Upstart price target lowered to $60 from $71 at BofA

BofA lowered the firm’s price target on Upstart (UPST) to $60 from $71 and keeps a Neutral rating on the shares following a “decent” Q4 print and stronger-than-expected 2026 revenue guidance. The firm, which adjusted its FY26 and FY27 EPS estimates to account for Q4 results and updated outlook, is now forecasting lower take rates, as well as higher operating expenses.

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