Piper Sandler lowered the firm’s price target on Upstart (UPST) to $56 from $80 and keeps an Overweight rating on the shares. The firm notes the company reported expense-driven beat, with Q4 guide below its model. Piper thinks the 17% decline in the stock after hours is overdone and presents an attractive buying opportunity for long-term investors.
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Read More on UPST:
- Upstart price target lowered to $45 from $70 at Morgan Stanley
- 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