Morgan Stanley lowered the firm’s price target on Upstart (UPST) to $50 from $70 and keeps an Equal Weight rating on the shares. Volumes and credit data remain strong, but a softer Q2 outlook coupled with a lack of full-year revenue flow through on higher interest income are “the key source of weakness,” the analyst tells investors. Macro will be key, but so long as trends remain stable and credit is contained, the “revisions path seems intact,” added the analyst in a post-earnings note.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UPST:
- Upstart Holdings: Balancing Solid Q1 Performance with Q2 Guidance Challenges and Long-term Growth Prospects
- Upstart Holdings Reports Strong Q1 2025 Growth
- Upstart Holdings Reports Strong Q1 2025 Financial Results
- Upstart sees Q2 revenue of about $225M, consensus $226.3M
- Upstart sees FY25 revenue of $1.01B, consensus $1.01B