BofA analyst Mihir Bhatia lowered the firm’s price target on Upstart (UPST) to $71 from $81 and keeps a Neutral rating on the shares following what the firm calls “a disappointing 3Q print” with revenues and loans originated below expectations. Q4 guidance was also below BofA estimates and consensus, which will likely disappoint investors and could pressure shares near-term, the analyst added.
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