Truist lowered the firm’s price target on Upstart (UPST) to $40 from $49 and keeps a Buy rating on the shares. The company reported mixed Q1 results coming in ahead of consensus on the top line, but below on margin, the analyst tells investors in a research note. Despite Upstart maintaining its FY26 margin target of 21%, Q1 results of 13% requires a meaningful sequential ramp through the year, the firm added.
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