Will Nance, an analyst from Goldman Sachs, maintained the Hold rating on Upstart Holdings. The associated price target remains the same with $35.00.
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Double your UPST exposure with Tradr's UPSXWill Nance has given his Hold rating due to a combination of factors tied to Upstart’s latest origination data and the broader growth outlook. March originations of about $1.26 billion translated into first‑quarter volumes modestly above consensus, indicating that demand and funding capacity are holding up reasonably well.
At the same time, growth in originations has decelerated, and the contribution from newer verticals such as auto loans and HELOCs is still opaque, limiting confidence in the durability of upside. With underlying trends appearing stable but not clearly inflecting higher, Nance views the risk‑reward profile as balanced, which supports maintaining a neutral, or Hold, stance on the shares for now.