09% on November 11th, following an analyst upgrade that provided a boost to the artificial intelligence lending platform's stock.

BTIG Research upgraded Upstart to Neutral from Sell, acknowledging that the company's lending volumes are likely to accelerate. Analyst Mark Palmer cited Upstart's strong balance sheet and improved funding environment as reasons for the more optimistic outlook.

However, other analysts remain cautious on Upstart, with price targets ranging from $12 to $90 according to Capital IQ data. The company's average rating among analysts is currently Hold, reflecting mixed views on its prospects.

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