Morgan Stanley analyst James Faucette lowered the firm’s price target on Upstart (UPST) to $45 from $70 and keeps an Equal Weight rating on the shares. For a name like Upstart with “little downside valuation protection support,” clean quarters are required, argues the analyst, who contends that the company needs to demonstrate that both its model and forecasting can sufficiently adapt to volatility. Following earnings, the firm lowered its 2026 and 2027 originations forecast by about 11%, with the impact largely flowing through to adjusted diluted EPS.
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Read More on UPST:
- Upstart price target lowered to $65 from $88 at JPMorgan
- Upstart price target lowered to $80 from $100 at Citi
- Upstart price target lowered to $71 from $81 at BofA
- Cautious Outlook on Upstart Holdings Amid Revenue and Loan Origination Challenges
- Upstart Holdings: Hold Rating Amid Declining Financial Metrics and Elevated Macro Index Impact