Piper Sandler lowered the firm’s price target on Upstart (UPST) to $80 from $90 and keeps an Overweight rating on the shares. The firm notes Upstart shares struggled following the Q2 earnings release and the recent selloff in consumer finance and lending stocks hasn’t helped. Although there have recently been significant improvements in Upstart’s loan conversion rates and the total amount of funded principal, investors did not like the quarter-over-quarter decline in the company’s Q2 take rate, the balance sheet growth driven by R&D in Auto & Home loans, and the increase in the “Upstart Macro Index” from 1.48 in June 2025 to 1.6 in August 2025. In Q3, Piper anticipates that investors will be most focused on the size of Upstart’s balance sheet and commentary about institutional demand for its Auto & Home loans.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UPST:
- Private Markets: Oura reaches $11B valuation after $900M funding round
- Short Report: Quantum Computing bears add exposure into selloff
- Mixed options sentiment in Upstart Holdings with shares down 4.12%
- Mixed options sentiment in Upstart Holdings with shares up 1.2%
- Mixed options sentiment in Upstart Holdings with shares down 2.21%