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.
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Read More on UPST:
- Upstart Holdings: Balancing Solid Q1 Performance with Q2 Guidance Challenges and Long-term Growth Prospects
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- 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