Upstart Holdings Issues $690M Convertible Notes

Upstart Holdings ( (UPST) ) has provided an announcement.

On August 14, 2025, Upstart Holdings issued $690 million in 0% Convertible Senior Notes due 2032. The issuance aims to manage existing debt and fund general corporate purposes. The company also engaged in capped call transactions to mitigate potential stock dilution. The notes, which are senior unsecured obligations, offer conversion options under specific conditions and have implications for the company’s financial strategy and market positioning.

The most recent analyst rating on (UPST) stock is a Hold with a $45.00 price target. To see the full list of analyst forecasts on Upstart Holdings stock, see the UPST Stock Forecast page.

Spark’s Take on UPST Stock

According to Spark, TipRanks’ AI Analyst, UPST is a Neutral.

Upstart Holdings shows strong revenue growth and a return to profitability, which are significant positives. However, financial risks due to high leverage and weak cash flow management, combined with a negative P/E ratio, weigh heavily on the stock’s attractiveness. Technical indicators suggest bearish momentum, but potential for reversal exists. The earnings call provides optimism with strategic advancements and operational improvements.

To see Spark’s full report on UPST stock, click here.

More about Upstart Holdings

Upstart Holdings, Inc. operates in the financial technology industry, primarily focusing on providing lending platforms that leverage artificial intelligence to assess creditworthiness. The company aims to improve access to affordable credit while reducing the risks and costs associated with lending.

Average Trading Volume: 6,249,982

Technical Sentiment Signal: Buy

Current Market Cap: $6.1B

See more insights into UPST stock on TipRanks’ Stock Analysis page.